AI Leasing Assistant

The Ultimate AI Leasing Assistant Solution

PERQ goes beyond an AI leasing assistant and elevates multifamily automation to new heights with our top of funnel cross-channel marketing automation. Our proprietary blend of marketing tools gets better results than a leasing assistant.

What is an AI Leasing Assistant?

An AI leasing assistant is a software tool that helps apartment communities and property management teams with their leasing process. It uses artificial intelligence to answer renter questions, schedule tours, and guide leads through each step of renting.

More apartment communities are turning to AI leasing assistants because they save time and help teams respond faster. This technology is now an important part of leasing in the multifamily housing industry. It improves efficiency, increases conversions, and gives renters a better experience.

Benefits

More Qualified Tours & Leases. Less Cost & Work.

Leasing Assistants chat, follow up on leads, and schedule tours. PERQ does all this and uniquely adds AI tools and performance to your website to capture more unpaid leads from your website. By integrating our AI Leasing Assistant with our other multifamily solutions, you can automate your top-of-funnel and strategically market to your database to capture more leases with less work and cost!

How Our AI Leasing Assistant Works

Capture More Tours & Leases
Top of Funnel AI Automation

PERQ captures more unpaid leads and tours from your website, Google Business Profile, and telephone. It combines conversational AI for web, text, and email with interactive website tools that educate and engage your prospects. PERQ is the only leasing AI offering AI-powered website tools for lead capture.

Build a Marketable Database
Automate Marketing to Database

PERQ is the only technology in multifamily that builds a database of leads who aren’t ready to tour yet—and keeps working those leads with automated, personalized follow-up through SMS and email. If a lead doesn’t lease, PERQ automatically starts marketing to them for the next leasing cycle. This brings more tours from free lead sources, without adding extra work for your team. With this data-driven, automated marketing, PERQ’s AI leasing assistant gives your property a cutting-edge advantage in the multifamily market.

Manage Leads from Every Source
AI Nurture Automation

PERQ integrates with your ILS lead sources and completely automates the nurture work on all your leads. Our nurture touches are personalized, meaning the cadence, content and channel of the touches dynamically adapt for each individual based on their preferences and behaviors. When leads respond, our conversational AI engages to answer their questions and requests, automating and streamlining the way you interact with prospects. And, when they’re ready, PERQ’s integrated scheduling tools allow them to self-schedule various tour types and sends appointment reminders and follow up notes.

Pass Only What’s Qualified
Schedule Tours and Triage Leads

When a lead is ready to connect with your team, they show up in your CRM through the PERQ Pass™. This includes every engagement, conversation, nurture touch, and website visit they’ve had. Your onsite team can see the full automated experience for each lead right inside the CRM—no extra logins or dashboards needed. It’s a fully integrated, streamlined solution built for multifamily leasing.

“PERQ’s blend of website experiences, chatbots and nurture touches get prospects ready to talk to my team. And, since all the information PERQ collects goes into our CRM, we’re better equipped for our in-person conversations.” Jamin Harkness. EVP, The Management Group.

FAQs

How is PERQ’s AI leasing assistant changing the leasing process?

An AI Leasing Assistant is a software tool that uses artificial intelligence to help property managers automate tasks, manage leads, and streamline the leasing process in the real estate industry, resulting in more efficient and effective operations.

PERQ’s Leasing Assistant uses artificial intelligence (AI) to automate time-consuming activities like answering questions, following up with prospects, and scheduling tours. Baked into the PERQ platform is AI with some important distinctions:

• First, PERQ’s conversational AI is natural language processing (NLP), meaning it can understand and respond to questions written in natural language, as we touched on earlier. This provides a far better experience than “guided bot” technology, where a user has to choose from a list of topics, rather than type in the exact question they have.


• Second, PERQ’s AI is machine learning, meaning it learns and improves over time. In addition, the PERQ platform also offers personalization capabilities for its automated nurture outreach, that adjusts nurture communications for each prospect and has intelligent lead handoff, knowing exactly when it is the right time to hand the lead off to a member of your onsite team.

What’s the difference between an AI leasing assistant and a chatbot?

The key distinction between an AI Leasing Assistant and a Chatbot lies in their functionality. While the term “AI leasing assistant” is often used interchangeably with “chatbot” in multifamily, not all AI leasing assistants are chatbots.

Chatbots can be categorized into two types: Natural Language Processing (NLP) chatbots and rule-based chatbots.rnrnNLP chatbots are more conversational and adept at understanding natural language, allowing them to provide meaningful responses to prospect inquiries, even if the questions are not perfectly formulated.

On the other hand, rule-based chatbots follow a predefined workflow and prompt users to navigate through it, which can be frustrating for renters seeking specific answers outside the established prompts. PERQ’s AI Leasing Assistant uses conversational NLP to improve the renter’s experience along with other marketing automation and personalization solutions.

Why is nurture personalization important?

The PERQ platform also has a website conversion module that instantly modernizes your website with interactive website experiences. This capability can be added to the PERQ Leasing Assistant to amplify its results. PERQ’s nurture outreach is personalized to the individual in three ways:

• Cadence: The cadence of the touches are based on the prospect’s move-in window and changes when their plans do.


• Content: The actual content of the communication is made more relevant by referencing the personal preferences of each prospect.


• Channels: The channel the nurture is sent is based on consumer behavior and preferences.

When added to the PERQ Leasing Assistant, interactive experiences work as a secret weapon for the nurture personalization because they offer more free leads converted from the website as well as engaging CTAs that can be used in the nurture to further engage leads from any source. This way, you can get leads to engage in a tailored-made experience that, in our experience, can significantly increase leases.

What’s the experience of PMCs using PERQ’s AI Assistant?

Proof’s in the pudding, as the saying goes. It’s why PERQ offers a no-risk trial so PMCs and multifamily marketers can see for themselves what an AI Leasing Assistant can do for their business. Invariably, they come away shocked by the results they see in a short time.

Take CA Ventures, for instance. At the end of a 90-day pilot with PERQ for 10 of its properties, CA Ventures reported the following:

• +226% average increase in lead-to-tour conversions for each pilot property.


• 99% of tour scheduling was handled automatically by PERQ.


• +157% average increase in website leads.


• +1,002 hours of staff time saved, resulting in labor cost savings/reallocation of ~$20,000.

Laramar, which manages a portfolio of 150 properties, also ran a no-risk trial with PERQ. At the end of the three-month experiment, the Laramar team reported the following improvements:

• -2,858 fewer hours spent managing leads, equating to $57,160 in payroll value.


• 90.4% of tours were scheduled via PERQ, requiring zero human interaction.


• +182% increase in lead-to-tour conversions.


• +113% increase in website traffic to lead conversion.


• $43,116 in savings or cost avoidance in lead generation (more leads generated from web traffic, plus more tours from nurtured leads).