RENT SODA's BLOG: Apartment Industry Ideas Rotating Header Image

Career Advice

Success Stories: Two Apartment Managers Who Started Small & Making A BIG Splash!

This is the first blog in a series of blogs that takes a closer look at success in the multi-family apartment industry – Who’s successful? Who’s Being promoted? How did they do it? and most importantly to YOU as the reader – can their stories help YOU become successful in your apartment industry career?

This blog examines:

Two SUCCESS Stories of Apartment Managers Who Started Small

and Currently Making a BIG Splash!

I interviewed Kate Heitzman of Greco Properties – General Manager at BLUE in Uptown Minneapolis, a 242 unit luxury market rate property and Toni Powell of Bigos Management – Community Manager at Calhoun Greenway also in Uptown Minneapolis, a 350 unit market rate property. Both management companies operate in Minnesota.

Q: How did you get your start in the apartment industry?


Above: Toni Powell of Bigos Management

Toni: By accident! I moved to the twin cities from St. Cloud. The apartment building I moved into didn’t have my apartment ready – they needed a manager, and there I was. It was a 40 unit 1st tier

Minneapolis suburb, class A property. Eventually, they asked me to take over a different 38 unit luxury townhouse project. I did. When my manager left, I asked to take over both properties. I was bored and I needed MORE. They didn’t think I would be able to handle both properties, but they gave it to me, and I made it work.

Above: Kate Heitzman of Greco Properties

Kate: I had always worked in retail management, and didn’t want it anymore. Once I had a kid, the hours didn’t work for me. I did my research and felt that as a single mom, property management would fit into my lifestyle. I applied for a full-time caretaker position at Laurel Village. As you may know, Laurel Village is one of the largest properties in the twin cities metro area with 720 units across 7 buildings spanning 3 city blocks in downtown Minneapolis. On a site this large – there’s a lot of miscellaneous stuff that needed to get done. THAT was me. It gave me a good introduction into property management – I’ve seen a lot and done ALOT. I’ve been surprised by people many times, and they STILL surprise me to this day! That’s property management for you – never a dull or predictable moment.

Q: How Long did you stay in your first property management job before you decided to move on? What made you decide to move on?

Toni: (I stayed with my first company)…for 3 years and then started to look for opportunities. I get bored REALLY easily, so I need to have challenges!

Kate: I was there (at Laurel Village) for 3.5 years. In the last year, I realized that I would definitely stay in property management, but I REALLY wanted to have my own property to manage. While I was at Laurel Village, I was promoted from Caretaker to Operations Assistant.

Daisy’s observations: It looks like for both Toni & Kate, stayed a decent amount of time with their first employers and learned as much as they could learn. As it does to many people I have talked to in the apartment industry, it HOOKS you, it gets in your blood, and then you’re left looking for MORE. They both wanted MORE > which is the catalyst that prompted them to look for the next step in their career. Interesting!

Q: Where did you go next? What did you decide to look for? How did you find your next job?

Toni: Another peer I networked with worked for Bigos and LOVED the company. So I found a job posting they had listed and interviewed with a Regional Manager at Bigos. I didn’t hear back from him! But I KNEW I wanted to work there (at Bigos), so I decided to call him once a week for 2 months. I had heard that the “word on the street” was that I was not a good fit for the property I had applied for, but I knew in my heart, I wanted to work for Bigos. My persistence DID pay off. Another Regional Manager at Bigos called me and offered me a job at Mallard Creek – 120 units in Golden Valley. It was a market rate, older property (20 years old) in a GREAT area.

Daisy: Here’s a woman who doesn’t take “no” for an answer!

Toni: I stayed at Mallard Creek for 3 years, and during that time, I handled a total rehabilitation of the property (interior and exterior) – it kept me challenged and I was constantly learning new things.

