How Apartment Leasing Virtually Can Generate Results in 22-Minutes
Leasing teams need to provide touring options, and they need technology solutions that actually make their day-to-day operations smoother, and have real results like a signed lease in 22 minutes – site-unseen (this is a true story!). Video can generate more qualified leads and reach prospects in other states.
Continue reading below to learn more about how apartment leasing virtually can improve your leasing efforts. If you found this information helpful, subscribe to the Realync newsletter to learn more!
Apartment Leasing
The world of apartment leasing is changing quickly; however, one of the points that have always remained steady is that it is important for apartment communities to keep their occupancy rates as high as possible. By increasing conversion rates and decreasing sales cycles, leasing agents can keep the revenue flowing into the apartment while keeping overhead costs low. Traditionally, people have had to physically be at an apartment building in order to see it, inspect it, and decide if they want to live there; however, this is changing quickly.
When it comes to how to lease an apartment today, it is still possible to lease an apartment in-person; however, this is no longer a requirement. There has been an increased opportunity for leasing agents to lease apartments remotely. This is done through virtual leasing with video tours, including live and pre-recorded formats. This provides leasing agents with the ability to dramatically change how they approach the challenge of apartment leasing. Now, they no longer have to clear their schedules to create opportunities for in-person tours. In addition, it is possible for an increase in sight-unseen leases. When a prospective resident is able to sign a lease virtually without ever having to physically visit the community in person, it will save a great deal of time and money for the leasing agent.
This allows leasing agents to reach people in a whole new way and allows them to cast a much wider net when it comes to apartment leasing. While video leasing does provide leasing agents with new opportunities, it is still important to plan accordingly. The world of multifamily living is competitive and advances are taking place all the time. In order for leasing agents to keep their occupancy rates high, they need to stay ahead of the competition. This is where leveraging the technology of video leasing software is critical. In the world of apartment leasing, there are a few important points that everyone has to keep in mind.
Apartment Lease Agreement Format
When a prospective resident decides to sign an apartment lease agreement, it is important to use the right apartment lease agreement format.
This lease agreement format is going to have several parts to it. First, the rental lease agreement template has to include the names of the resident(s), including their first and last name.
Of course, the apartment lease PDF also has to have the rent amounts. If the rent is going to change after a certain number of months, include this. Also, include a list of any security deposits and the conditions under which the deposit might be withheld. The lease agreement template word also has to have a list of potential fines, fees, charges, and when these might be levied. There should also be an appeal system in place.
Finally, the residential lease agreement form should also have a list of responsibilities. Because the resident is using the apartment, he or she is responsible for the upkeep of the unit up to a certain extent. This has to be included in the agreement as well. All of these sections should be spelled out clearly throughout the agreement and any questions the resident has should be addressed before everyone signs on the dotted line.
Typical Apartment Lease Terms
There are a few typical apartment lease terms that everyone should note.
For example, one of the most common terms that people might come across is a month to month lease. This type of lease is used to describe month to month apartments where the contract is only ever extended one month at a time. Often, the rent is higher than it would be when compared to a monthly average over a year; however, month to month lease apartments near me are also popular. These are some of the most common short term lease apartments; however, when someone is looking for an apartment, most buildings will be willing to provide a lease for almost any timespan they would like. This just requires some adjustments regarding how the rent is structured during this time period.
Another popular lease length meaning is the 12-month lease apartment. The 12-month lease apartment meaning is that the person has rented the apartment for a year. This is different from a 3-month lease or a 90-day apartment lease, where the person only rents the apartment for three months at a time. This is common for students who are looking for a place to live during the summer. Importantly, the resident is responsible for paying the rent throughout the length of the contract and they have to pay the rent even if they move out. Or, they might face a penalty for breaking the lease early. While the average apartment lease length will vary from place to place, the best apartment lease length is dependent on someone’s individual situation. While many people will sign a one-year apartment lease agreement, some people might sign for six months or two years. It just depends on each individual situation.
Apartment Leasing Jobs
The world of multifamily living is always changing and this means that there are plenty of apartment leasing jobs for those who want to learn more about this field. For example, some people might be interested in leasing consultant jobs. These are jobs for consultants who help multifamily buildings and leasing agents increase their occupancy rates and get units filled. There are plenty of other apartment community jobs near me as well. Some of the biggest apartment leasing agent jobs near me take place in new buildings that need managers and leasing agents to help them during the lease-up phase.
