{"id":19715,"date":"2021-07-26T12:04:42","date_gmt":"2021-07-26T02:04:42","guid":{"rendered":"https:\/\/messagemedia.com\/au\/?post_type=case-studies&#038;p=19715"},"modified":"2024-03-19T05:09:39","modified_gmt":"2024-03-19T05:09:39","slug":"sms-for-realtors-nps-boost-for-property-management-business","status":"publish","type":"case-studies","link":"https:\/\/messagemedia.com\/au\/case-studies\/sms-for-realtors-nps-boost-for-property-management-business\/","title":{"rendered":"Property Brokers use SMS to grow NPS score 103%"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">The company<\/h2>\n\n\n\n<p><a href=\"https:\/\/www.propertybrokers.co.nz\/\" target=\"_blank\" rel=\"noreferrer noopener\">Property Brokers<\/a> is a national real estate business and property management company in New Zealand. Beginning as a family operation in 1986, they now boast over 80 branches, 6,500 properties and over 100 property managers. They focus on property in provincial and rural areas, which has helped them do over $4B NZ sales per year.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><img decoding=\"async\" src=\"https:\/\/messagemedia.com\/wp-content\/uploads\/sites\/legacy-urls\/Property-Brokers-Brand-Design-by-Voice-Brand-Agency-2-1024x682.jpeg\" alt=\"\" class=\"wp-image-19756\" style=\"width:415px;height:277px\"\/><\/figure>\n<\/div>\n\n\n<p>Property Brokers has been using <a href=\"https:\/\/www.getpalace.com\/nz\/\" target=\"_blank\" rel=\"noreferrer noopener\">Palace<\/a>\u2019s property management software to help them manage communications across their portfolio of properties. Property Brokers&#8217; former General Manager Will Alexander considers it a pillar of stellar property management in New Zealand.<\/p>\n\n\n\n<p class=\"has-very-light-gray-background-color has-background\"><strong>RELATED:<\/strong> Learn how else Palace helps its property management clients <a href=\"https:\/\/messagemedia.com\/au\/case-studies\/sms-property-management-improves-tenant-agent-communications\/\">improve agent-tenant communications with text messaging.<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><br>The challenge<\/h2>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>SMS is a no-brainer.<\/p>\n<cite>Will Alexander, former General Manager, Property Brokers<\/cite><\/blockquote>\n\n\n\n<p>Text messaging has long been a staple of real estate property management. Alexander has been working on tightening up operations by looking for opportunities to amplify engagement and efficiencies. Text messaging has played a part in helping to streamline operations.<\/p>\n\n\n\n<p>Understanding the way your end-consumer (in this case, tenants) operates and communicates is critical. According to Alexander, \u201cwe live on our phones now,\u201d and smart businesses have adapted accordingly. However, Alexander believes the number one business complaint is still poor communication. Getting it right is important &#8211; and optimising your communications strategy for smartphone use is key to success.<\/p>\n\n\n\n<p>Text messaging has proved more reliable for property managers than letters or emails, which are not nearly as instantly received. It\u2019s a communication flow that customers recognise and are in tune with. For Property Brokers agents, sending an SMS to a large group of tenants is quick and easy.<\/p>\n\n\n\n<p class=\"has-very-light-gray-background-color has-background\"><strong>RELATED:<\/strong> Find out how this real estate business uses a single text campaign to drive <a href=\"https:\/\/messagemedia.com\/au\/case-studies\/grow-property-sales-500x-roi-sms-for-real-estate\/\">500x ROI in sales<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><br>The solution and use cases<\/h2>\n\n\n\n<p>SMS is used to supplement any email or letter communications but can also have its own use cases. The main ways property managers use text are for key events throughout the property or tenancy cycle such as:<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Rent