Kate: I started to look for opportunities where I could manage my own site, and saw an ad for a Section 8 property in Edina. It was 80 units spread across 4 different buildings – similar in set-up to Laurel Village, but that was where the similarities ended. It was MUCH different in size and demographics. I stayed there for 1.5 years – I worked hard, I did everything from ripping out carpet with my Maintenance guy, plunging toilets, to doing Section 8 paperwork. You name it, I did it. I’ve not only become pretty handy with tools, when I work with Maintenance, they respect me, as I’ve done many of the things they’ve done right alongside them. I learned everything I could about managing my own site, and my next opportunity was a larger site in Chanhassan – 162 units. I stayed there for a year before realizing I didn’t like being so far out. From there, I was contacted by someone I knew in the industry to manage a 290 unit property in St Louis Park. My sites kept getting bigger and bigger, my responsibilities grew, and I learned A LOT during this time!

Q: Why/How did you decide to go about finding your next opportunity?

Toni: I love working for Bigos. I have great managers/supervisors. I communicate with my supervisors that I want something new, and that I can get bored really easy. They always find ways to challenge me. I love new challenges. After Mallard Creek, when I started getting bored again, I started to apply to other openings in our company, but I didn’t get the positions I applied to. In hindsight, it was a GREAT decision both for myself and for Bigos – because I got to do all the things I did, learned a lot, then when I WAS ready, Bigos was there to challenge me. My next challenge was a 245 unit market rate property in Plymouth called Willow Creek – I stayed at Willow Creek for 1.5 years before applying for other challenges within the company. From Willow Creek, I was promoted to Shadow Hills, a 322 unit market rate property – we won property excellence last year at the MADACS – this property is one that I consider my biggest challenge and triumph so far! I’ve been with Shadow Hills now for exactly 12 months, and just when I thought I might get bored, along comes another challenge. (At the time of the interview) – Next month, I will be transferring to a Calhoun Greenway. This is in Uptown – I’ve always been in the first tier suburbs. This will be a whole new area and demographic for me. This is a new acquisition and total rehab of 350 units. It’ll be totally different than anything I’ve done, its different clientele, different location, with lots of moving parts. I’m going to LOVE it.

Kate: Working in the suburbs, I realized I missed the hustle bustle of a densely populated urban area. I knew I wanted to either return to downtown or uptown in Minneapolis. I began networking with people I knew, putting my feelers out for opportunities that met my need. I now had experience, so I didn’t want to go just anywhere. I wanted to find the right match for me & my family. I knew what I wanted, and I was willing to be patient and look for the right opportunity. That’s when I heard about Greco Properties and their new project in Uptown Minneapolis, called Blue. 242 units of luxury market rate apartments in Uptown. This was a new project with a new lease-up – something I had never done, but couldn’t wait to do.

Q: What are the biggest challenges going from a smaller property to bigger properties?

Toni: It wasn’t much different. The more units you had, the more people you have to get everything done. For me it wasn’t a change. You just learn to manage and increase your employee base, and work on larger numbers when thinking about resident retention. The challenges in property management are the same from a small property to a large property – those challenges are resident relations, turnover, staff moral (especially with management company transitions), and the most challenging of all, but also the most rewarding – is to take a property over from another management company and bring it up to the Bigos standard of excellence. We have a standard of excellence – both with apartment residents and employees. Sometimes making those changes can be tough – but in the end, it’s good for everyone.

Kate: The biggest challenge is all the things you don’t know. But just know that its trial & error, and if you’re smart, you can figure it out quickly. The biggest challenge for me is to know what I want out of a job/career. It’s taken me a couple of years of experience to find my niche – find what I liked, what I don’t like, what I am good at, what I am not so good at and find a company who wants me for all the things I do well. There’s a lot of variety out there, and lots of availability. There’s a job, career, company for everyone. You have to find the right property and right management company for you.

Q: What do you think has played the biggest role in your success – what would you advise others to look for/do to become successful?

