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The number 1 tip to make more money from your rent roll

Promoted by :Different
24 April 2023 | 4 minute read
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Promoted by :Different for Agencies.

With a rent roll performance check, get a proven game plan that you can start implementing today to help you unlock your rent roll's revenue potential.

As a real estate agency, your primary goal is to grow your business and become profitable in a highly competitive market.

However, with challenges such as market fluctuations, changing regulations, wage increases and customer expectations rising - achieving growth is a difficult task. 

One area that significantly impacts your agency’s growth potential is your rent roll performance. 
This is the backbone of your business, and it’s vital to ensure that it’s performing at its best. 

The first step to ensuring your rent roll is a profitable function of your agency is understanding how it’s currently performing. After all, you can’t fix a problem without knowing what the problem is. 

Get a pulse check on your rent rolls performance

At :Different, we understand the unique challenges that agencies are facing in today’s market. We’re offering residential property management agencies a free Rent Roll Performance Check.

 Our expert team will perform a comprehensive analysis of your rent roll, highlighting areas of strength and identifying key areas for improvement. It will provide your agency with valuable insights and recommendations to optimise for growth.

Reduce churn

Agencies should be measuring churn drivers, implementing plans to eliminate service issues and must be proactive in response to churn triggers. The majority of property investors that consider switching property management agencies can be saved proactively. Almost none can be saved reactively. 

From agencies we’ve partnered with, and provided a consistent and transparent approach to property management, we’ve been able to stabilise and reduce avoidable churn within 3 months. 

This allows an agency to focus on what they love doing the best, driving rent roll growth and generating revenue from their sales business. 

Stop losing sales to competitors 

 It’s common for agencies to only be listing around 15% of the properties on their rent roll that went for sale. This means  your rent roll is working for yourcompetitor and not  your own agency. It’s a huge missed opportunity caused by poor customer experience.

To stop losing sales to competitors, agencies need to start nurturing their rent roll for leads instead of fearing that it will increase rent roll churn. 

Remove operational complexities

For our partners, we reduce their operational complexity by providing property management services on their behalf. 

At :Different, we know that tech can never replace the need for the empathy and knowledge that experienced property managers provide  - but it can replace many repetitive tasks. 

This not only creates efficiencies but it improves the customer experience. 

What is the process? 

Our experts will conduct discovery calls, and use a questionnaire to understand your customer experience, maintenance, leasing, growth and business development functionalities. We’ll then create an improvement plan for your rent roll. 

Next, we’ll look into your current service offerings, to help understand how you provide an end-to-end solution to your investor customers. 

Finally, we’ll look into the cost of managing your rent roll, and the expenses related to software, employee compensation and business overheads. 

All of this will be given to your agency as a Rent Roll Performance Report, providing you and your team with a clear plan to unlock your rent roll's full growth potential. 

And there are no obligations to :Different, or interruptions to the running of your day-to-day business. 

Take your agency’s growth to the next level

Discover more ways to optimise and grow your residential rent roll revenue, with our data-driven insights. Apply for a free Rent Roll Performance check with :Different, valued up to $2500 and start growing your business. 

Apply for a free rent roll performance check today

 

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At :Different, our mission is to take care of homes and the people in them. ... Management-as-a-Service to real estate...

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