You want to make renting out your properties easier, but you're not sure how to begin. It seems overwhelming because there are so many options available, and you need a solution that covers everything from the beginning to end.
If you're looking for leasing automation tools, you've probably heard about RentEngine and ShowMojo.
We've made a detailed comparison of the two for you. We're going to talk about:
What is RentEngine?
RentEngine is the first program that really handles leasing from start to finish. The team answers potential renters any time of the day, gives tours, sends follow up's regularly, and checks renters' backgrounds thoroughly. All you have to do is list your vacant properties and approve to the people who qualify. RentEngine does the rest.
What is ShowMojo?
ShowMojo is leasing automation software. It helps property managers to schedule showings, provide lockbox codes and send automated messages to prospects.
What does RentEngine do?
RentEngine does full-service leasing.
This includes:
Optimized marketing across major listing sites
24/7 human response team
Guided showings (pre-screened prospects only)
Persistent follow-ups
Full transparency over the leasing pipeline
Plus, you get full access to Arrow! Arrow is the first-of-its-kind rental comps and pricing tool.
A look inside RentEngine's Leasing Activity tabWhat does ShowMojo do?
Posts your rentals to the major internet listing sites, like Zillow
Sends automated messages to interested prospects with a scheduling link
Provides lockbox codes for self-showings
Paid upgrades for prospect communication and screening
A look inside of ShowMojo's platformSide-by-side Comparison
The biggest difference between them is that RentEngine actually does the leasing operations. That includes 24/7 lead response, answering questions, giving showings and consistently following up. Your team will save 16 hours per rental, so you can focus on growing your business and better serving your clients. ShowMojo focuses more on scheduling leads and managing your lock boxes.
RentEngine takes a new approach to leasing automation. It was founded in 2023 by a team of veteran property managers. RentEngine is the new kid on the block and already serving top PMs who want to truly automate and optimize their leasing.
ShowMojo has been helping to schedule showings since 2011. They have hundreds of customers including many franchises like Real Property Management. ShowMojo's services and pricing plans are mostly targeted towards property managers with at least 200 to 300 units.
RentEngine vs. ShowMojo: Support
Both platforms are well-known for excellent customer service. RentEngine has 24/7 US-based support and ShowMojo promises "rapid response" during business hours. Either way, you'll get the great support you deserve.
RentEngine vs. ShowMojo: Tenant Experience
With RentEngine, every prospect gets an immediate response from our 24/7 bilingual team. The team will answer their questions, pre-screen them and schedule the showing. They can call, text, and email at any time with questions about the property or application process.
With ShowMojo, the tenant experience depends on the tier you purchase. All tenant communications are templated text messages, and if you pay for Pro or Ultra, you'll have a few more template customizations available. As the property manager, you'll have to consider potential questions and update the templates accordingly.
ShowMojo's services and tiered pricing plans are mostly targeted towards property managers with at least 200 to 300 units. In most cases, prospective tenants and property managers prefer the personal touch and simplicity of RentEngine.
RentEngine vs. ShowMojo: Leasing Speed
On average, RentEngine fills rentals 2x faster than the local market average. They have optimized the experience and prospects move through the funnel quickly. RentEngine leverages 24/7 immediate response, on-demand guided showings and diligent follow ups.
ShowMojo still relies on the leasing agent or property manager to give secure showings, unless you upgrade to the Ultra tier. Without a 24/7 team for most customers, the leasing process is put on hold after 5pm or over the weekend. It's unfortunate because that's when most prospects are searching online or available for showings.
RentEngine vs. ShowMojo: Pricing
RentEngine takes a simple approach with pricing: no onboarding fees, no monthly fees, and no long-term contracts. It's just $300-$500 per leased rental.
ShowMojo charges per unit per month, even if the unit is occupied! You'll have to review each pricing tier (Classic, Pro and Ultra) to decide which is best for your needs. If you have a portfolio of 1,000 units, you can expect to pay anywhere form $300-$1,900/month for ShowMojo software plus the cost of your leasing team.
RentEngine vs. ShowMojo: Which is right for your portfolio?
Fast-growing property managers and investors choose RentEngine. It's easy to scale up when new units are added and you don't have to hire more leasing agents or work overtime. RentEngine is also a great choice for single-family portfolios where the driving time between showings can kill your team's productivity.
It's easy to trial RentEngine and see the difference today. There's no monthly contracts or fees, just pay for results.
Head to rentengine.io/onboarding to get started!