Toni: The thing with Bigos is that they’re a big, smartly run company. There’s always another opportunity to do something new. They’ve been a HUGE part of my success. They support their people, they provide education, they have opportunities – it’s a culture of cultivation. Bigos has promoted and moved people within the organization – which has been a HUGE part of my learning, growth and success.

I also advise others to communicate with their supervisors about their long term and short term career goals as well as what you’re good at, and what you want. I’ve always communicated to my supervisors what I want next, let them know I BELIEVE I can get it done. I’ve let them know that I can get bored easily and I need to have new challenges. I have been lucky to have supervisors and managers that listen and utilize me to the best of my abilities.

Kate: Ask A LOT of questions, get to know your peers in the industry, go to the MADACS & other MHA functions, attend networking functions that are offered in the industry to get to know everyone and what’s out there. It’s a big industry, but at the same time, it’s SMALL – you know? You can get to know people, network with them, help them out, treat your vendors well, etc.

I also recommend that everyone get to know themselves and what they want. For me, I have always looked for smaller, more hands-on management companies where they know you personally and where you’re not just another employee. It’s more family oriented. Where you feel like your suggestions and voice is heard – where they DO listen and implement your suggestions. I found out what I wanted through my journey and when I looked for opportunities, I paid attention to what made sense to me – what I wanted out of a management company. When I’ve found the right management company – I am able and allowed to be successful.

Daisy’s observations: Both women were high energy, go-getters. Both started relatively small, and grew their success from there. One went the path of a large management company, and the other went the path of picking smaller management companies with the right opportunities that met her needs. The thing that struck me about BOTH of them is that they both KNEW themselves well – knew what they wanted, knew what they were good at, and knew what they were looking for. I talk to A LOT of people – there are MORE people that are confused about who they are and what they want to do than there are people who KNOW themselves. These women KNEW themselves. This is part of their success.

Something not noted in the blog, but I want to mention, is that both Kate & Toni talked extensively about their team and resident strategies. It is clear that both liked working with people, and both women valued working in teams, as well as valued their teams.

It is our hope that through our SUCCESS STORIES series, you, the reader, will find new inspirations, new ideas, new ways of becoming successful. Our next SUCCESS STORIES blog will be focusing on individuals who have been successful making a transition from being a vendor in the apartment industry to working at a property management company.

Are you at a small apartment community manager or leasing agent with goals to work your way up? Have you worked your way up and have additional tips to add on what it’s done, and how to be successful at moving towards larger goals? Leave us a comment and share with the readers!

Don’t GET IT? RENT SODA! GET IT!

-Daisy Nguyen in Minneapolis, Minnesota MN

CEO/President

RENTSODA-small

Offering Apartment Marketing, Apartment Business & Operations Consulting & Apartment Leasing Training

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

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

Follow RENTSODA on Twitter!

Be the first to like.
Share

Building on Your Strengths: Build Success

I have learned to hate reviews.  Not so much the receiving of them (although I have had some surprises in my time—and there really should be no surprises in a good review) but the preparing and reviewing of them.  All too often all of the energy is devoted towards highlighting weaknesses—or in an effort to warm things up a bit: “Areas for Improvement”.  There may be 17 ‘Excellents’ out of 20 categories but the majority of space will be devoted to the three categories that are not excellent.

Why can’t we be more like pro-football?

Why can’t we focus and further develop our strengths?  If you have someone naturally gifted in marketing, why would you ask them to devote their time to budgeting?  If you have an administrative guru, why would you be upset that their closing ratio is below the company average?  (Here I have to confess that the idea for this blog came while listening to my co-instructor, Michael Monroe Kiefer (www.powermindtraining.com), teaching a segment on Personality Styles, a profile assessment tool.  But more on that later.) 

Now I realize that we don’t have NFL-sized budgets; however, does it make sense to hire the right strength for the job, and then find other ‘right’ strengths for the jobs around them?

