| Step | Example |
|---|---|
| Ad impressions | 1,000 |
| Enquiries | 30 |
| Qualified (meet income/credit criteria) | 8 |
| Want to proceed after viewing | 4 |
| Sign a lease | 1 |
"Where should we advertise to find tenants?" is the wrong first question. The right one is: how many qualified applicants do we need to sign a good lease — and where do they come from? And behind that hides the decisive question for a property company: should you build that reach yourself, or use a network that already exists?
Count backwards: how many applicants do you need?
A typical letting funnel looks roughly like this:
Numbers vary by location and unit, but the pattern is stable: you need a three-digit number of impressions to land a solid tenant. If the top of the funnel is too narrow, no amount of good screening helps — you're forced to lower your bar or wait. Both are expensive.
To fill the funnel you must be everywhere at once
There's no single channel where all housing seekers are. The student, the family and the person relocating for work find you in different places:
| Channel |
|---|