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Robbie said in March 3rd, 2008 at 6:03 pm

HMMMM, I think this kind of service is useless for single family property managers.

“Most” websites updates rents and listing info every 24 hours. I know my feeds update every 24 hours, As well as my feeds that P.M’s use to populate there rentals on there site from ours.

I’m not sure the dynamics for apartments industry so I would hesitate to say for there industry.

Maybe I am misunderstanding there concept?

I guess it depends on who uses these “property management systems”

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Robbie said in March 3rd, 2008 at 6:05 pm

I guess Realy Data Trust owns them?

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Dave Dugdale said in March 3rd, 2008 at 6:07 pm

Perhaps has Mike can clarify the next time he comes back.

Also when you see this new stuff come out you gotta wonder what RentalHomePros thinks about coming in late to the game.

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Dan Daugherty said in March 3rd, 2008 at 6:21 pm

Hi Robbie,

Similar to how single family property managers use RentMarketer.com to post their property to many sites at once, FreeRentUpdates is doing something similar for the apartment communities.

The biggest challenge for Apartment Communities is the need to be on many individual listing services or (ILSs) at once. Historically, the community leasing agents or PMs would post their community on Apartments.com, ForRent.com, Rent.com etc and then have to manually change the pricing on each.

This type of service is extremely valuable for both the single family property managers as well as the apartment communities since the rental market is becoming so fragmented.

Hope that helps.

DD

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