With the increasingly clever self showing lockboxes technology, contactless showings have increased from half to more than 60% of all property showings. Ever since COVID they have become an important driver for reducing vacancies and rental losses. So much so, that the recent industry report indicates 31% more visits to self showing properties. But how do property managers prevent their properties from frequent real estate lockbox break-ins?
Let's start from the basics.
As soon as a Property Manager enlists their property, it sets off a chain of reactions from pre-qualifying leads, verifying details, and answering potential questions to scheduling a property tour. With the help of AI-powered scheduling systems, self showings can be seamlessly scheduled. This still leaves security-related concerns unanswered.
That’s where new technologies come into play which have made self showings safer than ever thanks to innovative software and robust self showing lockboxes technology.
These property tours are usually facilitated by remotely controlled self showing lockboxes. Property managers are able to send unique access codes to scheduled visitors within seconds versus waiting for them to arrive in person at their listing location. There is a myriad of options out there for self showing lockboxes, each enlisting different features centered around securing self showings. But are you sure if your choice is the right one?
Despite spending millions on safer self showing lockboxes technology, self showings have fallen prey to rental scams one way or the other. The prevalence of fraud has increased significantly as a result of this acceleration into the digital domain. Only last year, the industry saw a 30% rise in rental fraud triggers.
Consequently, if a property manager has been scammed, it is going to cost them much more than just time and money. Bad word of mouth could result in decreased revenue over the long run. Whether you’re managing properties for yourself or as an experienced professional property manager, it is always worth your time to find ways to prevent being scammed and preserve your cash flow for years to come.
During a time when rental scams are on the rise, LetHub has made leasing faster and secure for property managers by weeding out their poor-quality leads and introducing the safest self showing lockboxes.
Our lockboxes employ terrific code generation technology, thanks to Codebox! These electronic self showing lockboxes can be installed on your rental property. You can either choose the Junior or Senior Codebox to:
The LetHub platform is designed to make your lead-to-lease cycle extremely seamless. From scheduling solutions to filtering out quality leads, the addition of our self showing lockboxes will:
Keep it safe, LetHub has got you covered! The smooth integration of a self-showing schedule within your LetHub account and easy remote access to a secure self showing lockbox will ensure that you do not fall into the hands of any scams and that no unauthorized individuals will be able to access your properties.
When compared to homes that only perform in-person showings, self showing properties spend 17% less time on the market. By employing LetHub self showing lockboxes, you can promote self showing tours of your properties and reduce the number of days that are unoccupied to save 58% of revenue lost.
Self showings eliminate the need for hiring additional staff to schedule or accompany potential renters to the property. Coupled with all the other property management tasks that LetHub takes care of, this cherry on top will help you 5X higher show-up rates and high NOI within weeks.
All our self showing lockboxes cost $5/month regardless of being active or not. Additionally, the service is also available on an easy credit plan as well. Hence, the safety of your showings will not cost you an arm and a leg and will enable you to invest the money back into growing your business.
Property management software is designed to help and expedite the responsibilities of a property manager. By reducing the number of tasks, it allows for more efficient management of operations, finances, team, and gives you more time for growing your portfolio.
On September 1, 2020 the Centers for Disease Control and Prevention (CDC) issued an Agency Order titled “Temporary Halt in Residential Evictions to Prevent the Further Spread of COVID-19” which finally expired on July 31, 2021.
With popular rental listing sites like Zillow having moved to a paid model recently, more and more landlords and property managers are looking for free rental listing sites including social media to list their next property. In this blog, we’ll make a list of the best free rental listing websites.