$185 a listing for rental photos. Should I just buy a camera?
I manage 22 doors for three owners and we shoot every unit that turns. My photographer charges $185 for a standard set, about 25 images, delivered next day. Last year we turned 14 units, so that's roughly $2,600 in photo spend, all of it billed back to owners as a marketing line.
One owner pushed back on the invoice last month. His argument is that my leasing coordinator already walks the unit with a phone for the move-out condition report, so why are we paying someone else to walk it again with a nicer camera.
What I have: the photographer is reliable, shows up within two days of a request, and the units lease faster than they did when we used phone photos. I can't prove the second part cleanly. My average days on market went from about 21 to about 13 over the same stretch, but I also changed how I price and I started listing before the unit is fully vacant.
What I'm unsure of: a used body plus a wide lens and a tripod looks like $1,400 to $1,800, which pays for itself in ten turns if the only cost is the gear. That's the part I don't believe. My coordinator makes about $24 an hour and I have no idea how long editing actually takes.
The decision in front of me is whether to keep the outside photographer for all 22 doors, keep him for the two nicer buildings and go in-house on the older stock, or buy the gear and see what happens. I'm leaning toward the split but the owner who complained owns the older stock, so that's the one where I'd be experimenting on someone else's vacancy.