Key Benefits of Virtual Tours in Property Management

(open the image to full size and drag your mouse around to explore the 3D tour)


Looking for a way to make your property stand out from the crowd? Realtor.com statistics report that listings with virtual tours receive 87% more views than listings without tours (including those with still photos alone), and that 54% of buyers who use the site will not look at properties that don’t include virtual tours. 

We have found that one of the most effective ways to showcase properties is through 360 tours (also known as virtual tours). These virtual tours were are especially important during COVID-19 when in-person property tours were limited and for the most part, the benefits are here to stay. Why not just use high-quality photographs? Standard images are two dimensional, whereas 360 tour images allow the prospect to turn around, look down, zoom in and move through a property to understand the flow. 

Here are the key benefits of virtual tours in property management: 

Time-Saving 

When you are marketing a property and listing it for sale or rent, you can receive many inquiries. However, meeting everyone personally is difficult and places heavy pressure on your time and resources. With a virtual tour, you can help your potential clients see the property and have a real feel of the property. Seriously interested prospects will get in touch with you. This way, you will be able to shortlist your inquiries and lay your focus on people who are genuinely interested in closing the deal. 

Cost Cutting 

‘Time is Money’ is a well-known saying. For all your marketing, leasing, management, and supervision operations, you can save your time through the use of virtual tours. When you save time, you are also saving money on fuel you’ll spend on driving to and from to meet your clients. Besides, you are also able to invest your money and time on more productive operations. All you need to do is upload the 360 tour and let your clients evaluate their needs and aspirations. 

Effective Inspection 

Times have changed with a swift transformation to a digital era. Rentals are also switching over to virtual visits and digital inspections to save time and money while having a realistic experience before actually being there. Property Managers use technologies like 360 videos, live inspection through video calling applications, and 360 walkthroughs to showcase the property to potential tenants. This gives an accurate idea of property size, layout, and condition. 

Convenient Entry Condition Report  

Entry condition reports are the records that cater to the property’s actual condition and its amenities. This includes furniture, fittings, wall conditions, lights, windows, power points, security systems, and much more. So, generating such a report through virtual tours in conjunction with the written report helps the Property Managers spent at least one hour less in the property on taking photos. 

Improved Leasing Efficiency 

Virtual tours have proved to be a blessing for leasing staff and prospects. It offers an excellent and on-demand experience to clients. It also puts fewer efforts on the leasing staff with enhanced productivity and gives them another sales tool to differentiate themselves from the competition. With virtual tours, they can skyrocket the leasing efficiency of their businesses. 

Absorb a Realistic Experience  

Virtual property tours easily and conveniently give you an option to manage, sell, or rent a property while helping potential clients access the tour anytime from anywhere. It gives tenants, or property buyers an opportunity to assess floor plans, dimensions, positioning of furniture, choosing color combinations, changing patterns, and evaluating floor coverings. 

Improved Efficiency of Real Estate Business 

When considering the administrative tasks and functioning of real estate business, Virtual Tours have made a significant mark. It helps property management businesses improve the service quality and process efficiency through this amazing technological innovation. VR as a game changer innovation also helps in streamlining administrative tasks and attain full transparency for your owners, tenants and staff. 

Better Decision Making for Significant Renovation 

At a site when a renovation is needed, virtual tours are able to give an access to each and every position of the property. The spacing, the positioning of the furniture, the structure or design of the footpath, the architecture of the backyard, or the placement of the air-conditioning unit can all be easily assessed and evaluated through virtual tours to send signals for renovations if required. This makes it so easy for builders and property management businesses to execute customized renovations based on individual needs. 

 Stronger Bonding with Landlords 

When it comes to connecting with landlords, there are many issues and concerns that are faced on a day-to-day basis. However, with virtual tours it has become easy, convenient, and hassle-free to make the landlords aware of the existing condition of their respective property. Through the 360 tours, landlords are able to judge and analyze the actual condition so that further decisions of placing the property for sale, rent, or mortgage can be put into consideration. This, in turn, creates complete transparency and stronger bonding with landlords. 

 Better Field Service 

Virtual tours are substantial when it comes to field service. With this technology, property managers are not required to visit various sites for field service. Through the 360 virtual tours they are easily able to see exactly what the property looks like and make a wise assessment. With just a physical point of difference, it makes the process of field service so convenient, time saving, and fruitful. 

For more information in Sarasota County, Florida and Charlotte County, Florida, please give us a call. We are 360 virtual tour specialists and can handle all your property management photographic needs. Click here for more information.