Renmineonline

Company: Korman Residential invests in and manages multi-family property portfolios in Pennsylvania, New Jersey, Delaware, and Florida.

Results: In the first 8 months of service, residents reached out to over 40,000 friends recommending the Korman properties. The program yielded a 253% ROI. In aggregate there were 87 residents that participated through RentMineOnline and had a friend join the community at a later date. One property in particular, River Chase, scored a 580% ROI through the RentMineOnline program.

Company: Vertica Resident Services is a multi-family property management company that manages 10,000 units across Canada.

Results: Vertica residents used RentMineOnline to recommend their properties to 13,312 of their friends through 5,467 Facebook notifications, 51 social wall posts on Facebook, MySpace, Twitter and 195 targeted emails. Participating residents were 3.2 times as likely to close a referral lease as non-participating residents, resulting in a 200% Return on Investment.

Company: Sequoia Equities manages multi-family communities with over 20,000 residents living in communities across the west coast.

Results: Sequoia residents used RentMineOnline to recommend their properties to 99,402 of their friends. Over 10% of the 423 annual resident referrals were attributed to the RentMineOnline program. This incredible distribution tripled the referral rate for residents using RentMineOnline. Sequoia enjoyed a 332% ROI on the program in 2009.

Company: Prometheus Real Estate Group owns and manages approximately 80 large-scale communities with over 20,000 apartments in the Bay Area, Seattle, Portland, and Los Angeles Metropolitan areas.

Results: Prometheus launched 10 properties with RentMineOnline and before long had all 80 properties running with its online referral platform. One year after launching the program, 13,123 qualified prospective residents were referred to Prometheus properties online by current residents at the communities. For the year, RentMineOnline yielded 87 closed referral leases and an ROI of 380%.

Company: Woodmont Real Estate Services is a premier real estate management firm in Northern California currently managing a real estate portfolio valued at over $3 billion.

Results: In 2010, Woodmont residents have already used RentMineOnline to recommend their communities to 77,289 friends. Distributing these referral messages doubles the likelihood that residents will close a referral lease compared to non-participating residents. By coupling a strong referral message with incredible distribution, RentMineOnline helped Woodmont achieve an ROI of 336%.

Company: Waterton Residential manages 15,000 apartment homes located in 34 communities across 12 states.

Results: Waterton residents used RentMineOnline to recommend their properties to 87,072 of their friends. This incredible distribution resulted in a comfortable ROI of 224%. In 2009, over 12% of Waterton's 446 annual referrals were converted by residents using RentMineOnline. Participating residents were 2.5 times as likely to close a referral lease as non-participating residents.