Five Simple Automations To Increase Occupancy Rates Faster
Rental managers have a lot on their daily to-do lists. Between maintaining the rental, meeting renter needs, and administrative tasks, there is often little time left for growth activities. Luckily, automation tools can streamline a lot of these processes. So that rental managers can complete their day-to-day tasks while increasing their occupancy rates. Here are five simple automations that will help:
1. Automate Online Listings
Advertising your vacancies on a variety of platforms helps you reach a wider audience. However, listings require a lot of information, so they take a lot of time. Automation tools automatically syndicate listings across major rental sites, ensuring broader visibility.
Tools To Consider: Zillow Rental Manager, Apartments.com, and Buildium
2. Lead Nurturing
Following up immediately with any potential occupant prevents you from losing leads. However, when you are juggling a million tasks, it can be a challenge to follow up on every lead. That’s where lead automation comes in. Lead automation captures potential renter information and follows up with them automatically, increasing your number of prospects.
Tools To Consider: LeadSimple, HubSpot CRM, and Rent Dynamics
3. Renter Screening And Application Processing
The renter application and screening process has been typically lengthy, dragging out the time it takes to fill occupancies. Fortunately, with automation, you can streamline the application process, including background and credit checks. Automation speeds up the application and approval process to reduce time per vacancy.
Tools To Consider: TurboTenant, Avail, and Buildium
4. Automated Rent Specials And Incentives
Rental specials and promotions are an effective way to attract occupants. However it can be difficult to get the word and make sure they are working. With automated rental specials and incentives, you’ll not only be able to reach more potential occupants with your offering but you’ll also get detailed analytics to know how effective the campaign is and how you can improve it for next time.
Tools To Consider: Propertyware, Yardi Breeze, and ResMan
5. Automated Lease Renewals And Upsells
Automation can also support occupancy retention rates. Deploy automation for timely lease renewals and to offer upsell opportunities to current renters, reducing turnover and maintaining higher occupancy rates.
Software Options: LeaseHawk, AppFolio, and Buildium
These simple automations don’t require a background in IT. Anyone can set them up to save time on their processes and fill their vacancies faster. For more ways to improve your rental processes, contact Occupancy Solutions, LLC. Since 1986, we’ve helped rental managers achieve higher occupancy rates with innovative solutions.