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January, 2010:

Personnel/Personal Development: Do You Have a Plan?

Jan 27th, 2010
by daisynguyen.
1 comment

When it come to personnel development – do you have a plan?

How about PERSONAL development – do you have a plan?

Success comes from within. For an organization to be successful, in order for your apartment project to be successful, the success must come from within. At the very heart of each project, at the heart of every organization, there are people. In today’s market, the only way to THRIVE, not just SURVIVE, is to have a vested interest in the one thing that sets YOUR organization apart from the next. YOU and YOUR people. Processes, technologies, even buildings can be duplicated. The one thing that can NOT be duplicated is YOU and YOUR people. If this is the one thing that sets your organization apart from the next, do you have a VESTED interest in yourself?A VESTED interest in your people? So the question is:

When it come to personnel development – do you have a plan?

How about PERSONAL development – do you have a plan?

“If you don’t know where you are going, any road will get you there.”

- Lewis Carroll

(Picture provided by Himalayan Trails on Flickr through creative commons license.)

What’s your PERSONNEL/PERSONAL development plan?

Don’t get it? RENT SODA. GET IT!

-Daisy Nguyen in Minneapolis, Minnesota MN

CEO

RENTSODA-small

Business & Marketing Consulting to the Apartment Industry

Web: RentSoda.com   Email: Daisy {at} RentSoda(.)com

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2010 Trend: IN-Clearly Defined Job Descriptions; OUT-Jack-of-All-Trades

Jan 25th, 2010
by daisynguyen.
No comments yet

Lately, much of my work has been very operations oriented. In this time of economic turmoil, companies are returning to the basics. Companies that are still alive today are going back to the drawing board and spending some time to clearly define job descriptions & responsibilities.

(picture provided by KateL366 on Flickr through Creative Commons license.)

Why spend time on something so basic? In the apartment industry, more so than many industries, we have many people classified as a “Jack-of-All-Trades.” I hear this term used so much in our apartment industry. But consider for a moment, the translations of “Jack of All Trades” into other languages:

  1. Cantonese: Surrounded by knives, none are sharp.
  2. Spanish: Knows about everything but understands nothing
  3. German: Wise guy in all alleys
  4. Turkish: One who knows everything cannot do anything

(Translations found on Wikipedia.) I don’t know about you, but a “dull knife” sounds like another way of saying, “not the brightest bulb in the pack.” Why classify a position as a “jack of all trades,” or worse, hire a “jack of all trades” or even worse, classify yourself as such? When I hear someone tell me they need to hire a “Jack of all Trades,” I think, this guy has NO IDEA what he needs. When I hear someone say, “I am a Jack of All Trades,” I think, this gal has no idea what interests her/what she is good at.

Each month of 2010 I will outline a trend that I see based on the conversations I have, questions that are asked of me, and trends that I see happening in our apartment industry. If possible, I will also try to elaborate on the trend.

For January 2010:

IN: Clearly Defined Job Descriptions

OUT: “Jack-of-All-Trades”

What makes a a good, clearly defined job description? Every job description needs to have 4 sections: Basic information, Job Summary, Detailed Responsibilities, and Qualifications.

Basic Information: Job Title, Who the position reports to, Job Status (FT/PT, salary or hourly), Expected Schedule.

Job Summary: A short 1 paragraph summary of the job.

Detailed Responsibilities: This can be a list of responsibilities expected of the job. Be as detailed as possible, without getting into the minutia. Be clear, but leave some room for interpretation depending on circumstances.

Qualifications: This would be a short list of the minimum requirements that YOU/YOUR company requires for the job.

Here is a sample of what my job description as a blogger might look like.

Basic Information:

Job Title: Blogger

Reports To: RENT SODA Readers

Job Status: PT, non-exempt

Schedule: Monday, Wednesday, Friday, 8:00AM – 10:00AM

Job Summary:

Bloggers are one of the most important roles of a dynamic social community. Bloggers must write good content for their readers, continually mine for new topics/ideas and respond to readers’ comments. Bloggers should foster a community of collaboration through their own participation and readership of other blogs. It is the goal of a good blogger to provide good content, express a point of view, present an examination of facts, or tell a good story. The end goal of a successful blogger is to increase readership, collaboration and community.

