Even though a vacancy can be painful for an investor, leasing doesn’t have to be the biggest hat a property manager has to wear.
Join property management growth expert Jason Hull to talk about the leasing process during the property management Summer busy season with Tim and Larry from Tenant Turner.
You’ll Learn
[02:55] When is the right time to automate?
[07:52] Why being cheap leads to bad clients
[14:34] Staying competitive in the slow season
[18:04] The multifamily market oversupply
[22:13] Lockboxes and self-showings
Tweetables
“The most important currency related to growth is not cash, it’s focus.”
“It’s really stupid, in contrast, to hold onto the moldy peanuts in the monkey trap because you don’t want to let go and not get your hand out because you just want to be cheap.”
“I find that cheap business owners attract cheap clients and they don’t grow and scale their businesses.”
“Even if you only have, you know, one door, eight doors, 10 doors, any vacancy is painful.”
Resources
Transcript
[00:00:00] Jason: I find that cheap business owners attract cheap clients and they donât grow and scale their businesses. And so if youâre listening to this and youâre like, âwell, Iâm being cheap and Iâm being frugal, and thatâs smart.â Itâs not smart when it comes to business, and itâs not smart when it comes to growth.Â
[00:00:17] Welcome DoorGrow Hackers to the DoorGrowShow. If you are a property management entrepreneur that wants to add doors, make a difference, increase revenue, help others, impact lives, and youâre interested in growing in business and life, and you are open to doing things a bit differently then you are a DoorGrow hacker. DoorGrow hackers love the opportunities, daily variety, unique challenges, and freedom that property management brings. Many in real estate, think youâre crazy for doing it. You think theyâre crazy for not because you realize that property management is the ultimate, high trust gateway to real estate deals, relationships, and residual income. At DoorGrow, we are on a mission to transform property management business owners and their businesses. We want to transform the industry, eliminate the BS, build awareness, change perception, expand the market, and help the best property management entrepreneurs win. Iâm your host property management growth expert, Jason Hull, the founder and CEO of DoorGrow, along with Sarah Hull, the COO of DoorGrow. Now letâs get into the show, and our guests today are Tim Wallace and Larry Hancock of Tenant Turner. Welcome you two.Â
[00:01:27] Tim: Thanks for having us.Â
[00:01:28] Larry: Yeah, thanks for having us.Â
[00:01:29] Jason: So does everybody there have red hair now? Is this the thing?
[00:01:32] Tim: Weâre slowly taking over the world.Â
[00:01:34] Larry: Like itâs justâ gingers uniteâ job application requirement.
[00:01:37] Jason: That sounds like a really good t-shirt.Â
[00:01:40] Sarah: I like it. Yeah. âAre you willing to dye your hair?â
[00:01:43] Jason: Thatâd be the strangest thing. Yeah. âItâs part of the, itâs part of the uniform.â All right. Awesome. Well, itâs good to have you both and you know, we really appreciate you being a sponsor for our DoorGrow events and doing some cool stuff with us. And Tim, you actually sold Sarah Tenant Turner previously. Oh, Larry did. Larry sold Sarah Tenant Turner. Yeah. You canât have the credit, Tim. Sorry. Itâs Larry. Larry did this. He closed the deal in Sarahâs property management business that sheâs since sold, but theyâre still using Tenant Turner.Â
[00:02:17] Sarah: They do use tenant turner.
[00:02:19] Jason: There you go. So awesome. So our topic today is scaling up your leasing process during the busy season, which is right now, right? Itâs summer, things heat up. And whatâs interesting, if you do go onto Google Trends, trends.google.com and look at the keyword âproperty managementâ and you backdate it for like a decade and youâll see these, it just spikes. It doesnât go up like itâs not growing in search volume, but property management spikes every summer and goes down in the winter. And thatâs probably how leasing works as well in property management. So what, where should we start with scaling up your leasing process during the busy season?
