Real Estate

FaceTime inspections give tenants a headstart

Written by The ReReport
As seen in the Source link, written by on 2018-12-14 09:22:05

POTENTIAL tenants who once faced weekends trawling rental open homes across Geelong are getting a jump on the competition with FaceTime technology.

An executive-style $900-a-week waterfront property in Rippleside is one of several that’s recently been leased on the back of virtual inspections.

Release Property Management general manager Stacey Barker said the company carried out several FaceTime inspections on iPads every week for potential tenants that live outside the Geelong area.

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Ms Barker said with rental vacancies at their lowest level it was important to go the extra mile to retain quality tenants.

“For those people coming down from Melbourne they can’t come to opens so we offer FaceTime inspections, from our point of view it’s just what we do” she said.

“We’ve being doing it for about 18 months. It’s a great point of difference and a great way to connect with people that are not local.

“It means we get the first opportunity for the quality tenants.”

She said there was a screening process where potential tenants were carefully matched with suitable properties before FaceTime inspections were set up.

In the case of 7 Balmoral Cres, Rippleside, the new tenant was pre-approved for the $900-a-week rental property after a virtual tour and then physically inspected the four-bedroom house with bay views and a swimming pool.

Ms Barker said the tenant and his wife were moving down from Melbourne for great job opportunities.

Regional Victoria’s latest rental vacancy rate is 1.4 per cent, down from more than 3 per cent five years ago, according to Real Estate Institute of Victoria figures.

Ms Barker said, despite this, tenants were discerning about the quality of rental and looked for those with mod cons.

“The whole dynamics of the no-negotiables have really increased,” she said.

“Airconditioning is no long a nice to have, it’s a necessity.”