Detailed Responsibilities:

  1. Research trends and topics in the industry. Mine for topics of interest to readers.
  2. Write/Post a minimum of 2 blog articles a week to be released on Mondays & Wednesdays.
  3. Communicate to the community the publication of the new blog post through various avenues including but not limited to facebook, linkedin, networked blogs, multifamilyinsiders.com, forums/discussions, twitter, etc.
  4. Meet/network with interesting people at least twice weekly. Mention the blog/other interesting blogs if conversations relate to blog articles.
  5. Read at least 10 other related blogs in the industry. Link to those other blogs as often as possible to create a sense of community within the industry.
  6. Comment on at least 5 other blog articles/week. Provide good comments, with good detail – continue the “conversation” through leaving comments on other blogs.
  7. Keep a running list of “ideas” for new blog articles. When not writing a blog article or networking, gather facts for each “idea” file.
  8. Review & analyze blog statistics to better understand blog traffic, topics of great interest, etc.
  9. Meet with other bloggers quarterly to share ideas, discuss trends, review new technologies, etc.

Qualifications:

Minimum 4 year degree.

5+ years of industry experience.

Above average people skills. (for networking)

Well-developed writing skills. (for writing)

Computer Skills-Excellent computer skills required. Proficient in MS Word, and different blogging platforms.

I hope this description and exercise help those of you working on expanding/clarifying job descriptions.

Don’t get it? RENT SODA. GET IT!

-Daisy Nguyen in Minneapolis, Minnesota MN

CEO

RENTSODA-small

Business & Marketing Consulting to the Apartment Industry

Web: RentSoda.com   Email: Daisy {at} RentSoda(.)com

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Supervisors & Employees: Take Advantage of Your “Open Door” Policy

Jan 20th, 2010
by daisynguyen.
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Are you a supervisor with an “open door” policy? Are you an employee that works for someone that has an “open door” policy? Are you maximizing the “open door” policy to be a better supervisor or better employee?

“Open door” policies are not just for dispute resolution. A true open door policy is a communication process where employees and supervisor feel welcomed to discuss business or employment topics together openly.

Why am I discussing this in a blog for the apartment industry? In our industry, more so than any other industry, there is A LOT of opportunity to advance. It is not unheard of for a caretaker or leasing agent to advance through the ranks and become a Community Manager, Regional or even CEO! But very rarely is there time to learn (and seldom do our own supervisors advise us) on how to be a good supervisor or a good employee. A key to being a good supervisor or a good employee is expanding and taking advantage of the ”open door” policy.

Doors are BOTH entrances and exits. There is opportunity on BOTH sides to take advantage of having an “open door.” Let’s take a step back, and ask ourselves, as people (whether you are a supervisor OR an employee being supervised), what does YOUR door look like?

(Left picture provided by h-k-d and right picture provided by roboppy on flickr through creative commons license.)

As supervisors, here are 5 things that we can do to encourage better communication:

  1. Set aside time for each individual employee, and meet with them consistently. This could be a weekly, bi-weekly, or monthly meeting. Whatever works best for you & your employee. Don’t let too much time pass between meetings. I recommend one-on-one meetings at least monthly, if not more often. Always let you employees know when the next meeting is, so that they are not surprised or scared when you request a meeting.
  2. Discuss all kinds of topics during your one-on-one meetings. If you are just starting out with a scheduled one-on-one meetings, keep the topics light and positive so that you can establish an environment to encourage communication. Topics can range from goal oriented topics, like the previous week’s leasing activity compared to the goals, to discussing upcoming educational opportunities, to working on a spreadsheet together or encouraging them to attend upcoming networking events.
  3. Listen at least as much as you are talking. Conversations are 2-way streets! Make sure to ask your employees for their input, their ideas, give them opportunities to express them, let them make decisionsm and support those decisions.
  4. Let you employees know that if they have something to discuss in between meetings, they are always welcome to stop by (or if you don’t office in the same building) to call at anytime.
  5. Every once in a while, monthly or quarterly, take your employees offsite or out of the building. Do a breakfast or lunch meeting. These “once in a while” meetings can include other members of the team – but keep it small, so that there is still opportunity to talk and listen. We all love taking a break from our normal environment!

Remember: These are ways to encourage and establish that your door IS truly always open to your employees. Spend quality time with them, learn about them, mentor them, and watch how much your employees will give and succeed in return!

