meathead awardWhat an interesting day I had today! I crossed over the resale line and took an International Relocation customer out showing her rental properties.

Now this may come off as a rant about property managers because that is exactly what it is! Rental property listings in our area are a total, unorganized mess. There is no one single resource to consult. Instead I have to surf the net looking at a variety of websites in hope of finding an appropriate property.

I must say, it's much better than it used to be. Once upon a time there were two resources 1) the local newspaper 2) a tank of gas.

Today sitting in front of the computer surfing is much sweeter than touring up and down streets looking for "rent signs." Yes, I can view the homes in bright living color, but that is where the convenience stops.

I discovered why most agents shun rental business.

  1. Most of the data online is outdated, incorrect and difficult to make contact
  2. Search functions can't be refined as specifically as I want
  3. No one site has a lion's share of the listings
  4. They (property managers) don't share info
  5. Return calls aren't timely
  6. Access to homes is difficult

Is this a good rant yet?

One young agent told me, "Well XXX company doesn't let Realtors show our homes. We show our homes to your client! BTW you can look on own website for a complete inventory."

"Really? No thank you." Me said.

I wonder if he ever stopped to consider I had a real live consumer in the car? A consumer who was paying me to assist her in finding a very, nice high end home.

The agent never asked my name, offered to assist with other properties nor did he inquire if I had all the info I needed. He just blew me off.

The other property I wanted to show was ironically a home I sold TWICE last year. My clients purchased it then got a great job elsewhere and left without ever moving in. I sold it again, now the buyers are off to who knows where.

Silly folks they should have called me, but no they have it listed for rent with yet another "management" company. This call was priceless.

Mind you, I'm sitting in the driveway of the property on Soaring Eagle when I call, because the contact number on the internet listing wasn't going through. So I DROVE all the way over there to grab a number off the sign.

The lady I reached after going through ALL THIS EXTRA WORK, told me to come back tomorrow at 4:30 when so and so would be holding the house open. HUH?

She proceeds to tell me all about the house, I stop her from wasting additional breath (in a nice way of course) and explain once more I'm VERY familiar with the house, after all I sold it not once but TWICE last year and know it would be Perfect for my client.

I happen to know there's a lock box on the frame of the front door and the home is vacant, "May we please go in?"

"Oh no!" she says, "You must come back tomorrow at 4:30!" End of conversation. Did she ask my name or contact info? No.

By tomorrow at 4:30 we will have decided on one or two of the multitudes of other properties currently for rent.

Is There A Solution? Yes!

Rants without a solution to the problem are nothing more than noise! So I would like to offer a solution, one that will serve both of our consumers.

  1. Don't assume anything. Ask what we need, who knows maybe you can help us!
  2. Rental homes should be showing ready on a few minutes notice. They are inventory just like homes for sale.
  3. Delete, purge and/or update your data. Wrong data just ticks people off.
  4. Lock boxes work on rental homes just as well as homes for sale.
  5. I am a Realtor. I know how to show a home, quite frankly I'd prefer you'd stay away, you only waste my time or get in the way.
  6. Use your head, a little common sense really goes miles...I'm sitting in the driveway for heaven's sake!
  7. Cooperation works. That's why the MLS is so successful. Try it, you might like it.

There's Always Room For Improvement, It's the Biggest Room in the House!

When things like this happen, it makes us all look bad. I think we should encourage our clients to "shop us" and with that knowledge we should be ever on our toes! Just the thought of it makes me want to write a list of how to improve.

Calling All Consumers...

Consumers, mystery shop your broker, property manager or agent. Be a consumer and see how you get treated.

I hope your experience is better than mine.

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P.S. Even though today's encounters were less than perfect, I did come across a few who really stood out doing their job and serving their customer. The few that didn't made everyone's life more difficult and left me scratching my head.

About the author: Krista Kraft is a Denver Realtor who specializes in helping clients find or sell their home. To search for Denver Homes visit the Denver Real Estate and Relocation website.