arrears (late or unpaid rent)<\/h4>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" width=\"513\" height=\"266\" src=\"https:\/\/messagemedia.com\/wp-content\/uploads\/2021\/07\/Phone-template-A-Property-Brokers-case-study.jpg\" alt=\"An image showing an example SMS that a property manager might send\" class=\"wp-image-19719\" srcset=\"https:\/\/messagemedia.com\/wp-content\/uploads\/2021\/07\/Phone-template-A-Property-Brokers-case-study.jpg 513w, https:\/\/messagemedia.com\/wp-content\/uploads\/2021\/07\/Phone-template-A-Property-Brokers-case-study-300x156.jpg 300w\" sizes=\"(max-width: 513px) 100vw, 513px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"has-light-green-cyan-background-color has-background\"><strong>TEMPLATE:<\/strong> <br>Hi <span class=\"has-inline-color has-vivid-cyan-blue-color\">#NAME#<\/span>, just a friendly reminder that your rent is now overdue! Please pay here: <span class=\"has-inline-color has-vivid-cyan-blue-color\">#URL#<\/span><\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Inspections<\/h4>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" width=\"513\" height=\"266\" src=\"https:\/\/messagemedia.com\/wp-content\/uploads\/2021\/07\/Phone-template-B-Property-Brokers-case-study.jpg\" alt=\"An image showing an example SMS that a property manager might send\" class=\"wp-image-19720\" srcset=\"https:\/\/messagemedia.com\/wp-content\/uploads\/2021\/07\/Phone-template-B-Property-Brokers-case-study.jpg 513w, https:\/\/messagemedia.com\/wp-content\/uploads\/2021\/07\/Phone-template-B-Property-Brokers-case-study-300x156.jpg 300w\" sizes=\"(max-width: 513px) 100vw, 513px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"has-light-green-cyan-background-color has-background\"><strong>TEMPLATE:<\/strong> <br>REMINDER: We are scheduled for a routine inspection at <span class=\"has-inline-color has-vivid-cyan-blue-color\">#ADDRESS#<\/span> tomorrow at <span class=\"has-inline-color has-vivid-cyan-blue-color\">#TIME#.<\/span> If you need to reschedule, please call #NUMBER#.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Notice to vacate<\/h4>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" width=\"513\" height=\"266\" src=\"https:\/\/messagemedia.com\/wp-content\/uploads\/2021\/07\/Phone-template-C-Property-Brokers-case-study.jpg\" alt=\"An image showing an example SMS that a property manager might send\" class=\"wp-image-19721\" srcset=\"https:\/\/messagemedia.com\/wp-content\/uploads\/2021\/07\/Phone-template-C-Property-Brokers-case-study.jpg 513w, https:\/\/messagemedia.com\/wp-content\/uploads\/2021\/07\/Phone-template-C-Property-Brokers-case-study-300x156.jpg 300w\" sizes=\"(max-width: 513px) 100vw, 513px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"has-light-green-cyan-background-color has-background\"><strong>TEMPLATE: <\/strong><br>Friendly reminder that your keys for <span class=\"has-inline-color has-vivid-cyan-blue-color\">#ADDRESS#<\/span> are due back at our office on <span class=\"has-inline-color has-vivid-cyan-blue-color\">#DATE#<\/span>. We are open 9 &#8211; 5. Thanks!<\/p>\n\n\n\n<p>There are many other use cases outside of these, including property maintenance requests or lease renewal reminders. An added benefit of using SMS through a CRM is supporting property management firms and real estate agents in legal disputes. Records of any text communications are kept in the system.<\/p>\n\n\n\r\n  <div class=\"cta  bg-light rounded my-4\">\r\n    <div class=\"row justify-content-center align-items-center\">\r\n      <div class=\"col-md-6\">\r\n        <div>\r\n          <h2 class=\"mb-4\">\r\n            Make managing tenant communications easy.          <\/h2>\r\n\r\n          <p class=\"mb-4\">Start sending SMS for real estate.