#TIMELY PROPERTY MANAGEMENT HOURS SOFTWARE#

Property management automation won't save just the time it takes for travel and showing the rental properties it'll also save the time lost in back-and-forth communication for scheduling the tour. Giving prospective tenants the added convenience of selecting a date and time of their choice is a sure-fire way to ensure no cancellations.

#TIMELY PROPERTY MANAGEMENT HOURS SOFTWARE#

A property management automation software like LetHub provides prospective renters with multiple choices based on property manager’s availability. Instead, the tenant leads can book and even confirm their own appointments online, reducing the risk of no shows. With property management automaton tools such as an online tour scheduler, property managers can save the hassle of setting up rental showing appointments themselves. Automate the Showing Process with a Scheduling Software This frustrating situation results in a huge loss of both time and money, which you might not be able to recover.īut what if property managers could prevent these no shows or at least keep them to a minimum? Fortunately, there are certain steps you can take to stop rental no shows from happening all of the time: 1. But then, no one shows up, and you've suddenly wasted a huge chunk of time on someone who was never ready to commit to renting your property in the first place. You know the drill – you take a valuable chunk of time out of your day, drive out to your property, and prepare to walk a prospective tenant through what could be their future home. Seasoned property managers with a lot of experience know that renting out their units comes with the hassle of dealing with no shows.

Utilize property management automation to avoid costly no shows

Automation can help you save $30K lost on no-shows. Time taken to travel and show a property = 60 mins * 80 appointments/mo = 80 hours per month Total time lost on no shows in a year = 100 hours/mo * 12 months = 1200 hours per year Staff costs lost = $25/hr * 1200hrs/yr = $30,000 / yearĪnd we aren't even accounting for the fuel cost. Time taken to manually schedule a tour = 15 mins * 80 appointments/mo = 20 hours per month Number of No shows = 20% * 400 appointments/mo = 80 no shows per month

Timely property management hours