[00:02:59] Larry: So whatâs interesting is itâs almost like a catch 22 for our customers. So for folks that arenât using any kind of automation, theyâre like, âI really need your services, but Iâm just too darn busy to even consider it.â Iâm like, âah! Why didnât you talk to us just a few months earlier?â And then you got the opposite side where some customers are like, âIâm not busy enough to consider your services.â so weâre always trying to, you know, have these conversation with these people why automationâs beneficial for them. Whether theyâre in a stage where theyâre just, you know, drinking from a fire hydrant and theyâre just trying to just figure things out while theyâre in the busy leasing season. Or maybe you are using automation and itâs just a matter of creating efficiencies. So that way you can continually grow your business. So, typically thatâs how weâll start our conversation is kind of where are you at right now? Are you kind of just struggling to stay afloat and you need to add some automation into your life, or do you have the automation and itâs just creating those efficiencies in your business?
[00:03:53] Jason: So how do you help people that say theyâre not busy enough justify leveraging and getting tenure turner?Â
[00:04:02] Larry: Yeah. So from there itâs really. Trying to get them more in the head space of like, âI understand that for now. But letâs figure out how we can create value here.â So maybe Iâm getting them in a place of, you know, letâs build the building blocks. âWeâre not going to create your account just yet, but in a perfect world, when you are busy and need our services, letâs kind of back out what the steps are to get there.â Sometimes maybe their portfolio isnât large enough. So then that would be a time when I would recommend to someone like you, Jason, where itâs like, âHey, you need to be a part of a program where you can, you know, grow your portfolio because heâs going to help you grow your portfolio and then youâre going to need us because youâre only one person.â so Iâll try to get them in that kind of head space. But itâs really almost building their tech stack. So while weâre an important piece to that whole thing thereâs other moving parts to the entire system. So thatâs usually how I start. Itâs really more playing a consolidative role.
[00:04:55] So Iâm trying to consult them, figure out where theyâre at in the process. And if theyâre not a good fit for us that day, thatâs okay. Maybe they will be. And then Iâm going to set a reminder to reach out before theyâre busy losing season basically.Â
[00:05:07] Jason: So where is that kind of cutoff point to where theyâve achieved, you know, Tenant Turner readiness status?
[00:05:17] Larry: So sometimes people will view it from like a portfolio size. I think itâs really more about the entrepreneurial mindset. I met some people where they have just one door and theyâre like, âHey Larry, Iâm going to be a hundred units by the end of the year.â Iâm like, âthatâs awesome man. You know, itâs great youâre kind of trying to build this plane before youâre trying to take off,â where sometimes I talk to customers, theyâre like, âHey, Weâre flying this plane. The wings are about to fall off. And I just donât know what to do.â Iâm like, âokayââ
[00:05:42] Jason: Iâm going to build it in the air. Iâm working on it.Â
[00:05:45] Larry: I know. Itâs like, âall right, well I appreciate you, you know, diving ahead first, but youâre probably really stressed out right now.â So, typically in our world, our pricing model, month to month, no contracts. So one to 50 units youâre fine. Weâre going to talk to you. Weâre not going to be like, âoh youâre too small for us, man. Like, I just canât talk to you.â We have a great culture in that way. We try to be that partner with them. But typically our general rule of thumb is if you expect to have any vacancy, whether itâs one throughout the entire year, you should at least consider us. Even if itâs only one month out of the entire year weâll still talk to you.Â
[00:06:16] Jason: Yeah.Â
[00:06:17] Sarah: Yeah. And I think something that people donât always realize is even if youâre like, I donât need it right now, Iâm not ready, I donât have enough. Itâs going to make it so much easier if you have systems in place already, so that you can scale so that when you scale, youâre not now in massive amounts of pain. And even if you only have, you know, one door, eight doors, 10 doors, any vacancy is painful. Yeah, any vacancy is painful and itâs going to help you massively, not only just in your time and your effort, but it will make your clients happier. Like when I implemented Tenant Turner, my vacancy rate like took a nosedive. Now, not that I had a high vacancy rate. But like just trying to like market and figure out where to put these things and answering all the messages and doing a gazillion showings for people that might not even qualify. You know, it was taking sometimes like weeks to fill a vacancy. And when I implemented that, it went down dramatically. So clients are much, much happier and you and your staff are going to be much, much happier because now itâs a lot less work for you.Â
[00:07:28] Larry: Yeah and kind of building on that, Sarah, we kind of find our solution is almost like a an aspirin approach. So people are kind of taking that aspirin when they have a headache in the form of vacancy. And there is a time and place to pop the aspirin, but usually whatâs a lot better is kind of plan ahead of, âoh, I know I could have headaches during this time of the year, so Iâm going to be a little bit more you know, Iâm going to prepare, Iâm going to be more proactive.â where I see people have the right mindset in regards to software is usually what theyâll do is theyâll annualize the cost and then figure out how to generate enough ROI. So if Iâm able to save. Five hours per week, you know, and I annual analyze the software in such a way I donât need to worry about it because Iâve looked at the 12 month period and I know Iâm going to get my value that way. Itâs a little bit harder when youâre trying to convince people when theyâre kind of penny pitching and itâs like youâre wasting all this time on that part and that time worrying about it, you just wasted where you could be attracting new owners. So the mindset really is kind of analyzing the software, but trying to build the ROI into that.