<\/p>\r\n\r\n                      <div class=\"btn-group mb-0\">\r\n              <a href=\"https:\/\/messagemedia.com\/au\/industries\/sms-for-real-estate\/\"  class=\"btn btn-secondary btn-sm mb-3  \" >Get a free trial<\/a>            <\/div>\r\n                  <\/div>\r\n      <\/div>\r\n      \r\n        <div class=\"col-md-6 text-center\">\r\n            <img decoding=\"async\" class=\"img-fluid\" width=\"640\" height=\"535\" src=\"https:\/\/messagemedia.com\/wp-content\/uploads\/2024\/02\/Signup.webp\" alt=\"Image for Make managing tenant communications easy.\">\r\n        <\/div>\r\n          <\/div>\r\n  <\/div>\r\n\r\n  <style>\r\n    \/* todo move this to cta scss *\/\r\n    .longform-content .cta {\r\n      padding: 3rem !important;\r\n      background-color: rgb(235, 238, 240) !important; \/* bg light *\/\r\n      border-radius: 1rem !important; \/* rounded 3 *\/\r\n      margin: 1.5rem 0; \/*my-4*\/ \r\n    }\r\n  <\/style>\r\n\r\n\n\n\n<h2 class=\"wp-block-heading\">The results<\/h2>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>SMS works well, in the busy, busy world that we all live in. It&#8217;s just for the right type of communication. It&#8217;s a fantastic tool.<\/p>\n<cite>Will Alexander, former General Manager, Property Brokers<\/cite><\/blockquote>\n\n\n\n<p>Rental Arrears: Collecting rent that\u2019s unpaid dropped from 3% to 1.7% thanks to friendly text reminders when overdue. Compared to email or letters, SMS is delivered straight away and is more likely to prompt a tenant to pay quickly.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" width=\"670\" height=\"363\" src=\"https:\/\/messagemedia.com\/wp-content\/uploads\/2021\/07\/Infographic-1-Property-Brokers-case-study.jpg\" alt=\"RESULTS INFOGRAPHIC: SMS\u2019s Direct Contribution To Business Success\n\nRental arrears 43% decrease\n\nVacancy rates 4 day average\/25% decrease\n\nInspection completions 27% increase\" class=\"wp-image-19722\" srcset=\"https:\/\/messagemedia.com\/wp-content\/uploads\/2021\/07\/Infographic-1-Property-Brokers-case-study.jpg 670w, https:\/\/messagemedia.com\/wp-content\/uploads\/2021\/07\/Infographic-1-Property-Brokers-case-study-300x163.jpg 300w\" sizes=\"(max-width: 670px) 100vw, 670px\" \/><\/figure>\n<\/div>\n\n\n<p><strong>Vacancy Rates:<\/strong> Dropping from 2% to 1.5%, they can now fill a rental property in just 4 days on average. Automated text reminders gently guide tenants towards fulfilling their leaving requirements. This makes for a seamless transition so agents are able to present the property to new renters quickly.<\/p>\n\n\n\n<p><strong>Inspection Completions:<\/strong> On average, 90% of inspections (up from 71%) are now completed, per month, thanks to text reminders. This is a huge win as 2,500 inspections are required over this time period. While tenants are often notified two weeks before, a simple reminder one day before ensures greater attendance and awareness. It also mitigates the agent\u2019s exposure to potential insurance claims as insurers are stringent about inspection frequency.<\/p>\n\n\n\n<p class=\"has-very-light-gray-background-color has-background\"><strong>RELATED:<\/strong> Understand how a real estate marketing agency uses text messaging to <a href=\"https:\/\/messagemedia.com\/au\/case-studies\/real-estate-texting-service-captures-sales-for-property-marketing-agency\/\">lift sales and improve response rates<\/a>.<\/p>\n\n\n\n<p><strong>Internal efficiencies:<\/strong> Alexander believes technology can help streamline the property management process through its scalability. Saving 5 seconds per communication by using texts makes for a \u201csignificant difference.\u201d<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>Granted there are policies and procedures that guide people, but tools like SMS have enabled us to execute all these strategies in the results. You look at any part of the business and the results have improved.