Friday, April 16, 2010

Apartment Association of Greater Orlando (AAGO) offering Free, Online Market Surveys and Website to all property owners/managers in Lake, Orange, Osceola, Seminole, and Volusia counties.

ORLANDO, FL – The Apartment Association of Greater Orlando (AAGO) announced that they are now offering a free online market survey tool and free password protected apartment website to all property managers/owners in Lake, Orange, Osceola, Seminole, and Volusia counties.

They recently partnered with Orlando based MyRentComps.com to handle all of their online market surveys.

According to Gary Scarboro, Executive Vice President of AAGO, “AAGO was the first apartment association in the country to offer this free service to all apartment owners and managers. Now the owners or property managers from Daytona to St. Cloud/Kissimmee can just go to www.aago.org, click the market survey button and log in to update their rents/occupancies and run a free market survey on up to 9 apartment properties surrounding their community.

According to Ron Wenzel, President of AAGO and Regional Property Manager for Archon Residential Management, L.P. based out of Irving Texas, “Archon supports the MyRentComps.com program through the local apartment association here in Orlando and throughout the state of Florida.” Wenzel said the system is “very quick, easy to understand, user friendly, and an enormous time‐saver.

It provides information sharing opportunities about occupancy trends and rental rates in real time and not in weeks or even months.” Before using myrentcomps.com he was using other industry reports which “were released well after the fact from various other sources.”

Wenzel goes on to say these reports are “oftentimes outdated and not at all valid. In today’s market, rents are changing weekly if not daily. We need a reliable source specifically catering to the apartment industry to give us this much needed, up‐to‐date, and factual data. This data is not at all a guess or even subjective based on who you might speak to in the leasing center on any given day.”

Wenzel adds “with MyRentComps.com, we have been able to provide excellent direction for making intelligent decisions. We can also see trends whether they are positive or negative. We are then able to formulate appropriate plans or make necessary adjustments to remain leaders in both occupancy and in effective rates across the state.”

He concludes “It is also a great resource for underwriting new deals and or existing loans which, we may not have time to either call or shop in person. We are absolutely thrilled to be a part of and an active participant in MyRentComps.com statewide.”

“This is the first online market survey system that is designed specifically for the property managers and the local apartment associations” said Mr. Robert E. Smith, (top right photo) Founder of MyRentComps.com. He added, “The apartment association’s membership consists of owners, management companies and vendors who sell products or services to the apartment communities.

This system allows the property manager/owner to save time. It also gives the product or service providers another opportunity to advertise their products or services directly to property managers.

 In addition, the apartment association can boost its membership, since the website was designed to send everyone who calls an apartment property for a market survey to the apartment association’s website. Property owners and managers also get a free password protected website at (www.ApartmentsNowAvailable.com) just for participating with the online market survey.”

The Apartment Association of Greater Orlando (AAGO) is a non‐profit trade association representing owners, developers, investors, managers and employees of apartment communities in the Greater Orlando Metropolitan Area. AAGO is affiliated with both the Florida Apartment Association and National Apartment Association; members of AAGO are also members of the state and national associations.

Currently, AAGO represents over 125,000 apartment units, 180 management companies, 520 apartment communities, and 280 associate members. Associate members are suppliers, vendors, and contractors dedicated to the apartment industry.

 AAGO is a not‐for‐profit membership organization created by and for apartment owners, builders, developers, management companies, and their employees in the property management business. We offer our members professional certification programs, continuing education opportunities, lease and addendum forms, legislative advocacy and communication of industry issues.

For more information, please call:
Apartment Association of Greater Orlando (AAGO) MyRentComps.Com, Gary Scarboro, CAE, CAPS, Executive Vice-President,  gary@aago.org:
 Robert E. Smith, CCIM Founder,   340 N. Maitland Ave., 350 East Pine Street, Maitland, Florida 32751 Orlando, FL 32801, Tel: (407) 644‐0539 Fax: (407) 644‐6288,  (407) 206‐3791,  Fax: (407) 206‐5930, Web Sites: http://www.aago.org/,  http://www.myrentcomps.com/,

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