Matterport burst onto the scene as Silicon Valley's favorite real estate room scanning software in 2015. And while its true that is built the first end-to-end room scanning platform, a lot has changed in the industry since then.
Indeed, many alternatives to Matterport exist now-a-days. Lets examine some of the Pros and Cons of using Matterport as your tour service provider.
Matterport allows you to take photos of a room and output those photos to 360 images. In fact, this same feature is now available in consumer cameras across the United States. Matterport's five thousand dollar camera allows you to take photos of a room, but so does the four hundred dollar Rico Theta S.
Matterport provides a platform to upload your 360 images and output a tour. Unfortunately for Matterport, this 360 touring platform comes at a high cost! In fact, realtors and tour owners are charged a recurring fee to simply host and use their software. TourRhino charges a fixed fee. And as we know, fixed fees are the name of the game for Apartment Owners who care about NOI and for Realtors who have too much to do than manage yet another subscription.
Matterport has preffered vendors. Matterport is a brand that others tend to recognize, and if you are a Matterport provider then opportunities come your way. But did you know that TourRhino is one of the fastest growing 360 touring brands in the world? And that we offer the same 360 immersive tour experience that Matterport offers, but at a fraction of the cost? Our brand is a proud one, and you can join our vendor network whether you already use Matterport or are looking for a fresh start.
Matterport has an absurdly expensive camera. And the camera is proprietery. Which means if you want to shoot a 360 tour, you are locked into their platform. TourRhino, on the other hand, is flexible. You can bring your own device, bring your own photos, click Upload, and click Go! and instantly have a Matterport quality tour for 1/10th the cost.
Matterports roomscanning technology takes much more time too shoot than our 360 tours - and offer no real benefit to consumers. In fact, in live consumer tests, we noticed that viewers were just as enthralled with our point and touch tours as they were with Matterport. The only difference is the effort to create each tour - with TourRhino you can shoot a tour in 15 minutes. With Matterport it may take hours.
Matterport requires hosted tours to pay a monthly or annual subscription fee. This is one more thing to worry about and manage. And for property managers, this is just one more fee that negatively affects annual income, and therefore valuation metrics such as Cash-on-Cash and NOI. By using a fixed cost per tour, you never have to worry about managing yet another subscription, and your commercial property is able to get the highest valuation it deserves.
High cost per tour
The cost to shoot a Matterport tour often costs upwards of $2000. TourRhino preferred vendors offer the same service for less.
Remember, your first hosted tour is free on the TourRhino Creator platform. Or, if you would prefer to hire someone to come shoot your property for you, our expansive vendor network will get your tour created for a fraction of the cost of Matterport service providers. No matter how you slice it, TourRhino is cheaper for both property owners and for tour service providers. Get started today by either creating your first tour (link) or by hiring someone to come shoot your property (link)!