[00:08:31] Sarah: I have to say like I was hesitant for a while because I was like, âwell, this is easy and like I have this streamlined processâ and really, I said this to you. I was like, âI just donât spend that much time.â I had 200 and like some odd units, like 260 I think at my highest. And when I was talking with you, I was like, âyou know, I just donât spend that much time doing it. So is there a benefit to it? Yes, but how much time am I really going to save? Because I feel like itâs already something that is simple for me.â And even though I had this streamlined and I had processes to find and I maybe was spending a couple hours a week doing, you know, messaging and email and confirmations and stuff like that.
[00:09:14] I was still spending time doing it. When I implemented Tenant Turner, then I was like, âoh, I donât have anything to do.â Like every once in a while I have to just pop in and you have to like manually approve somebody. And then once, like I updated my showing schedule once a week. So once a week I had to go in and update the showing schedule for the upcoming week, which took all of maybe four minutes. And other than that, I was just popping in and kind of like manually approving people. And I was spending, I went from maybe a few hours a week, which I still didnât think was a lot to minutes per week. And I was like, âoh wow. Okay. I see it now. I see it.â But sometimes they think you have to experience it to see it. Because I was like, âI just donât know!â And I was really glad that I did it because it really like, it took so much. And sometimes when you make a change like that, then you realize how much work you are actually doing. Because we rationalize, weâre like, âitâs not that hard. It doesnât take me that long. Like I just send a couple emails,â and then when you realize, âoh, I donât have to do any of that anymore.â it was like mind blowing to me. I was like, âoh, like this literally takes me like 10 minutes a week and thatâs it.â So all my leasing was done in 10 minutes.Â
[00:10:33] Jason: I think thatâs one of my favorite ways to justify an expense is you have to look at the opportunity cost because if youâre just looking, youâre like, âokay, well it costs me this much money and if I do it myself, then itâs free. But your time is the most valuable resource you have in a businessâ not freeâ and the most important currency related to growth is not cash. Itâs focus. And if your focus is diluted as a business owner away from what can generate more revenue, then the opportunity cost is huge in two to three hours you could be closing deals that are worth tens of thousands of dollars over that year. So itâs really stupid in contrast to like hold onto the moldy peanuts in the monkey trap because you donât want to let go and not get your hand out because you just want to be cheap.
[00:11:22] And so I find that cheap business owners attract cheap clients and they donât grow and scale their businesses. And so if youâre listening to this and youâre like, âwell, Iâm being cheap and Iâm being frugal, and thatâs smart.â Itâs not smart when it comes to business, and itâs not smart when it comes to growth. You need to let go of those moldy peanuts. Thereâs bananas in reach and the farmerâs going to come along and chop off your head. And this is why most businesses fail. Most businesses fail in theâ or they get stuckâ first year or the first five years. A lot fail and property management is tough. And I see, I see a lot.Â
[00:11:55] Sarah: They get, they just get stuck and theyâre trapped. âI donât have more time. I canât do anything else. Like, I donât know what else I can do in making these little changes.â Like Iâm going to be honest with you, I like, I bought into the product and I still wasnât like, âah, I think thatâs going to be amazing.â I was like, âitâll help me.â And it helped way more than I thought it was going to help me. I would say this is like 1. Was implementing a property management software and 2. Was implementing tenant Turner. Those are the two things that like made a massive shift in my business for me.
