Internet Marketing for Letting Agents

Hi again and welcome to the second installment of internet marketing tips for letting and estate agents. Last week I discussed all things Pay per click and weighed up the pros and cons of investing your marketing dollar into paid search advertising. This week I planned on continuing discussion on search but after the last blog was covered by Agent Media over in the UK I came across a great post on how to use Facebook for agencies and wanted to delve into this area further as I have read a LOT of literature on the topic of social networks.
 
        image   
Image courtesy of Mashable
The blog mentions that the majority of company pages fail as they don’t understand or know what to do on the page and this is a point reinforced from a Digital Marketing talk I attended in April from Avril Fagan the head of digital at Sage Ireland. When it came to social media and social network sites such as Facebook the question was asked should a brand do it or not? There is no right or wrong answer according to Avril but the important thing to note is if your going to do it , do it right and commit to it or as she described ‘once your in there is no going back!’. And that’s where this list can really help letting & estate agents setting up and maintaining their Facebook page.The list provided in the blog above covers everything you need to or can do when setting up your Facebook. Below I want to discuss in general how an agency might use Facebook to maximise your return on investment.
     image
Image courtesy of Alltopstartups.com 

If we take a second to think of why people use social network sites like Facebook we will quickly learn why you cant solely use it to promote your agency and its properties or services. People are there to build social relationships with others, so for a company or a brand to come in and attempt to directly advertise or connect with customers it can be difficult. The two main uses I identified from reading publications on the use of social networks like Facebook are customer service (information exchange, discussion, communication and participation) and Viral media opportunities which are actually closely linked to one another.       

So discussion is one of the main marketing benefits you can take from setting up a Facebook page for your agency, the more you engage the more people will find your page as they see there friends and colleagues have commented or shared items from your agency page. As Ian mentioned in the blog posting relevant questions and photos will encourage such activity- how to come up with this content is another days discussion but understanding the benefits of doing so is important. If your agency is showing up in a followers news feed (Where their friends see your brand) due to a like/comment/share on content from your page like a photo or video it adds credibility to the content as it is not directly from you. Research has shown that receivers of information related to a company are much more accepting when coming from a friend.

image

Once you build that social relationship with your followers it will become easier and easier to spread your content virally. Just look at Paddy Power above, although its completely different industry, they rarely ever advertise their services or odds on their Facebook. Instead it is full of humorous images and interesting statuses, quizzes, videos that people like and share every day, generating a huge buzz and a growing reach. So weather it is landlords, tenants or other property professionals your engaging with this is the type of strategy I think you should be aiming for, although it certainly isn’t easy to do!

Thats all for today, plenty more to get through with this topic so look out for more next week, dont forget you can click ‘like’ below to share onto Facebook or Twitter and let us know what you think.

by Rentview

Letting agency software

Infographic: The Dublin Rental market

With the rental market in Dublin approaching its busiest time of the year we take a look at the market and what is available.

image

Once again, a few quick notes on what we can take from this.

  • There is a huge supply of rental property in Dublin at the moment meaning the market is highly competitive for the agencies while tenants benefit from such a large supply with less demand. Interestingly enough I just checked Daft.ie to compare our figure as we created this early last week and they are identical, so not much movement for now.
  • Secondly, as expected Apartments are the dominant property type throughout the city, this is was obviously going to be the case in such a highly congested city with most house’s outside for the city having homeowners. Thankfully there is only 227 flats as I have a hatred towards them after my year long stay in Rathmines during college 🙂
  • Out of the 4756 properties currently on the market the majority (A total of 77.3%) are two and three beds, interestingly the number of 3 bed apartments available is just over three hundred less than two beds. 
  • Lastly we breakdown the amounts of properties available at the various and most comment rental prices, starting with the bargain hunter @ 0-€500 they have a limited selection of 146 rental properties. From there the number of properties gradually rises through the next two rent brackets and peaking during the €800-€1,100 bracket with over two thousand properties on the market in that price range.   

As always we would love to hear your feedback on this topic. 

Other property infographics –

The NPSRA & Licensed property services providers

Landlords and tenants infographic

by Andreas Riha

Increasing your property portfolio through the web

Having met with lots of different agencies over the last couple of months it appears that most, if not all agencies, are looking to expand and build their property portfolio for lettings and management. 

So how can your agency increase its property portfolio?

Attract more landlords to your agency

If you want to increase your property portfolio, you’ll need to attract landlords first. The easiest way to do this is to attract them to your website.   Your website should be the main port of call and act as a hub for activity. You need to have contact information clearly available on your website. Potential clients should be able to see 2 things from a quick glance at your website:

  1. what services you offer
  2. how to contact you

If you think about it, your website is like your international shop window. It could therefore gain you a lot of business. Equally, by not investing time effort (and some money) in a website, you are losing out on potential custom. After all, in today’s economic climate, landlords are increasingly based all around the world and these accidental landlords who may have initially rented the property prior to emigrating may now need assistance letting a property and/or managing one. New non-resident landlords are the customer most agencies are currently focusing their advertising towards. The non-resident landlord is most likely to take your full property management package and with property management software like Rentview, you are fully equipped to offer your landlords the ultimate management package.

Checklist

So it is very important to have your website:

  • looking well
  • regularly updated
  • attracting new visitors
  • analytics set up to track visitor trends
  • linked to your social media

increase-your-property-portfolio-with-social-media

Over the next few blog posts, I will take you through how to do all of this in some very easy to follow steps. All of these elements should help you to increase your property portfolio by harnessing the power of the web.