Often when we talk about someone’s strengths, they may look surprised and think, “Well, everyone does that.”  We tend to minimize the things that we love to do or find easy.  And yet, wouldn’t we be happier if we could spend all of our time doing the things we love?

How do you assess your strengths?

  1. Send an e-mail to your family, friends and coworkers asking what they perceive to be your strengths.  People tend to be more ‘real’ when they cannot see your reaction.  The benefit of asking people from different areas of your life is that they will give you a broader perspective on how you are perceived. When you get their responses you can take this information and cut and paste it into a single action plan. 
  2. Review your review.  Is there anything your supervisors have consistently said?  Do you see a pattern of strengths and weaknesses?  (Have you noticed that it is much easier to see other people’s strengths and weaknesses?)
  3. Take a personality profile assessment.  DiSC is one assessment that is inexpensive and can be done on-line in twenty minutes or so.  As I mentioned earlier, Michael Monroe Kiefer is a huge proponent of focusing on your strengths and offers a profiling analysis geared towards a better understanding of your customers and co-workers and is geared towards understanding how best to communicate with them.  You will discover that we have a lot of subconscious preferences. The results will help you understand your behavior as well as appreciate your coworkers’ differences.
  4. What activities entice you to come back?  Generally our strengths include those things that we are drawn to, get lost in or make you feel good.  (Conversely, your weaknesses are things that leave you feeling small and depleted.)   Think about the days when you come home charged up and excited.  What tasks were you performing that day?  Conversely, think about the days when you have come home wiped out and drained.

Play to your strengths | Compensate for weaknesses

If you find yourself in a situation where your job requires you to devote time to an area of weakness, create a personal development plan to improve these areas.  (How do you determine if something is an area of weakness?  Tasks that you ignore, delay, procrastinate, try to hide or are uncomfortable discussing are areas of weakness.)  Where possible, delegate any areas of weakness (e.g. budgeting, scheduling, ordering or reviewing financial line items) to someone on your team better suited to the task.  Bring your team in on the exercise.  Explain that everyone on the team has strengths and weaknesses and that you want to assign tasks based on what each person does best.  P. Alex Linley and Susan Harrington discuss this concept in an article in The Psychologist

“By exploring each individual’s pattern of strengths, the emphasis becomes one of optimising what people are best at, while recognising and managing those situations that they may not handle naturally well, and addressing these through appropriate job allocation, complementary partnering, or strengths-based team working, rather than trying perennially to ‘address their weaknesses’ and rectify the fact that people may have been put in the wrong job to begin with.” 

By discussing it as a team, you can brainstorm optimal task assignments and create employee buy-in at the same time.

Building a new team?  Even better!  Take this opportunity to hire for your weaknesses.  All too often we hire people like us.  Resist that temptation and hire a team to balance you out.  Their strengths will supercharge your career! 

That doesn’t mean we totally ignore our weaknesses however.  Linley and Harrington add:

Overall, a strengths-based formula for organisational success would be to play to your strengths (through identifying them and finding a role that is congruent with them), develop your competencies (through ensuring that you are at least minimally effective in critical areas of the job), and manage your weaknesses (through job redesign, complementary partnering, or strengths-based team working).

We tend to spend a lot of time and energy dwelling on our weaknesses.  As in most investments (and shouldn’t our development head up the list of our own investments) apply the 80-20 rule.  Spend 80% of your time making use of your key strengths and 20% of your time developing your weaknesses.

So stop spending so much energy on your weaknesses.  Play to your strengths and focus on what you love.  Life will be much better!

Cheers!  Jim Baumgartner | Rent Soda

Be the first to like.
Share

TOP 5 RENT SODA Blogs – Thanks for Reading!

The great thing about good content, it continues to be GOOD CONTENT. We are always striving for good blogs for our loyal readers!

