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DGS104: Virtual Tour Technologies with James Barrett of Tenant Turner
Description
How can you reduce the number of times you show a property? Virtual tours. It's time to weed out unnecessary in-person showings with time wasters and tire kickers.
Today, I am talking to James Barrett of Tenant Turner, a leading property management tool and resource that lets property managers manage tenant leads, schedule showings, and automate the leasing process.
You'll Learn...[02:59] Goal of Virtual Tours: Educate potential tenants before choosing to visit property.
[03:27] Customer-Centric Concept: Virtual tours evolved from quality images to videos.
[04:20] ROI: Reduced costs for video camera equipment make virtual tours possible.
[07:40] Lack of competition makes virtual tours core to growth and promotion.
[08:28] Direct correlation between virtual tours, time on market, vacancy, and showings.
[08:53] Quality over Quantity: Maximize exposure to increase good-fit tenant leads.
[13:37] Virtual tours take time and money. Are they worth it? Promoted? Required?
[16:29] Record moves, maintenance, and inspections for marketing and leasing metrics.
[21:08] Options and Recommendations: Zillow's 3D Home, zInspector, and Ricoh; or outsource and offload to PlanOmatic, VirtuallyinCredible, and HomeJab.
TweetablesListings with virtual tours increase interest by 250% and generate 49% more leads.
One-third of Tenant Turner's customers do virtual tours; 11% of its listings include them.
Do virtual tours. If you do, you'll be different, reduce vacancy, and make more money.
About 45% of millennial renters seek virtual tour technology before making a decision.
ResourcesNational Association of Residential Property Managers (NARPM)
DGS 45: Automate Tenant Lead Management with James Barrett and Calvin Davis of Tenant Turner
DGS 78: Automating Property Showings with Michael Sanz of Neesh Property
TranscriptJason: Welcome DoorGrow hackers to the DoorGrow Show. If you are a property management entrepreneur that wants to add doors, make a difference, increase revenue, help others, impact lives, and you are interested in growing your business and life, and you are open to doing things a bit differently, then you are a DoorGrow Hacker.
DoorGrow Hackers love the opportunities, daily variety, unique challenges and freedom that property management brings. Many in real estate think you're crazy for doing it, you think they're crazy for not because you realize that property management is the ultimate high trust gateway to real estate deals, relationships, and residual income.
At DoorGrow, we are on a mission to transform property management businesses and their owners. We want to transform the indu