Increasing
Profitability and Reducing Vacancies

How leasing automation helps property managers in achieving profitability goals for 2022?

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A typical lead-to-lease cycle takes around 30-40 days, costing your leasing team 70 hours per agent every month.

Leasing automation can reduce this friction and help you convert renter leads faster, reducing your vacancies significantly. Here are 5 bottlenecks of a lead-to-lease cycle:

Bottleneck #1:
Unanswered emails, texts and calls from leads

Once you post listing ads across various sites, for your vacant properties, resulting in 200+ renter inquiries per day, asking repetitive questions.

Bottleneck #2:
Weekend inquiries, and late responses

53% of inquiries are after-hours or on weekends resulting in a lot of missed rental leads.

Bottleneck #3:
Unqualified leads and window shoppers

On average, leasing agents spend 48 hours per month on responding to monotonous inquiries and pre-qualifying renter leads.

Bottleneck #4:
No-shows & Tour cancellations

1 in 4 leads end up scheduling an appointment of which 70% are no-shows, wasting leasing staff time.

Bottleneck #5:
Too many hours wasted on manual tasks

Leasing agents spend 70 hours every month on manual tasks, which could instead be utilized on portfolio growth.

Increasing Profitability and Reducing Vacancies

How leasing automation helps property managers in achieving profitability goals for 2022?

Download FREE Report Now

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