As the small type on the picture states:

You can never learn less, you can only learn more. – Fuller R. Buckminster

In case you missed out on some of the best, here’s a recap of what the past 6 months had to offer in the way of RENT SODA blogs:

TOP 5 RENT SODA blog posts:

5.) How To Be Successful In the Apartment Industry: Participate, Participate, Participate!

4.) What Kind of Job are YOU Looking For? Anything Less Than the Best is a Felony!

3.) Apartment Jobs: From Resume to Job Offer: How to get the CALL! – not surprising that this blog post received so much traffic, given the current job market.

2.) Apartment Marketing: Print Advertising for Dummies – this blog won the BLOG OF THE MONTH on MultiFamily Insider’s! The post was picked up and published in the March edition of the Houston Apartment Association’s Abode print magazine.

And the #1 MOST read RENT SODA blog is:

1.) TOP 10 TIPS to Get the Most out of your Craigslist Apartment Ads – We received over 2500 hits on this article in less than 3 weeks, over 400+ hits on the first day alone.

Thank you for reading, and please check back often! Recommend our blog to your friends and co-workers, association, peers, etc. We are ALWAYS working on more great content for you!

Don’t GET IT? RENT SODA! GET IT!

-Daisy Nguyen in Minneapolis, Minnesota MN

CEO/President

RENTSODA-small

Offering Apartment Marketing, Apartment Business & Operations Consulting & Apartment Industry Training

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

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

Follow RENTSODA on Twitter!

Be the first to like.
Share

Leasing Agent Compensation?…First a word about VACANCY!

As a consultant to the apartment industry, I am asked a LOT, “What’s fair leasing agent compensation? Is their a leasing commission structure you would recommend?”

There is no easy or short answer to this question, so let’s take a round about way of discuss it, and then my next article will zoom RIGHT into what I recommend.

I find it a little backwards when people want to know what OTHER properties or OTHER management companies are doing when it comes to leasing agent compensation. I never say it out loud, but I’m always thinking, “What’s it worth to YOU?” (as owner/manager) AND, “What’s it worth to THEM?” (your leasing agent/leasing specialist)  What do I mean by that?

FIRST, let’s first talk about the REAL problem – VACANCY.

I don’t have a vacancy problem!

Well, then, you shouldn’t worry about leasing agent compensation then!

OK, OK. Let’s talk about vacancy…

TO make it easy, let’s say we’re talking about ABC Apartments. They have 100 units. Their average rents are $1000.00/unit.

Prior to the rental market taking a downward turn, ABC Apartments has been running along great, apartments never took very long to lease, and they had been at 97% occupancy for many years.

Fast forward to today, they are at 88% physical occupancy, which means they are at 12% vacancy. All of the sudden, they are struggling with just staying ahead of the renewals and turnover. Increasing the occupancy in the midst of the resident turnover looks very daunting.

Let’s do the math.

At 97% occupancy, the vacancy loss is:

(Average Rents) x (# of Vacant Units)

$1000.00 x 3 vacant units = $3000.00 of vacancy loss monthly. This is what they are used to operating at. Annually (x12), this amounts to $36,000.00 of annual vacancy loss.

TODAY, at 88% occupancy, the vacancy loss is:

$1000.00 x 12 vacant units = $12,000.00 of vacancy loss monthly. Annually (x12), this amounts to $144,000.00.

The different in vacancy loss monthly is $9000.00! ($12,000 – $3000) And annually, the difference is $108,000.00! ($144,000 – $36,000)

How much does the $108,000.00 mean to the site? The Owner/Investors? The manager? Now that we have things in perspective, it brings up a WHOLE bunch of other questions, like:

  1. Do you have the right staff in place? If your maintenance guy is doing showings – you may have a problem.
  2. Do you have a plan in place for resident retention? If you have vacancy problems, you HAVE to have a plan in place to close the back door to your vacancy problem.
  3. Is your staff properly trained? Not just in customer service, but in closing on leases?
  4. Is your staff properly motivated and positioned to succeed? (This question leads into the real TOPIC: What’s a fair Leasing Agent compensation package?