There are even some apartment leasing jobs with no experience such as apartment community receptionist jobs. While it is unusual to find apartment jobs with free rent, this is also a possibility. The apartment leasing consultant job description will lay out a list of the duties and responsibilities an apartment leasing consultant will be expected to undertake. Anyone who is looking for jobs in the world of apartments needs to make sure they are familiar with these before the first day of the job.
Apartment Leasing Rules
When it comes to leasing an apartment, it is important to spell out a clear list of apartment leasing rules. For example, there have to be apartment rules for noise, particularly if the building has thin walls. This rental rules list should include times when the community is expected to be quiet and the penalties for making excessive noise outside of these hours. It is also helpful to include regulations for common areas in the apartment policies and rules. This will help the building cut down costs related to repairs and cleaning.
Finally, it is also important to include apartment rules for roommates in the sample of landlord rules and regulations. There are going to be guests that visit from time to time and some apartment residents might want to sublease their apartments in certain situations. All of this needs to be covered in the rules because these issues are going to arise from time to time.
Leasing An Apartment Vs Renting
One of the most common questions people have is about leasing an apartment vs renting. For those who might be wondering, “is a lease and rent the same thing,” the answer is, not quite. They are similar. Usually, a lease is longer than a typical rental period; however, apart from this, there isn’t much of a difference. Leasing and renting are very similar. There is a landlord in both cases and the landlord is responsible for making sure that the prospective resident is able to pay his or her rent on time in both situations.
While it is possible to find a lease without rent, this is virtually the same thing. Residents are going to be expected to pay rent on time and assume some responsibility for the care of the property in both situations. The lease rent meaning is very similar and the contracts are going to be similar as well. For this reason, there are going to be major similarities between any contact to lease vs lease. Those who have questions about the contract for any lease or rental agreement need to make sure they speak with the leasing agent before they sign a contract. There are trained professionals who can help prospective residents work through these issues.
Lease Apartment Near Me
For those who are looking for a lease apartment near me, the good news is that there are plenty of apartments from which to choose. When looking for apartments near me, there are a few key points to keep in mind. First, be sure to take a tour of the community before signing a lease agreement. While many people still like to take a tour in-person, many apartment communities now offer virtual tours.
This virtual tour allows a prospective resident to take a look at the apartment community without having to take the time to travel there physically. There are both live and pre-recorded tours available, allowing prospective residents to get a better look at the community than they otherwise might using 3D or 360 degree tour software. Then, after seeing the building, they will have the opportunity to ask questions and get more information if they need it. This is one of the crucial steps when it comes to looking for an apartment. With numerous benefits of apartment living, it is easy to see why so many people want to tour as many buildings as possible before making a decision. This is a big decision, so take the time to get it right!
Ready to Get Real?
Accelerate Leasing
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Speed Up Lease Up
by providing construction updates and showcase your space without having to do hard hat tours.
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PRE-LEASE OCCUPIED UNITS
by ‘showing’ them without having to physically tour the space by sending pre-recorded videos.
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CONVERT A HIGHER PERCENTAGE OF YOUR LEADS INTO LEASES
when you receive notifications when prospects are viewing videos to cater your follow up.
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SPEND LESS TIME TO CLOSE EACH LEASE
by removing roadblocks and barriers in the leasing process.
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INCREASE SIGHT-UNSEEN LEASING
by making it a breeze for out-of-market leads to choose your community.
Improve Community Engagement
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PROMOTE YOUR PROGRAMS BETTER
via pre-recorded videos by linking via social media or internal apps.
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DECREASE MAINTENANCE REQUESTS
by creating maintenance videos.
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REINFORCE COMMUNITY RULES
by receiving notifications when residents are viewing videos to know who has seen a message and who hasn’t.
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REDUCE REPETITIVE QUESTIONS
because consumers retain 10% of a message when reading it via text, but 90% of a message when viewed in a video.
More Than Software
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Virtual Training
is available for every property utilizing Realync.
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Make your video efforts consistent
with one set, standardized process and platform.
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TRACK ENGAGEMENT And Usage
across your entire portfolio.
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Partner with the Realync Team
to create a personalized training program to be rolled out across all properties.
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Are you Ready to Get Real?
Talk with us today to see how Realync’s platform can 4X your lead-to-lease conversion!
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