These days, savvy consumers are rarely willing to take a chance on a business they haven’t heard of or worked with before. Instead, they turn to trustworthy reviews to help them make some of the most important decisions about how they spend their time and money.
If you operate a real estate business and aren’t leveraging this modern form of word-of-mouth marketing, you may be seriously missing out. This kind of feedback is essential not only for increasing your visibility and garnering credibility, but also for learning from your tenants and implementing critical changes based on their experiences.
Our Tips for Bolstering Your Online Reputation with Reviews
According to a 2019 survey from SurveyMonkey Audience, nearly three quarters of renters read between one and ten reviews prior to making a decision about a rental property. Most significantly, well over half of those respondents claimed they would pay more for a property that had higher rankings and reviews.
With statistics like these, it’s clear both negative reviews and an absence of reviews in general can have an adverse effect on your real estate business’s ability to reach its full potential.
While you may know how important reviews are – after all, you probably use them yourself when making significant purchases – it’s understandable if you feel a little overwhelmed about collecting feedback from clients. The good news is that gaining insightful feedback from tenants and clients is easier than ever before.
Take a look at our tips below to help you generate more online buzz for your real estate business and earn the trust of prospective tenants.
1. Listen to your clients and implement changes based on their feedback.
As it’s been shown, renters are willing to pay more for a better overall experience, you can gain more clients and increase revenue by improving that experience. Not sure where to start? Your best bet is to set up a channel for feedback so you know exactly which issues to prioritize.
There are plenty of software options out there that enable businesses to gather up-to-the minute, actionable feedback from clients with a few simple clicks. Not only will the changes you make as a result help generate a more positive experience for prospective clients, but your actions will also instill trust in current tenants and make it more likely they’d be willing to leave a positive review.
2. Ensure your business is claimed on all reviewing platforms.
If you’re only checking on your Google reviews, you may be unaware of other reviews that have popped up for your property on platforms such as Zillow, Yelp, and Facebook reviews. This list isn’t exhaustive, of course. There’s also Apartments.com, Angie’s List, Yelp, and many more contenders that attract the attention of prospective tenants.
Make the effort to claim your business on all of these platforms so you can better manage your online reputation. Fortunately, managing all these accounts doesn’t have to be a hassle.
Utilizing innovative customer engagement software allows you to view and respond to reviews from a range of sites all in one place. This will make it easy to reap the rewards of having a widespread online presence.
3. Take the time to respond to all reviews, both positive and negative.
According to a recent survey, 97% of consumers who read reviews also read what businesses say in response to reviews. Whether the initial review is negative or positive, the way a business responds says a lot about their guiding philosophy and how they tend to treat their clients.
This kind of communication can go a long way in building trust with prospective tenants, as it lets them know you take the time to maintain tenant relationships and value their feedback.
What you say in your response isn’t the only important factor to consider. The speed with which you respond to reviews can also make or break a relationship and even impact your overall review score. In certain situations, you may even be able to resolve the issue behind a negative review by acting quickly.
4. Request reviews from happy tenants.
It’s no secret unhappy customers are more likely to write a review than satisfied customers. To regain balance in your online reputation and ensure your review score reflects how the majority of your tenants actually feel, don’t hesitate to ask happy tenants to write about their experience online. Sometimes a gentle prompt is all it takes to let these individuals know how helpful their review could be for prospective renters.
To make this process as frictionless as possible, you can even automate your request. For example, you could have automatic invitations for reviews sent out via text each time a lease is signed or renewed. As long as you go the extra mile to make this process quick and easy for the tenant, you can have confidence they’ll be up for completing this small task.
We all know reviews are important, but few real estate businesses take the steps needed to collect tenant feedback and amass trustworthy online reviews. With these tips, you can build credibility for your business and generate some online buzz while simultaneously strengthening your relationship with renters.