Kristal Kraft

Broker Associate, ABR, CIPS, CRS, GRI, ePRO, PMN, PNG
TheBerkshire Group, REALTORS
3801 E. Florida Ave., Suite 400
Denver, Colorado 80210
303-589-2022 ~ direct     303-953-5362 ~ fax

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22 Comments on Is Your Service Ready For a Mystery Shopper?

NOV
18
2008
135,739 Points 25 Featured Posts Outside Blog

Kristal,

Thanks for the laugh. I do not mean to be impolite about you day in the dark regions. But all the way through I kept thinking " is it really true? are there industries who have more inept indidviduals than Realtor's ?"

It must be true as I have seen similar problems here as well.

Some years back I thought they had the system fixed here. There were two competing companies that advertised all listings and kept the information on line. They charged no fee to the owners of these properties. The owner was free to advertise on thier own and only was asked to update the online company when they had rented out the property.

The company charged renters a fee to use the system. I guess the renters did not like the fee because the system is no longer availlable.

9:10am • #1
5 Featured Posts

I really appreciated you post Kristal. Especially the last part about letting Realtors do their job and staying out of their way. How is business for you fellow Realtor?

9:11am • #2
121,024 Points 1 Featured Post

Thanks for the post. Don't assume anything is one of the best solutions.

9:13am • #3
108,482 Points 3 Featured Posts

Showing rental properties can be time consuming and such a pain!  I'm sorry you had to deal with that.  Sometimes you wonder if they really want to get the property rented!  Our MLS has a rental section and that has been helpful, I am surprised Metrolist doesn't!

9:22am • #4
535,501 Points 52 Featured Posts Localism Sponsor Outside Blog

I wish some of these service companies would shop REO listers too.

Agreed re property management, been there and done the rentals!

9:50am • #5
192,154 Points 11 Featured Posts Outside Blog

KK, I thought rental listings were bad in my area. I really got a kick out of reading this post.

10:09am • #6
694,422 Points 145 Featured Posts Localism Sponsor Outside Blog Hit Router

KK - well you certainly spoke the truth. I do little with rentals for much the same reason. There seems to be a lack of customer service and concern, and the sense of urgency is lacking. Renters often are in need of moving quickly, yet gaining access to info and properties is a challenge in so many cases. And some places sure don;'t appear to be "renter ready." Those are some good solutions.

Jeff

10:24am • #7
51 Featured Posts

Ha!  I started out with rentals in 97.  Jonathan and I worked at the same place actually.  There was a lot of prep work involved.  It definitely wasn't as uniform as property sales, but I had some rewarding experiences doing it.

10:26am • #8
211,828 Points 2 Featured Posts Outside Blog

Most agents where above rentals when it was much easier to sell a house for what is signifianctly more money and better use of time, those days are gone, and now we have to rethink how we build a prospect base

10:44am • #9
296,551 Points 100 Featured Posts Localism Sponsor Outside Blog

Wow, you could have written this blog from Michigan!  It's amazing how eerily similar some of the frusterations you write about are.  I'm still perplexed about one thing....How do commercial real estate agents lease and purchase property with cooperation and coordination of a variety that residential leasing agents seem to find so daunting...

2:29pm • #10
409,802 Points 74 Featured Posts Outside Blog

KK,

I don't give a rats hoot so I'll give you three strikes and then if you can't get it right then ...next victim. Rentals take lots of work and patience but I'll do lots of them through the year. Property managers can make it difficult.

2:32pm • #11
107,403 Points 8 Featured Posts Localism Sponsor Hit Router

Ok, I have have something else to be thankful for!  Our local REALTOR Association has a large, active property management group and many of our rentals in the area are on our MLS in their own little search spot.  Recently the property managers even hosted a social hour to meet and network with agents who predominatly work in sales - it was a huge success.  This group came about due to a REALTOR member who specialized in leasing, saw  a need, and set out to change our little corner of the world.  Working with renters is MUCH more rewarding when there is a co-op offered via MLS :)

Sorry you had a rotten experience, your solutions are sound and dragging these guys into the REALTOR fold is even more fun.