If you are an employee and would like to have the kind of relationship described above with your supervisor, don’t fret. You can take advantage of the “open door” policy too! Especially if you are a new employee, it is extremely  important if your supervisor hasn’t spent much time with you, for you to find ways to spend time with your boss. It is extremely important to your success to know what the expectations are, how you are doing, and what you can do to succeed or improve. Here are 5 things we can do to be better employees and encourage good communications with our bosses:

  1. Communicate with your supervisor that you would like to meet with them to discuss your progress. This could be progress on a recent assignment or a weekly assignment like your weekly leasing goals, this could be progress towards the goals outlined during your last performance review. If there aren’t any recent assignments or reviews to discuss, let your boss know that you are in the process of setting goals for yourself, and would like their input. Whatever the case, make your case to meet with your boss.
  2. During your meeting, keep topics light and positive. Find ways to give your boss the opportunity to know you. Discuss your goals, bring up educational opportunities that might be coming up, etc.
  3. Listen as much as you are speaking. Don’t just hit them up with a long list of demands YOU want for YOURSELF. Ask for your supervisor’s input. – Whether you are setting goals for yourself, or wanting to attend an upcoming class, ask your supervisor what they think, bounce your ideas off your supervisor, find ways to engage your boss in your progress, and in your success. If you ARE making a request for something, find ways to tie your requests back to a company goal, talk about what the benefits are for you supervisor and the company.
  4. Especially if you are new, or working on a new project, get permission from your supervisor to come back after the meeting if something comes up that you would like to discuss with them. 99% of the time, your supervisors will say YES! – However, always get their permission to set the stage for you to come back and discuss anything.
  5. Know that communication, like doors are 2 ways. YOU have the ability to improve the communication and relationship YOU have with YOUR boss.

Whether we are supervisors or employees, ask yourself, is your open door really open door?

Don’t get it? RENT SODA. GET IT!

-Daisy Nguyen in Minneapolis, Minnesota MN

CEO

RENTSODA-small

Business & Marketing Consulting to the Apartment Industry

Web: RentSoda.com   Email: Daisy {at} RentSoda(.)com

Become a fan of RENTSODA on facebook.  Connect with RENTSODA on LinkedIn!

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Apartment Marketing: Print Advertising for Dummies

Jan 18th, 2010
by daisynguyen.
4 comments

 I was recently invited to be a “pro” for an event at the local apartment association in my area, MHA. One of the recurring questions was, “What elements make up a successful marketing plan?”

 For me, marketing apartments is a multi-step process. A successful marketing plan must understand the different steps, set goals for each step, and find ways to achieve those goals.

 For this blog article, I’m going to focus on Print Advertising as one element of a marketing plan. Your apartment community may or may not have a Print Advertising element, but if it DOES, you’ll want to read this article.

 What do you think the purpose of your print advertisement is? When I ask this question, most managers, leasing agents, marketers tell me, “the purpose of print advertising is to lease apartments.” To some extent, yes, however, the real goal of print advertising is to 1.) STAND OUT, 2.) BE MEMORABLE, 3.) GET YOUR PROSPECTS TO SEEK MORE INFO. (i.e. get your prospects to your website!)

(Picture provided by TMAN2003 on flickr through creative commons license.) 

The end goal of ALL of your marketing & leasing efforts should be to lease apartments. Your Print advertising has to do the 3 things outlined above.

 Have you looked at a FOR RENT Magazine or APARTMENT FINDER Magazine lately? (I am not affiliated with either FOR RENT or APARTMENT FINDER in any way.) In my area, there is probably 200 different choices of apartments in the magazine. As a prospect, the magazine is AWESOME, as it aggregates many of the available choices. However, from YOUR apartment’s standpoint, you should start thinking about HOW DO I 1.) STAND OUT, 2.) BE MEMORABLE, 3.) GET PROSPECTS TO SEEK MORE INFO. (i.e. get your prospects to your website!)

 Last year, I did a focus group at an apartment complex and asked the renters, what they wanted to see out of advertisements. They came up with the typical list of about 10 items long, including pricing, location, amenities, etc. Makes sense. When you look at an apartment magazine, most of the ads have several bullet points highlighting what they feel is best about their apartment community.

