So the tenants just show the property themselves?
We've all heard of newest & brightest real estate schemes but I've come across a recent company that takes this to a new level. It's called Rently and basically 'anyone' can RENT a Sentri Lockbox and have tenants, contractors or just about anyone get the code & access a key to the property.
Here's an excerpt from their site:
"Rently is a premier lockbox rental showing solution. Utilizing Rently’s lockbox rental solution renters can instantly and securely access properties at their convenience. This method, also referred to as Self Service Showing, is becoming the industry norm as property managers save money and lease faster than ever before."
So now someone has thought up the idea of renting lockboxes to unlicensed people? Not saying that isn't a good or bad idea but the next paragraph says it all about their intentions:
"Using Rently, you’re going to generate more leads than ever before. With our system, everyday is an open house and renters will be able to see your properties at the time that best fits their needs. Self-service showings equal more qualified leads coming in around the clock: even during after hours and weekends. More leads in less time means you’ll be leasing faster!"
Everyday is an open house?
Self service showings?
Sure with 'self service' showings I'm sure that the property will be protected & secured by these tenant applicants at all times. Uh huh, sure. Seems like a bad thing waiting to happen but really no difference than if you went & put a combo lockbox on the property & just emailed everyone a code.
But wait Lyn, before you go & get yourself all upset - that code changes all the time or are you giving out the 'contractor codes' which are assigned to the lockbox itself. In other words, not much better than putting on a combo if the tenant just felt like coming back to the property on multiple occasions or became a squatter heaven forbid.
In my area of Northwest Illinois, my board has decided that we cannot use 'one day codes' because they thought security was getting lax. Providing utmost security for the seller has always been the primary intent of choosing a secure lockbox system. Now this doesn't mean that other area boards can follow this practice because they have not. This would hold true with Rently also, they are not a member of our board BUT the users are a member of our MLS.
Rently & it's agent customers should have to follow the same rules that other area agents have to abide by.
Or .... is that really true? What's wrong with using our Sentrilock system for another purpose that no one's ever thought about before?
Or ... are you as mad as me that you didn't think of this?
Anyone want to rent my lockbox?