[00:12:28] Jason: Nice.Â
[00:12:29] Sarah: And I almost wish I could have told myself like, âHey, remember when you had 260 units and you were doing it all yourself? You should have been talking to Tenant Turner.Â
[00:12:37] Jason: There was some guy that had mentioned these things to you.
[00:12:40] Sarah: I know!
[00:12:40] Jason: Heâs pretty smart.Â
[00:12:41] Tim: I think even if you are in that cheap mindset, like at the end of the day, like vacancy is whatâs going to cost your owners the most money down the road too. Like one day on the market can cost them anywhere from what, 50 to $200 depending on what theyâre paying for their mortgage and everything. Like those costs add up and itâs as property managers, itâs your fiduciary duty to help them recoup that money. And if youâre spending too much time on those types of things, even if youâre focused on your business and spending time on that, you could still be losing that money by having those extra days on market without this type of system.
[00:13:11] Sarah: Absolutely, and I think the conversation that I have with people over and over again is you need to figure out what this particular task is worth in dollars. So if this is like a $10 an hour task, a $20 an hour task, Is it something that you, as a business owner need to be doing? Is your time worth more than 10 or $20 an hour? And if the answer to that question is yes, then you need to not be the one whoâs doing this.Â
[00:13:35] Jason: Yeah. If a business owner, and a lot of business owners are the BDM, they are the business development manager. They are the person thatâs doing sales and generating revenue and growing the business. And if you do not as a business owner, have a full-time BDM.
[00:13:49] You have somebody focused on this and itâs on your shoulders, then youâre a shitty part-time salesperson. Youâre maybe investing, I find one, maybe two hours a day. Thatâs like 10 hours a week focusing on growing the business. And so everything else other than that should be offloaded that you can everything else. Give up the leasing stuff as much as you can, give up the maintenance stuff as much as you can, like you need to be focused on generating revenue until you can offload that piece and focus. Otherwise, youâre not going to grow. And if any business owner is listening to this in property management, if you havenât grown significantly over the last year or two or three, itâs because you are doing the wrong things as a business owner in the business. Plain and simple, thereâs no way around that. So we chatted about justifying it for those that are already, they have lots of doors and theyâre, you know, how do we deal with making things scalable during the busy season? And then things really for leasing tend to really cool down in the winter months. And so what are you typically seeing with clients that come to you that are maybe at a 200 plus doors or itâs obvious that you can serve them.
[00:15:02] Tim: I mean, even if you do have 200 doors sure, summertimeâs going to be the busiest, where generally speaking, you could have anywhere from what, five to 12% vacancy rates and whatnot with turnovers and whatnot. During the wintertime, there still might be one or two that hit every month. And what weâre noticing with customers that size is that throughout the year we kind of keep things with that month to month rate really low for everyone.
[00:15:24] Itâs based on portfolio size for us. And so most people are keeping that active because even one listing, like youâre saying, if youâre working on one listing, spending two or three hours on that one listing, even getting to go back and forth with the messages, the emails and everything like that could still be costing you more than what your monthly rate for subscription might be. So a lot of people do keep us going year round and have the lock boxes and things like that in service for vendors and stuff that might need to come and go for properties as well. So, thereâs lots of different little solutions that we provide there too that kind of help keep the business flowing smoothly, but generally speaking, weâre there when they need us and any spot in the road where if itâs crazy or if itâs just a little bit, we try to keep the system smooth all year for them.Â
[00:16:10] Larry: I guess to add to that so typically when things are slow, usually people are saying, âIâm not getting enough leads.â really what they mean is theyâre not getting enough leads from, you know, Zillow, Trulia, the big networks. And when they come to us and say, âHey, what do I do? What can Tenant Turner provide?â Thatâs usually when I tell them like, âyouâre really going to hunker down and how are you going to be different than your competition?â and thatâs also times when like, you know, âletâs look at your website. You know, are you being an industry leader in your market?â So maybe theyâre not going to the Zillows, but when they search, or, you know, what is your web, your presence in your market? Automationâs great and you definitely should automate, but then thereâs also times to be that personalized touch. So when things are slow, what arenât your competitors doing? If theyâre leaning really heavy where they canât talk to a person at all maybe you should go to what we call the âtake request model,â where weâre automating things, weâre pre-qualifying, and then weâre setting, you know, a couple days and times. But before an appointmentâs approved, you get to talk to that lead. And really what youâre doing, youâre leveraging yourself. You introduce yourself, you say why youâre great and youâre market maybe some key differentiators. And then you schedule an appointment. And you do a couple things. What I like to say is youâre doing whatâs called a vibes test just to make sure both of you are, you know, a good fit, rather to rent the property and that type of stuff. And also youâre making sure they have a heartbeat. Making sure, you know, if youâre using self-guided tours, itâs another security layer to everything. Because at the end of the day, Iâm a big fan of itâs the, a book called Rework by the guys who created Basecamp. And the whole philosophy is that itâs not that in a world where people saying, âI need more of this,â whether itâs âI need more leadsâ or âI need more tools,â itâs more utilizing the tools that you already have more efficiently. So when we look at things like lead flow, maybe itâs not necessarily a top of the funnel problem, itâs more of a bottom of the funnel conversion problem. And then when you use personalization to a lot of interesting ways, like I mentioned.