 During this same focus group, we asked the renters to leaf through an apartment magazine and pick out the advertisement that they were most drawn to. 100% of the focus group selected an ad that had nothing but a BIG fancy picture, the website, phone# and the name of the apartment community.

 What we found: What people want and what they are drawn to (i.e. sticks out, is memorable, makes them seek out more information) are 2 DIFFERENT things. We then decided that the goal of our print advertising HAD to be 1.) STAND OUT, 2.) BE MEMORABLE, 3.) GET PROSPECTS TO SEEK MORE INFO. (i.e. get your prospects to your website!)

 I’m not advocating that you take the pricing out of your print ads (maybe your pricing IS the memorable thing) - what I AM saying is that YOU must decide what the purpose of your print ad campaign is, and find ways to meet THAT goal. (And you can have more than 1 goal for an element.) Once you figure that out, go back and discuss ALL the elements of your marketing campaign, outline goals for each step, and try to meet THAT goal for THAT step. Don’t try to lease apartments when what you need to do is CAPTURE someone’s attention and get them to WANT to find out more about your apartment community.

 Here are some sample goals that have worked in the past:

 1.) Goal of print advertising is to drive people to our website.

 2.) Goal of our website is to get prospects to pick up the phone and call us.

 3.) Goal of the phone call is to get prospect to commit to a tour.

 4.) Goal of the leasing tour is to get the prospect to lease the apartment.

 Depending on your community, your marketing resources, you may have different elements, and different goals. Decide what those elements are, how to make them successful, and meet your marketing goals!

Don’t get it? RENT SODA. GET IT!

-Daisy Nguyen in Minneapolis, Minnesota MN

CEO

RENTSODA-small

Business & Marketing Consulting to the Apartment Industry

Web: RentSoda.com   Email: Daisy {at} RentSoda(.)com

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Career Advancement in the Apartment Industry: Speak the Language of Business!

Jan 14th, 2010
by daisynguyen.
5 comments

In today’s economy, for every job opening available, there are hundreds of applicants. In working with owners/investors/executive level management, their number one complaint is: there is a shortage of TOP level talent. Many, look outside their organizations to find TOP level talent. And yet, everyday, I hear from people in the industry that feel they are passed over for advancement opportunities and they WANT advancement opportunities. Why the discrepancy?

There is a mis-conception that if you are the best at your what you do, it is only natural that you advance. While this is very true in the apartment industry, it is only HALF of the equation. If you want to double your chances of career advancement – the other half of that equation is this: You MUST learn to speak the language of business.

(Picture provided by daviddmuir through creative commons license on Flickr.)

Whether you are a leasing agent wanting to advance into National Sales Director, or a marketing intern with your eye on VP of Marketing, or a junior accountant wanting to advance to Controller, to Maintenance Technician looking for advancement to Maintenance Director, you must learn to speak the language of business.

What is the language of business? It’s not a foreign language – it’s learning to communicate your contributions to your organization in terms they can understand AND appreciate. It comes down to 4 words: SHOW ME THE MONEY! Or more accurately, Show THEM the money.

I have attended many “owner’s/investor’s” meetings. (Sometimes as an owner’s representative, sometimes as a management company’s representative.) I have been at the middle-management level as well as the executive management level. The one things that is ALWAYS discussed at these owner meetings is – How are “we” doing? And they’re not asking about “our” health or “our” welfare, they want to know, how much money is the apartment project making, OR how much money is the apartment project loosing?

How does this help you in terms of your career advancement?

Since you KNOW that this is the number one concern/question for your apartment owners/investors, and in turn your supervisors (middle management AND upper management), you should start speaking in these terms as often as possible.

  • It’s one thing to say you have increased occupancy from 88% to 90%. It’s much more impressive to say, we increased occupancy 2 percentage points, thus adding $24,000.00 in annual income. 2% is a small number, while $24,000.00 in rent is a BIG number. Show them how you made the money.
  • It’s one thing to admit that you have overspent in marketing (who isn’t?), but its another thing to say, we overspent in marketing by $1200.00, but in doing so, we increased our occupancy by 2%, adding $24,000.00 of annual income. Show them that in order to make money, you spent some money, but overall, there is a net positive gain.
  • What if you are an A/P clerk who processes bills? How do you quantify your contributions in the language of business? It’s one thing to say you enter 500 invoices monthly. It’s much more impressive to say, I process over $100,000.00 of payables monthly totaling over $1.2MILLION dollars of payables monthly. Now THAT’s impressive!
  • What about a caretaker? How does a caretaker quantify their contributions? It’s one thing to say you regularly shovel and salt the sidewalk, its another thing to say, because I shovel & salt the sidewalk as well as document each incidence of shoveling/salting Because of this our insurance claims have decreased over previous years, and this year we saw a property insurance savings in the amount of $1800.00.