2:45pm • #12
250,305 Points 11 Featured Posts Outside Blog

From the comments it looks like you hit a nerve. I've often thought that somebody in Pueblo could make some money by getting rentals into some organization. We have lost 99% of our rental agents in the last year. They are tired of dealing with landlords loosing properties and collecting rent anyway. I get the infrequent call asking for help and it's hard to know where to start.

3:18pm • #13
318,562 Points 22 Featured Posts Localism Sponsor Outside Blog Hit Router

Remember, though, that property managers have more on their plate than just the initial leasing of a property.  Sometimes you might need to cut them a little slack. 

They are dealing with rent collections, late notices, exploding water heaters, overflowing sewers, sparking electrical outlets, tenants getting into fistfights over parking spaces, city code inspections, rodents of every size and description, tenants freaking out over rodents, uncollected trash, broken toilet seats, property owners who don't understand the importance of supplying tenants with heat or hot water, property owners who show up in eviction court two hours late..... shall I go on?  :-)

8:43pm • #14
Localism Sponsor

Hi kk,

I agree that finding a rental in metro Denver can be daunting.  I like the above idea about forming a property management group at Metrolist or through the DBR. Right now it's either Craigslist or driving the neighborhood you like.  While that may work for tenants, it's not great for Realtors.

9:29pm • #15
NOV
20
2008
14 Featured Posts

I can (kinda) see why a rental agency who owns a dominating share of the inventory might not want to pay someone else a commission for renting a place - hence no chance of having them participate in an MLS (or MLS-like) service...  But geeze -- for the 97% of metro areas where each rental agency has a limited number of properties and there is far more power in the other 99.5% of rental agents out there who can help find a tenant? Why the heck isn't there more cooperation in this industry?

I agree. The rental/prop management business as a whole seems to be light years behind where they could be.  Seems like a great opportunity for innovative thinkers.

11:31am • #16
NOV
21
2008

Kristal

Great Blog...In South West Florida rentals are going crazy fast but like you said very unprofessional...My broker is trying to capitalize sees the same lack of organization

12:04pm • #17
NOV
23
2008
3 Featured Posts

Hi Kristal,  Your post would be funny if it weren't so sad (and true).  This is one of the main reasons I expanded into Property Management.  There is such a need for good ones! 

7:59pm • #18
NOV
25
2008
120,153 Points 7 Featured Posts Outside Blog

He kk----- You would think with slower times that the party at the end of the phone would bend over backwards to make your task easier. Shame on them and bravo to you for addressing this out loud. I think it is a huge disservice to not have met your needs right then and there. I guarantee you they are also the whiners trying to figure out why they cant make any money!

I love the secret shopper idea- and am sure we all have been shopped in our careers !

6:15pm • #19
302,634 Points 3 Featured Posts

Great idea about secret shopper. I might even entertain that idea myself. I think it all comes back to professionalism whether selling or buying.

10:03pm • #20
DEC
26
538,227 Points 45 Featured Posts Outside Blog

Kristal - you forgot to rant about some of the "co-operative" commissions offered - many rental listers don't offer half of their commission, or even a 25% referral equivalent - just $100 or $200.  Huh?  They obviously don't want help in renting those properties. Working with renters is definitely a SERVICE niche. Often, though, if we do a good job finding them a rental, they do work with us later when they are buyers.

5:58pm • #21
369,535 Points 110 Featured Posts Outside Blog

Sharon ~ so many rants, so little time! :)

8:43pm • #22

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Kristal Kraft ~Denver Real Estate~303-589-2022

Denver, CO

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The Berkshire Group Realtors

Address: 3801 E. Florida Avenue Suite 400, Denver, CO, 80210

Office Phone: (303) 953-5222

Cell Phone: (303) 589-2022

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