Posts about Residential (4)

Maybe you’ve heard the stats before: if you don’t follow up with a tenant lead within one to two minutes, your chances of connecting with them drops fast — by as much as 40 percent in one day. Even after just 30 minutes, you’re 10 percent less likely to connect. How are you supposed to keep up at that pace?

When your rental property business grows, you may be debating the right time to add staff. However, as you grow your staff you also incur costs that can eat into your profits. The best strategy to maximize your rental income profit is to keep your property management team as lean as possible. But that’s easier said than done when everyone is working long hours to keep up with demand (especially these days, as we’ve seen a marked increase in leasing activity). So, is hiring another property manager actually the right solution?

Property managers know that as critical as the rental showing process is, it’s also really time-consuming. Between scheduling and rescheduling appointments, hosting the tour (assuming the prospects show up!) and then following up afterward, it’s not a simple task. We recently dove into data that shows that property managers are busier than ever, due to a high occupancy rate and a low number of rental units available. In a tight market, property managers need to save time, and self-showings might seem like a dream come true. But are they really?

“We used to get 50 phone calls a day at our office. Now we don’t get any. It’s awesome!”

As you get ready to advertise a residential rental listing, you’re probably wondering what you can do to get the most value from your investment. After all, advertising can sometimes feel like paying taxes: it’s money you have to spend, but you can’t always see the benefit.

WASHINGTON, March 23, 2020 – In a resounding win for the property management industry, the United States Court of Appeals for the Federal Circuit upheld the district court’s decision to dismiss the patent lawsuit between Consumer 2.0, Inc. (dba “Rently”) and Tenant Turner, Inc.

"Our business is now more effective, more efficient, and more pleasant. Quality of life is so important."