[00:18:04] Jason: So one of the things that I think is happening a bit throughout the US and Iâve had some podcast guests touch on this, is that in some marketsâ and Iâve heard some some property managers anecdotally share this with me as wellâ theyâre having a difficulty getting tenants because the inventory as a result of the pandemic just went up, skyrocketed. A lot of people are like, âHey, letâs build, letâs create a bunch of investments.â Now thereâs a surplus of inventory and that creates a scarcity of tenants, and so theyâre having to get a little bit more aggressive. What strategies Have you guys seen, or you know, because youâre connected to a lot of people that are doing leasing, how are they becoming more attractive to tenants than their competition?
[00:18:48] Tim: You want to start or? So thereâs a lot of different things out there, like different solutions, whether itâs providing something like a benefits package to your residents, things like that really making your listings stand out. If itâs better photography, if itâs better marketing in general for stuff. But generally speaking, we are kind of seeing that trend as well, where days on market are expanding a little bit. Itâs kind of a trend thatâsâ we were kind of in a goldlock zone for the last couple of years with rentals. Like itâs been amazing and pre covid it wasnât ever really like that either. Like that weâre kind of seeing the ebbs and flows of the market, and thatâs just natural in real estate. So, weâre coming back to the time where people are like, kind of hunkering down and making sure that their properties are as good as they can be to really attract the best tenants for them. So while there might be a few extra days on market, thereâs a couple things you can do around there. Like Larryâs saying, adding those personal touches in there. Setting up notifications so that as soon as someone gets to the property, you can still have that personal touch by making a phone call as soon as you can see they got into the property. Or if maybe some people are doing a few more in-person showings, if thatâs the case. Generally speaking, thatâs putting more time on the property as well, which, like we talked about, costs opportunity costs.Â
[00:20:00] If you got the team to do that, and thatâs kind of their role as a leasing agent or whatnot, great. They can have that personal touch and then go a little bit further with them. But if youâre also focused on self showings having that additional personal touch, some additional marketing on the property or whatnot, I can kind of help draw that process out a little bit sooner. And really with our system, it. We really try to provide as much immediacy as possible. So when someone sees a listing on a site like Zillow, for instance theyâre clicking request information. Weâre sending them an email right away that they have the opportunity to come into Tenant Turner and click a link and schedule a tour right away. If theyâre calling into us, theyâre not going to a voicemail. Theyâre going to be sitting there waiting three days for someone to respond to. I know thatâs a trend of the industry. A lot of people have massively filled inbox inboxes that they just canât handle. So tenant leads never hear back from anyone because they kind of pick and choose. Weâre responding to every single one of those leads as they come in and making sure that immediacy is really driving that engagement.Â
[00:20:59] So if we keep that engagement up for everyone the goal is that, generally speaking, that alone will really help drive. Whatâs, I think thereâs a statistic out there? If you respond within five minutes, generally speaking, youâre going to get 80% more acceptance in terms of a conversation. Yeah. Thereâs that click or an actual phone call, things like that, like providing that immediacy is a massive, and it goes a long way for impressing tenant leads on the consumer side, but also in, in business. We all know B two B sales and even BDMs like calling their owners. As soon as you see a click on a website, you want to call them. So we want to keep that trend going on our side as well.Â
[00:21:33] Jason: Yeah, this is the TikTok generation man. They have attention spans of like two minutes, you know, itâs like really short. So I love these ideas. So pushing owners to improve the property I think is a great strategy. Increasing your availability and your responsiveness and that immediacy, quick, beat, slow for sure in business. Increasing the ease Tenent Turner helps with. And then making sure that you are able to be super responsive within the first five minutes. So yeah. Love it. All right, cool. What else should we chat about related to scaling up your process during the busy season? Did we miss anything?Â
