Mystery shopping remains an important and effective way for multifamily operators to measure their leasing teams' performance when initially addressing prospective residents.

Even more so, this process can help management to determine where training is needed most; and given the flood of new and inexperienced hires into the industry, it's a crucial "tell" on how to improve lease conversion.

Earning a perfect score of 100 is the goal. Precision at that level is something RKW Residential recently accidentally discovered when reviewing "shop" scores for one of its properties that was using artificial intelligence (AI) and machine learning technology through a virtual leasing assistant (VLA).

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.