The Real Cost of Fast Tracked Leasing
We’ve all heard the saying “You have to spend money to make money.” So ask yourself…is it worth $160K to generate over $2.9 million of new revenue for your property? Yes, we thought so too. Let’s start with what fast tracked leasing is. Fast tracked leasing is a plan to accelerate the progress of your current leasing and marketing plans. A good fast tracked leasing campaign will include:
• A personalized leasing and marketing plan centered around your company’s needs
• A highly trained, skilled and knowledgeable leasing specialist
• A comprehensive market profile that specifies the most efficient leasing strategies for your property
• A clear outline of your leasing goals
We are often tasked with answering the obvious question, “How much will fast tracked leasing cost me?” The real question is how much will money will fast tracked leasing make you? Our fast tracked leasing programs cost, on average, are 4 – 6% of the total revenue per year that we add to our clients bottom line. Let’s break it down with actual number and real results.
Market Units Leased Duration Revenue Earned Enchill PMC Fee
- Alabama Student Housing 304 80 days $2.9 million $160,000
- California Student Housing 529 154 days $4 million
- Virginia Conventional 120 30 days $1 million
- Texas Student Housing 36 8 days $225,000 $11,000
**NOTE: Pricing vary based on your property’s rental rate. We are able to customize services to fit in your budget**
In addition to the initial revenue increases, residents who renew will increase the cost benefit as a result of Enchill PMC engagement and will make the property even more profitable.
Do you want a more in depth understanding of Enchill PMC fast tracked leasing benefits? Call us to schedule your consultation!