Case Study / Belkasa
Case Study
Case Study – Belkasa Inmobiliaria
Transforming Real Estate Management with Caribid’s Auction Platform
About Belkasa Inmobiliaria
Belkasa Inmobiliaria, led by the visionary Belkis, has been a trusted name in Santo Domingo’s real estate market for over two decades. The company specializes in managing and renting classic, pre-2015 apartments known for their spacious layouts and family-friendly appeal. These sought-after properties, located in neighborhoods like Piantini, Evaristo Morales, and Bella Vista, have become synonymous with comfort and prime location.
However, as demand for these properties skyrocketed, Belkasa faced mounting operational challenges. From managing dozens of competing offers to lengthy rental closing times, the company needed a smarter, faster, and more transparent solution. That’s when Belkasa turned to Caribid’s auction platform.
The Challenge
With an ever-growing number of rental inquiries, Belkis and her team struggled to keep up. Their challenges included:
Inefficient Offer Management:
Traditional methods of managing multiple offers on a single property created bottlenecks, with decisions often relying on Belkis’ judgment or a tenant’s credit score. This process lacked scalability and transparency.
Prolonged Closing Times:
Rentals often took months to finalize due to manual processes and scheduling delays. This extended timeframe risked losing interested tenants and frustrated landlords eager for income.
Limited Lead Engagement:
The “meet-and-greet” approach required Belkasa to schedule in-person visits with every interested party. This labor-intensive process reduced the number of leads they could effectively manage.
The Solution
Belkasa partnered with Caribid to revolutionize its rental process through real estate auctions. Caribid offered:
7-Day Fast-Paced Auctions:
Instead of drawn-out negotiations, Belkasa transitioned to short, high-intensity auctions. Properties were listed for just 7 days, creating urgency among renters and significantly speeding up decision-making.
Automated Offer Management:
Caribid’s platform automatically evaluated offers based on objective criteria, eliminating bias and freeing up time for Belkis and her team.
"Open House" Flexibility:
Caribid introduced a virtual and in-person “Open House” feature. This allowed multiple leads to view properties simultaneously, increasing efficiency and exposure. The feature proved particularly successful in boosting rentals in high-demand areas like Piantini and Bella Vista.
Scalability:
By automating time-consuming tasks, Belkasa was able to handle more properties and clients without increasing operational strain.
The Results
Partnering with Caribid produced remarkable outcomes for Belkasa:
67% Faster Rental Closings
Average rental agreements were finalized within 7 days, compared to the months-long timeline they previously faced.
Increased Rentals in Premium Areas
With Caribid’s tools, Belkasa secured more rental agreements in key areas like Piantini, Bella Vista, and Evaristo Morales.
Higher Lead Conversion
The “Open House” feature brought in more qualified renters, increasing the likelihood of successful agreements.
Operational Efficiency
Caribid’s automation tools streamlined processes, allowing Belkis to focus on growing her business instead of micromanaging logistics.
"¡Caribid es lo mejor que me ha pasado! Antes durábamos semanas, a veces meses, cerrando un contrato. Ahora, en 7 días ya está todo listo. Esto no solo agiliza el proceso, sino que atrae a más clientes y elimina el relajo. ¡Si no estás en Caribid, estás quedándote atrás!”
Belkis
Founder of Belkasa Inmobiliaria
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