Owners, investors, (and your supervisors) want to know you understand exactly how your efforts effect the bottom line – whether it is through income generation or expense control, quantify that. Not only is THAT impressive, it shows you UNDERSTAND the BUSINESS part of the apartment industry. Showing that you understand how you impact the bottom line, also shows that you are not a “victim” of this economy – you’re telling owners/investor that you have control and more importantly, you are exerting control over the one things owners & investors care about: the BOTTOM line. SHOW them the MONEY!

I’m currently working with several clients to help them find top-level talent for their organizations. Their #1 priority in finding someone is to find someone who understands the BUSINESS side of the apartment business. It seems pretty simple – but as an industry, we are so focused on the customer service side (serving our residents) that we sometimes forget to serve our other customers (our owners/investors) Having been on both sides, I know that there people in the industry who DON’T GET IT, and there are those that DO GET IT, but can’t articulate it. If all things are equal, which category do you want to fall in?

  1. I DON’T GET IT.
  2. I kind of GET IT, but don’t know how to articulate it. (In the eyes of your owners & investors, this is the same as #1) – If you are in this category, there is HOPE for you! You can learn the language of business!
  3. I GET IT, and I DO know how to articulate it. (This is what everyone wants.)

What other qualities do you feel your owners, investors and supervisors look for in hiring new employees and advancing existing employees? My purpose for asking is to help people understand what your decision makers look for, so that YOU know what to aim for.

Don’t get it? RENT SODA. GET IT!

-Daisy Nguyen in Minneapolis, Minnesota MN

CEO

RENTSODA-small

Business & Marketing Consulting to the Apartment Industry

Web: RentSoda.com   Email: Daisy {at} RentSoda(.)com

Become a fan of RENTSODAon facebook.  Connect with RENTSODAon LinkedIn!

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Your Apartment Community’s Facebook Page Needs a Vanity URL

Jan 11th, 2010
by daisynguyen.
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Your community’s facebook page should have a facebook username, also known as a vanity URL.

Why? Being able to choose the URL for your facebook page is like a vanity license plate – it not only makes it easy to remember (and hence share with others), but helps you claim a little piece of facebook space as your own. Why let someone else (facebook) randomly set your URL, when you can control how people find you, remember you AND how google ranks you?

(Photo provided by aprilzosia on flickr through creative commons license.)

What am I talking about?

Most facebook URL’s are something like http://facebook.com/profile.php?id=123456789  – that’s hard to remember!

Now take for example, RENT SODA’s facebook URL: http://facebook.com/rentsoda – WAY easier!

In terms of SEO, having a facebook vanity url will help your facebook page rank higher in google searches than pages without a vanity url.

Follow these steps to claim your facebook vanity URL for your apartment community:

1.) First, carefully think of a username you want to use. Once it’s been selected, you won’t be able to change or transfer it. Usernames need to be at least 5 characters made of only alphanumeric characters. A period (.) is also allowed.

2.) Go to http://facebook.com/username  . Follow the prompts for your profiles and each fan page administered by your profile. For fanpages, facebook requires that your page have a minimum of 25 fans.

Don’t get it? RENT SODA. GET IT!

-Daisy Nguyen in Minneapolis, Minnesota MN

CEO

RENTSODA-small

Business & Marketing Consulting to the Apartment Industry

Web: RentSoda.com   Email: Daisy {at} RentSoda(.)com

Become a fan of RENTSODA on facebook.  Connect with RENTSODA on LinkedIn!

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Land of Opportunity or BUST! Do You See the Land of Opportunity?

Jan 6th, 2010
by daisynguyen.
No comments yet

Have you ever noticed the people who complain about the lack of opportunities are also the ones that are the first to say they are too busy to join, have too much work to do, can’t take on another project, and are the ones turning away perfectly good opportunities? Complain, complain, complain, blah, blah, blah. If I were ole “Opportunity,” I would knock on another door too.