<\/p>\n<cite>Will Alexander, former General Manager, Property Brokers<\/cite><\/blockquote>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" width=\"670\" height=\"289\" src=\"https:\/\/messagemedia.com\/wp-content\/uploads\/2021\/07\/Infographic-2-Property-Brokers-case-study.jpg\" alt=\"RESULTS INFOGRAPHIC: \n\nSMS\u2019s Contribution to Business Success\n\n35% YOY growth\n$8.9M commission from sales\n65 NPS score (5x the industry average)\" class=\"wp-image-19723\" srcset=\"https:\/\/messagemedia.com\/wp-content\/uploads\/2021\/07\/Infographic-2-Property-Brokers-case-study.jpg 670w, https:\/\/messagemedia.com\/wp-content\/uploads\/2021\/07\/Infographic-2-Property-Brokers-case-study-300x129.jpg 300w\" sizes=\"(max-width: 670px) 100vw, 670px\" \/><\/figure>\n<\/div>\n\n\n<p>Overall business contribution: Text messaging also plays a part in contributing to the business\u2019 overall success including:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>35% YOY growth<\/li>\n\n\n\n<li>Increased referrals between departments<\/li>\n\n\n\n<li>$8.9M NZ in commission from property sales<\/li>\n<\/ul>\n\n\n\n<p>Customer satisfaction has also lifted 103% over the past three years to a 65 Net Promoter Score (NPS). Alexander attributes this in part to text messaging which has played a huge part in improving communication with clients. <a href=\"https:\/\/www.perceptive.co.nz\/hubfs\/Resources_and_Articles\/Inbound_Resources\/nps-benchmarks\/pdfs\/NZ_NPS_Industry_Benchmarks.pdf?hsCtaTracking=67e16426-c1ff-4798-a0d6-16173a655611%7Ca221276a-1adc-451b-9308-f9b8c7c0aa78\" target=\"_blank\" rel=\"noreferrer noopener\">As the real estate industry average NPS is -15<\/a> according to Perceptive, Property Brokers is \u201creally proud of\u201d leading a much better way forward.<\/p>\n\n\n\n<p>For Alexander, until a more robust and reliable communication alternative appears, Property Brokers will continue to use SMS because it works.<\/p>\n\n\n\r\n  <div class=\"cta  bg-light rounded my-4\">\r\n    <div class=\"row justify-content-center align-items-center\">\r\n      <div class=\"col-md-6\">\r\n        <div>\r\n          <h2 class=\"mb-4\">\r\n            Automate communications to deliver the best service.          <\/h2>\r\n\r\n          <p class=\"mb-4\">Set and forget with SMS reminders.<\/p>\r\n\r\n                      <div class=\"btn-group mb-0\">\r\n              <a href=\"https:\/\/messagemedia.com\/au\/use-cases\/sms-for-appointment-reminders\/\"  class=\"btn btn-secondary btn-sm mb-3  \" >Start with a free trial<\/a>            <\/div>\r\n                  <\/div>\r\n      <\/div>\r\n      \r\n        <div class=\"col-md-6 text-center\">\r\n            <img decoding=\"async\" class=\"img-fluid\" width=\"640\" height=\"535\" src=\"https:\/\/messagemedia.com\/wp-content\/uploads\/2024\/02\/Signup.webp\" alt=\"Image for Automate communications to deliver the best service.\">\r\n        <\/div>\r\n          <\/div>\r\n  <\/div>\r\n\r\n  <style>\r\n    \/* todo move this to cta scss *\/\r\n    .longform-content .cta {\r\n      padding: 3rem !important;\r\n      background-color: rgb(235, 238, 240) !important; \/* bg light *\/\r\n      border-radius: 1rem !important; \/* rounded 3 *\/\r\n      margin: 1.5rem 0; \/*my-4*\/ \r\n    }\r\n  <\/style>\r\n\r\n","protected":false},"author":1,"featured_media":19717,"menu_order":27,"template":"","meta":{"_acf_changed":false,"popular":false,"coming_soon":false,"link":"","footnotes":""},"class_list":["post-19715","case-studies","type-case-studies","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SMS For Realtors: 103% NPS Score Boost For Property Management Busines Australia<\/title>\n<meta name=\"description\" content=\"Better manage tenants and internal ops with text communications. Learn how Property Brokers use it across their business and to keep renters on track. Australia\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/messagemedia.com\/au\/case-studies\/sms-for-realtors-nps-boost-for-property-management-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SMS For Realtors: 103% NPS Score Boost For Property Management Busines\" \/>\n<meta property=\"og:description\" content=\"Better manage tenants and internal ops with text communications. 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