Question

You have shown vacant apartments to 16 potential renters this week and you have
taken 4 applications for these vacancies from those you have toured the property.
What is your leasing closing ratio (in percentage)?

Answer 1

To calculate the leasing closing ratio, you can use the following formula:

\[
\text{Leasing Closing Ratio} = \left( \frac{\text{Number of Applications}}{\text{Number of Tours}} \right) \times 100
\]

In this case, you have taken 4 applications from 16 potential renters who toured the property:

\[
\text{Leasing Closing Ratio} = \left( \frac{4}{16} \right) \times 100
\]

Now, calculate it:

\[
\text{Leasing Closing Ratio} = \left( 0.25 \right) \times 100 = 25\%
\]

Therefore, your leasing closing ratio is **25%**.