(Picture provided by Dominic’s Pics on Flickr through Creative Commons license.)

How can you position yourself to invite more opportunity?

1. Stop Complaining. Not only is this a negative, unproductive opportunity, you can’t hear when opportunity DOES knock.

2. Choose one of the following statements for the day:

A. I make things happen!

B. Things happen to me.

Hopefully, you chose option A. You’re one step closer to inviting more opportunity! If you have chosen B, there’s no one who can help you. Go back to bed. Wake up tomorrow and choose A.

3. HELP yourself. If there is a lack of opportunity in your life, stop and figure out WHY. Take some responsibility on WHY you are in this situation – and take a step to move yourself OUT of the situation. If it’s because you don’t have a degree, sign up for 1 class. Small step, but BOY, you’d be 1 class closer to a degree than you were yesterday. If you’re looking for a job, and the only place you are looking is on monster.com – you’re missing out on the majority of the job market. Most jobs never hit the classifieds! (CNNMoney.com reports over 80% of jobs are never advertised.) Figure out what you’re missing and find a way to GET IT! Stop finding excuses, start finding solutions. Make it YOUR business to be IN business. ENGAGE yourself fully!

4. Forgive yourself for any mistakes, and know that YOU are WORTHY of success beyond your wildest dreams. Most people sabotage themselves – the reason most people don’t succeed isn’t for lack of trying, its lack of belief in themselves. My favorite quote, “Whether you think you can, or you think you can’t, you’re usually right.” (Henry Ford) Why not be right about your success?

How does this apply to our apartment industry?

With this economy, so many people are singing the blues. I GET IT. It’s a tough market. So what? We’re all in this market together. If both you & I are operating in the same market, all’s fair. Go through steps 1-4 not only for yourself, but for your apartment community, for your team, for your career, for your staff. Stop complaining about the market and making excuses. Start finding solutions. Engage in your community’s success. Participate and engage in your community. Forgive yourself, your staff for not being able to run it like it WAS, and run your apartment community the way you CAN, and not the way you CAN’T.

Winston Churchill said, ”

“A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty.”

Do you see difficulties or opportunities in your future? Do you see the Land of Opportunity?

Don’t get it? RENT SODA. GET IT!

-Daisy Nguyen in Minneapolis, Minnesota MN

CEO

RENTSODA-small

Business & Marketing Consulting to the Apartment Industry

Web: RentSoda.com   Email: Daisy {at} RentSoda(.)com

Become a fan of RENTSODA on facebook.  Connect with RENTSODA on LinkedIn!

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Success in the Apartment Industry: Where do you Participate, Participate, Participate?

Jan 3rd, 2010
by daisynguyen.
1 comment

So you read my PARTICIPATE in your SUCCESS article, and your new year’s resolution is to participate in your industry, your career, and your success. Where to start?

No better place than with a recommendation from your peers!

Please leave a comment on where in the industry you are participating, and any comment you feel relevent. AND, if there’s a link, GREAT!

I’ll start:

MN MHA -non-profit local apartment association: http://www.mmha.com – they have focus groups that are always looking for more volunteers. I have met some industry GREATS in these groups, and we have made a difference for our industry!

Aeon – Homes for Generations: http://aeonmn.org – this is a non-profit affordable housing provider in Minnesota. They have many volunteer oppotunities, AND, they are always looking for people who are interested in serving on the Board of Directors to apply.

I also attend several networking events put on my a local neighborhood association called the Uptown Minneapolis Association. I’ve met some AWESOME people here and now also write for the Uptown Neighborhood News through connections I made at the networking events!

What’s your New Year’s resolution to PARTICIPATE?

 Don’t get it? RENT SODA. GET IT!

-Daisy Nguyen in Minneapolis, Minnesota MN

CEO

RENTSODA-small

Business & Marketing Consulting to the Apartment Industry

Web: RentSoda.com   Email: Daisy {at} RentSoda(.)com

Become a fan of RENTSODA on facebook.  Connect with RENTSODA on LinkedIn!

Follow RENTSODA on Twitter!

Picture provided by Baratunde on Flickr through Creative Commons license.

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