Among the countless advantages that digital marketing has over traditional media marketing, geo-fencing ranks near the top.
Briefly defined, geo-fencing establishes an invisible perimeter (or “fence”) that covers a particular geographic region, allowing digital marketers to specifically target the audience that lies within it.
Countless industries and business sectors have benefited from geo-fencing, but its value to marketers within the residential real estate sector cannot be underestimated.
Geo-Fencing Explained
As the old cliche goes, the three most important criteria for determining real estate desirability are location, location, location. Renters in search of a new apartment almost invariably look within very specific areas and have little interest in properties that lie outside of those areas.
Geo-fencing allows you to make the most of your marketing efforts by reaching out to apartment-hunters inside a precise geographic region that you are able to define and alter at will.
With geo-fencing, you can program automatic alerts to launch to smartphone users who happen to stray close to your apartment community. Prospective tenants who are using Zillow, Yelp, Pandora, or any other mobile app that supports geo-fencing are instantly identified through technologies such as radio frequency identification (RFID) or the Global Positioning System (GPS) and can receive one or more instant alerts when they enter your targeted area.
3 Key Benefits of Geo-Fencing
Unsurprisingly, more and more apartment marketers are employing geo-fencing to specifically target individuals who are most likely to engender conversions and, ultimately, fill property vacancies. The majority of prospective tenants also benefit from geo-fencing. After all, what apartment hunter wouldn’t appreciate a tip or a special offer regarding a great place in an ideal location?
Here are just three key advantages of apartment marketing and hunting with geo-fencing:
1. Optimized search operations based on location
Real estate websites and online rental databases that employ geo-fencing technology do much of the legwork for apartment hunters by automatically and instantaneously sorting through a nearly infinite number of listings to show only the properties that fall within the parameters of a specific geographic location. In addition to targeting only the most likely future tenants on an individual basis, geo-fencing allows apartment marketers to send them relevant sale suggestions at the most opportune moments.
2. The delivery of key apartment information in real-time
In addition to sending relevant listings to a localized audience and vacancy alerts to individuals who are close to your various listings, geo-fencing technology can aid with prompt apartment showings and spur-of-the-moment apartment applications. More generally speaking, it can do wonders when it comes to helping apartment complexes and other real estate organizations build their brand and engage with the most relevant audience possible. After all, why spend the money and energy on an extensive and protracted branding campaign that will reach thousands or even millions of uninterested people?
3. Convenient, value-added apartment hunting assistance
Geo-fencing goes a long way toward placing the power to find and obtain the perfect apartment in the palm of any smartphone user’s hand. In addition to optimizing the online apartment hunting process, geo-fencing allows even the least tech-savvy Zillow, Redfin, or Realtor.com users to schedule relevant apartment search alerts that do most of the hunting for them. By setting specific rental interest criteria within a particular geographic area, they can let their favorite real estate app do the work, notifying them of key apartment prospects while they concentrate on career, family, and other important matters.
To Learn More
If you have any questions about geo-fencing for apartments, contact the real estate marketing leaders at BIGEYE today. The professionals at BIGEYE offer a broad spectrum of marketing services that can benefit anyone in the property rental sector.
