Achieving Occupancy

Property management company Tarragon Property Services casts a wider marketing net, executes the complete leasing process online and provides convenient online resident services—all with RentCafe™. The upshot is consistently near-full occupancy.

Tarragon uses RentCafe, a full online leasing and resident services solution, to attract prospects to its apartment units in Washington state and execute the entire leasing process, including electronic signatures, in one stop. “A great thing about RentCafe is having a Web interface that makes it really easy for prospects to see our available apartments, review floor plans, and complete the leasing process,” said Jane Griffith, marketing manager for Tarragon’s multifamily division. “The photos present our properties very attractively, and our site managers love that RentCafe is intuitive, easy to use, and fully integrated with our Yardi Voyager® property management and accounting system. When prospects fill out guest cards online, we eliminate paper and redundancy because we don’t have to reenter a separate guest card into Voyager.”

Griffith added, “RentCafe also includes a resident portal. Once those prospects become residents, they like being able to pay rent online by credit card or checking account withdrawal, submit maintenance requests, and communicate with the office staff.” Since adopting RentCafe, Griffith said, “Our occupancy is way up. We’re consistently at 96 to 98%, and sometimes 100%. RentCafe has absolutely played a role in that.”

The mobile aspect of RentCafe gives Tarragon even more flexibility in its marketing and leasing. “There’s a marvelous RentCafe mobile app that’s designed for smartphones,” Griffith said. “I can be meeting with a prospect, pull out my phone and show any of our properties, and the prospect can apply for an apartment right from their own smartphone. It’s a tremendous advantage in terms of time savings, convenience and efficiency.”

Tarragon Property Services, based in Sumner, Wash., performs commercial and residential property management services for the real estate assets owned by Investco Financial Corporation. Investco’s residential income portfolio includes 15 operating properties with more than 2,500 units. Tarragon has earned numerous citations from SIOR, NAIOP and AIA.  For more information, visit www.tarragon.com

SHARE POST

Facebook LinkedIN

AUTHOR

Joel Nelson, senior marketing writer, joined Yardi in 2007. His byline has appeared in New York Real Estate Journal, Canadian Property Management and Los Angeles Lawyer, among others. He has won multiple awards from major professional organizations including the International Association of Business Communicators and Public Communicators of Los Angeles. Joel earned a bachelor’s degree from Pomona College.

Recent articles

Team Yardi at Sales Conference event

Yardi sales team unites for community service organizations

More than 400 members of Yardi’s global sales team took time out from a recent internal conference to assemble welcome care bags for four local nonprofits.

03 / 10 / 26

Two professionals looking at a laptop together

How to calculate loan-to-value (LTV) ratio in commercial real estate

Learn what the loan-to-value ratio is and how it impacts loan terms, pricing and risk assessment in commercial real estate. This article explains how to calculate loan-to-value ratio and how it impacts loan structure and financing decisions.

Computer screenshot with four people onscreen

AI in CRE valuation: Start small, build trust

Learn how commercial real estate teams can apply AI to valuation and appraisal workflows by focusing on better data, clear outcomes and human oversight.