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As potential tenants and property owners increasingly turn to the internet for research, maintaining a positive online image is vital for the success and growth of property management businesses. Effective online reputation management (ORM) strategies can significantly impact how these groups are perceived and trusted within the real estate industry.
From building a strong online presence to identifying areas of opportunity to improve rentals and amenities, here’s what to know about online property management for real estate groups with Buckingham.
What Is Online Reputation Management for Property Management?
Online reputation management for property management involves actively monitoring and shaping the digital perception of your properties, fostering positive tenant interactions, and mitigating the impact of negative feedback to enhance credibility and attract clients.
And truth be told, you can use all reviews, both good and bad, to inform and improve your customer service.
Benefits of Online Reputation Management for Real Estate Professionals
Online reputation management for real estate professionals bolsters trust among clients, showcases expertise, mitigates negative feedback, and sets property businesses apart in a competitive market. Here are some key benefits of implementing a strategy for your property:
Make a Great First Impression
First impressions matter, and in the realm of property management, that first impression often occurs online. Prospective clients and property owners frequently search for reviews and information before making decisions. This most often happens on Google, Facebook, and Yelp, as well as rental-specific platforms like RentCafe and ApartmentRatings.
An ORM strategy ensures that the first interactions with your business reflect professionalism, responsiveness, and reliability. By consistently monitoring and responding to online reviews and comments, property management groups can shape positive initial perceptions that lead to trust and credibility. After all, the psychology behind online reviews and their effect on decision making go hand-in-hand.
Build Trust Among Current and Prospective Tenants
Trust is paramount in property management and real estate, where individuals are entrusting their valuable assets to a third party. In fact, the National Multifamily Housing Council (NMHC) 2022 Renter’s Preference Report found that 69% of prospective renters look at ratings and reviews when searching for an apartment community.
A solid online reputation fosters trust among potential clients by showcasing previous successes, transparent communication, and a commitment to addressing concerns promptly. Through ORM, property management groups can highlight their expertise, ethical practices, and dedication to delivering exceptional service, fostering the trust essential for successful partnerships.
Develop an Online Presence
Creating a solid online reputation management strategy for any business is a critical part of maintaining brand awareness, public relations, and addressing issues. There are many ways to do this, and some of the most simple steps are best for property management groups. Here’s how:
Learn more about the importance of online reputation management for businesses in our informational blog post.
Maintaining Your Property’s Online Reputation
Once you’ve set up your property’s online presence, you must maintain it! (If you do not have current ownership of profiles on review websites, act on this ASAP.)
Regularly monitoring and responding to Google reviews, Facebook comments, and general feedback helps to shape a positive perception of your property. And yes – this means responding to any positive and negative reviews that may come through.
While we hope this does not happen, you may come across reviews that seem malicious. If you experience a malicious threat, libel or slander, this may constitute as online defamation. To learn more about defamation, check out our blog post, “What Is Online Defamation?,” or contact Buckingham’s defamation attorneys for further support.
Aside from social media reviews, it’s a great idea to create and maintain an informative website. Include a section on the website that showcases reviews/testimonials from clients, provide an image gallery of your properties, and list ways clients can easily contact management.
Effective Conflict Resolution
Property management inevitably involves challenges and conflicts. An ORM strategy provides a platform to handle these situations with professionalism. Addressing negative feedback openly and constructively demonstrates accountability and a willingness to improve. Thoughtful responses can help turn dissatisfied clients into satisfied ones and demonstrate to prospects that your property management group takes client concerns seriously.
Highlight Property Amenities
ORM enables property management groups and real estate professionals to spotlight their strengths, unique selling points, and company values. Regularly updated content such as blog posts, case studies, and testimonials can bolster your reputation by highlighting your expertise in managing properties efficiently and ethically. These efforts not only contribute to a positive online image but also position your group as a thought leader in the industry.
Maintaining a Competitive Edge
In the competitive real estate landscape, a positive online reputation can be a key differentiator. A strong ORM strategy can help property management groups and real estate professionals stand out from the crowd and attract clients who value professionalism, integrity, and exceptional service. Positive online sentiment can also lead to word-of-mouth recommendations, further enhancing your group’s reputation and market presence.
Online reputation management is not just an option – but a necessity for property management groups. A proactive approach to ORM can shape the perception of your business, foster trust, showcase strengths, and maintain a competitive edge. By prioritizing your online reputation, property management groups can build lasting relationships, expand their client base, and solidify their position as leaders in the industry.
If you manage a property, complex, or real estate firm and suspect your brand is at risk for online defamation, contact Buckingham’s team of experienced lawyers for a consultation. Andrew Stebbins and Christina Williams are ready to assist you.
Our attorneys will provide a collaborative, thoughtful approach to your legal needs. We look forward to connecting with you.