It’s been over 2 months since we launched Property Monitor in RP Professional (rpp.rpdata.com – available to anyone with a subscription).

I have found the uptake to be surprising.  Those who are using it, are loving it, and are building up a large list of properties they are monitoring. Usage seems to be heaviest with mortgage brokers protecting their trailing commissions, but we are seeing good traction with savvy agents keeping an eye on the happenings in their market or watching their mortgage book.

We are seeing over 500% growth in the numbers of properties being monitored every month.

Why?

Because it is a powerful tool for any agent, broker or other property professional to monitor properties of interest to them.

It monitors properties in your watch list for when they list, sell, or are put up for rent.

So how do you use it?  First make sure you have activated property monitor on your front screen. Click on ‘customise home’:

Then turn on ‘Property Monitor – My Watch List’ and ‘Property Monitor – My Watch List Alerts’:

 

 

 You will now have 2 panels on the front page for your watchlist and your watch list alerts.  Now you can add properties to your watch list – you can tag them so that you are alerted when something happens to them.

You do this either in bulk by searching for an area in RPP (say ‘Chapel Hill QLD’) and selecting properties in the list before or after applying filters (see my earlier post on this):

 

Or by adding a property from the property details record once you have searched for it:

You will now get daily alerts in your alerts panel, as well as a weekly email of alerts for all the properties in your watchlist that list, sell or are put up for rent:

Is there a limit to how many you can ‘watch’?  Yes – based on the value to you: the alerts.  We allow each user to get 40 alerts per month free, and then you have the option of paying for alerts (only when you need them).  Alerts expire after 70 days.  If you look at the market and what is happening that really means you can monitor about 2,000 properties per user before you can expect to get more than 40 alerts in a month.

This should be a great retention and acquisition tool – use it to keep an eye on your area and your customers, keep those commissions coming in! 

I would love to get feedback on how you think you can use property monitor to improve your effectiveness as a professional, or what tweaks we can do to the product.

Please send feedback on how you use the tool, or suggestions on other tools you would like to me, or to [email protected]

Thanks!