[00:22:12] Larry: We got it. I know typically the elephant in the room, so a lot of times, you know, self-guided tours is the golden child of, you know, why you should consider it and how itâs helpful, whether itâs busy or slow and this, that, and the other. But one of the things that we had is for people that arenât using it and itâs like, âI would never consider that or Iâm scared to use this or I can never get owner buy-in.â And thatâs kind of always the elephant in the room. I know Tim, you have some very interesting data of, you know, while, you know, like anything in business there are inherent risks, but as business owners every day we are willing to kind of, you know, improve or, you know, try to tackle these risks. And thereâs usually a potâ not all the time, but you know, a pot of gold can be waiting for you. So was there any data that you wanted to share, Tim?Â
[00:22:56] Jason: Before we get into that, letâs kill that objection real quick. because I hear this all the time too. So I say, âHey, maybe you should be using Tenant Turner or something like this,â and they say, âwell, I donât want to do lock boxes.â And my response is, âyou donât have to.â like, thereâs a lot of benefits besides that piece. In fact, thereâs plenty of benefits besides that piece. And so maybe you can address that real quick and then we can talk about is that even really a valid concern or not? And are there markets that are better for lockbox versus others? Some are like, âI can never do that in my market. Iâll have squatters all over the place.â you know, theyâre concerned. So letâs address that, that elephant in the room.Â
[00:23:34] Tim: Yeah. I mean, at the end of the day, you guys know your properties best. Youâre going to know which areas might have a high potential for negativity happening. Whether itâs someone coming in and stealing wires, the horror stories of people stealing appliances and stuff like that. At the end of the day, if someone wants to do something bad, A lockbox or a keyless lock isnât necessarily going to stop someone in that scenario, right? We all know areas where people arenât afraid to break a window and get in, steal a refrigerator. Like the fact that a property isnât known to be vacant is a big enough red flag alone that most people that want to do something nefarious will go ahead and do it. But at the same time on our side of things, if we can block as many of those instances as possible with our abilities to kind of keep track of known scammers and squatters and things like that. Weâve got some stuff built into our system, but really at the end of the day, if someone wants to do something bad, itâs going to happen. But generally speaking, most people that are doing showings, that type of scenario, if youâre, you know, your area, if youâre doing your own kind of awareness inspections periodically and youâre on top of the property yourself, we barely hear of any instances of negativity happening with those scenarios. Like self showings, we can come up with the horror stories, but at the end of the day, in our experience, they are really few and far between and weâre not having major issues, at least more than what you would on average. See, with any property thatâs being marketed, itâs vacant. Like thatâs, itâs going to happen.Â
[00:24:56] Jason: And thereâs some serious advantages because, I would imagine the best defense, period, against all of those type of problems is just getting it leased out as quick as possible. Yep. Itâs decreasing vacancy, and so if a lockbox can help them get into it right away, get a showing right away, whatever, decreasing the vacancy time is probably your best, you know, defense.Â
[00:25:18] Sarah: Yeah. The other thing Iâll add to this too, is if there are people who are kind of scoping out the property and they notice, hey, like every Tuesday at six oâclock people come and then thatâs it. Theyâre not going to come at Tuesday at six oâclock. Theyâre going to come at other times. Yeah. So if we do have a lockbox on it, and now we donât really know, like when people are going to come because theyâre coming whenever is like convenient for them. So it might be earlier in the morning or in the afternoon or late at night. We donât know for sure. Thereâs not so much predictability in the schedule. So I think thatâs something that would help as well is if thereâs someone whoâs â Hey, that house over there is vacant. Letâs like check that out.â But they consistently see people in and out of it, that is a little bit of a deterrent as well, because you never know, like, âHey, if I go over there because I want to steal that refrigerator, am I walking into someone whoâs already there?
