The lengthy process of scheduling a traditional house tour and renting a property can be a nightmare for renters, homeowners, and property managers. The good news is that technology has given rise to a solution to this real estate problem: Self-tours.
Self-tour tech is becoming a norm for showing houses. Onerent’s data shows that 25 percent of its owners have shifted from traditional guided tours to Self-tours—and the number continues to rise.Property management and real estate companies have opted for this new rental property software. That said, what makes Self-Tours the best choice for real estate investors?
What are Self-tours?
Self-tours enable prospect renters to see properties without the help of an agent. All a prospect has to do is book a Self-tour online and go see the home as scheduled. The property’s key is kept in an electronic lockbox, which is accessed by keying in the serial code on a web page or app.With more and more prospects looking for faster ways to lease homes, Self-tours help make leasing more efficient and convenient for everyone. In fact, a survey by Entrata in 2018 said that apartment hunters prefer more efficient ways to view properties than guided tours. Onerent data also reveals 56-percent of renters prefer a digital experience when renting, making Self-tours an opportunity for real estate investors.
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Property managers, leasing agents, and owners have also shifted to Self-tours for their properties to get higher ROI. Self-tour homes are more convenient and easier to book than other types of house tours. The more viewings a property has, the more opportunities to fill the vacancy fast.
But despite the promise of convenience and better returns, there is still some skepticism around this new tech.