[00:26:14] Jason: Now you can not have a big old sign on the property out front that says, âHey, this is vacant right now. Do you want to see this?â You know, but you can still market it online without like giving out the address until theyâre ready to do a showing probably.Â
[00:26:29] Larry: Yeah, so thereâs some kind of tips and tricks that weâve found. So one thing is not advertising it as a self-guided tour. If youâre going to use verbiage in the marketing description, use contactless showing. Because that could mean virtual tours, it could mean other things. But really for us, I like to describe ourselves as a closed loop system. because usually leads are only interacting with our platform if they find out through your website or through a syndication site. So it makes it much more harder to shop for homes because they really donât know, you know, but if they inquire, then thatâs when the automation will engage. Some interesting things, you know, kind of like Sarah said, one thing deterrent is they see activity, but you know, we find that a lead isnât going to put a government Id answer some questions and go through this process. Why would they do that when they could just go to the front door? You could go to YouTube and learn how to pick a lock and under five minutes, and then no oneâs going to know Iâm on the radar. Itâs so much easier to do that. Especially in the age of TikTok. Iâm sure thereâs a TikTok, within two minutes or less youâll learn how to pick a lock or pop open a lockbox or something like that too.
[00:27:34] Sarah: Or break a window.Â
[00:27:35] Larry: Or break a window.Â
[00:27:37] Jason: Yeah, itâs a little bit quicker probably. All right, cool. So, how can people get in touch with Tenant Turner and reach out to you guys?Â
[00:27:48] Larry: Yeah, so obviously if they want to learn a little bit about our services, tenantturner.com. My nameâs Larry, larry@tenantturner.com. Feel free to email me directly. I kind of deem myself as a software nerd so you know, any questions about whether you use this or not, thatâs fine. You know, Iâm always happy to share tips and tricks of how to automate your process, so thatâs kind of how you learn some more.Â
[00:28:12] Tim: So Larryâs on the sales side of things for tenant Turner. Iâm on the marketing side too, so if you ever need any additional materials or data and statistics around the self showings, if you want to help market to your owners and whatnot, if youâve already signed up with Tenant Turner, happy to kind of jump on that side of things. You can email me at tim@tenantturner.com.
[00:28:26] Jason: Awesome. Iâm sure thatâs a big part of it is really if they understand how to sell it to their clients, then thatâs probably the biggest hurdle. Is just being able to confidently say, hereâs why this is a good idea and how itâs going to benefit you and to sell them on it. So, awesome. Well itâs been great having you both here on the show. We appreciate Tenant Turner. We get great feedback on tenant Turner from our clients, so weâve always felt very confident pushing our clients towards you as one part of their growth strategy and and I hope you guys have an awesome week.Â
[00:28:59] Larry: Thanks. You as well. We appreciate you guys and thanks for including us.
[00:29:02] Jason: All right. So if you are a property management entrepreneur that is wanting to grow your business, reach out to Tenant Turner and make sure you reach out to DoorGrow. We are really good at helping our clients scale if you feel like you need more doors to be able to afford Tenant Turner or to be able to justify tenant Turner. Weâre really good at helping people do that. Anything else we should add? I donât think so. Letâs tell them to join our Facebook group. Join our Facebook group.Â
[00:29:28] There you go. DoorGrow club.com. Join our Facebook group community. We have some free stuff in there. Until next time, to our mutual growth. Bye everyone.Â
[00:29:37] Jason Hull: You just listened to the #DoorGrowShow. We are building a community of the savviest property management entrepreneurs on the planet in the DoorGrowClub. Join your fellow DoorGrow Hackers at doorgrowclub.com. Listen, everyone is doing the same stuff. SEO, PPC, pay-per-lead content, social direct mail, and they still struggle to grow!Â
[00:30:04] At DoorGrow, we solve your biggest challenge: getting deals and growing your business. Find out more at doorgrow.com. Find any show notes or links from todayâs episode on our blog doorgrow.com, and to get notified of future events and news subscribe to our newsletter at doorgrow.com/subscribe. Until next time, take what you learn and start DoorGrow Hacking your business and your life.
Enjoyed this episode on how to rework your leasing process? Get equipped with more content like it by exploring past episodes of the #DoorGrowShow.
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