Do you have other questions? Other considerations? Leave me a comment in the COMMENTS section!

My next blog article, will discuss different leasing compensation programs, and how to pick what works best for you, your site, and your staff.

Don’t GET IT? RENT SODA! GET IT!

-Daisy Nguyen in Minneapolis, Minnesota MN

CEO/President

RENTSODA-small

Business, Operations & 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!

1 person likes this post.
Share

New to the Apartment Industry/Job/Career? 4 Stages to an Epiphany!

Are you new to the apartment industry? New to your employer? New career? New promotion? On a new project? There are 4 stages that every NEWBIE goes through before becoming comfortable in the new position.

When I first started at Dominium Management Services several years ago, I was lucky enough to take a class called “Managing for New Managers,” taught by a wonderful human resources mentor named Claudia. I took away a few lessons from that class, that not only helped me in my new job - I still remember those tips to this day and pass along this info to all newbies I meet!

Before we get started, I first want to mention for anyone who is new to the apartment industry: CONGRATS! You have just joined the most exciting, most demanding, most fun, most fullfilling, most intelligent, most rewarding industry – EVER! If your manager hasn’t prepared you, I’m preparing you now:

4 Stages to an Epiphany in the Apartment Industry

  1. STAGE 1: UNCONSCIOUSLY INCOMPETENT: You read it right. INCOMPETENT. In this stage, you’re feeling good. You just landed a job – especially in this economy, this is quite a feat! You beat out the hundreds of other applicants and you were chosen as the best fit for the job. CONGRATS! You’re being introduced to everyone, your resume is being passed around, people are oohing and ahhing. Everyone LOVES  you and can’t wait for you to get started. YOU can’t wait to get started! You feel important, after all, you’re working for ABC Apartments/ABC Management Company and they own millions worth in real estate. The honeymoon’s just begun. This feeling can last anywhere from a week to a month before you head into…
  2. STAGE 2: CONSCIOUSLY INCOMPETANT: This is when you start to feel a little insecure. There’s SOOOO much to learn! You’ve just started to realize you are in charge of this multi-million dollar asset, and no one’s ever trusted you with even $100 before, let alone an asset worth millions! Then there’s Fair Housing – oh my! They expect you to market, lease, understand financials, manage people, respond to residents, live on site, deal with maintenance issues, vacuum on occasion, AND all with a smile, please and a thank you. Budgets? Maintenance? HAP? HUD?  OOOOOHHHHH MY. You’re ready to pull your hair out and rethink this whole new industry, whole new career, whole new job thing. BUT STOP! This stage is perfectly NORMAL. I tell ALL new job applicants, and all new hires, give it 90 days, and if you don’t feel better by the end of 90 days, let’s have a serious talk. The good news is, EVERYONE goes through this, it’s perfectly normal, and it WILL get better. I’ve done takeovers where I’ve had people cry in my office because of how overwhelming it is – and they’re not use to the chaos of change. Give it 90 days, and those same people are skipping, having a good old time, and thanking me for letting them know – IT’s OK. This stage usually lasts anywhere from 90-120 days, with some relief right around 90 days.
  3. STAGE 3: CONSCIOUSLY COMPETENT: At this stage, you’re starting to GET IT now. It’s not easy, but you know where to find the answers, and you’re starting to kind of like the job/industry/career! You understand what your job entails, and you’re starting to understand not only where you fit into the equation, but the whole bigger equation of the APARTMENT industry. Things that seemed like a foreign language to you, terms like, gross potential rent, RUBS, HAP, HUD, NOI, cost per lease, marketing cost per unit, traffic, replacement reserves, Yardi, MRI, multi-family residential – terms once alien, are starting to roll off your tongue. Things that used to bother you (residents coming into your office and interrupting your line of thought, vendors vying for your time, overly dramatic leasing agents, non-communicative maintenance technicians, etc.)  – are now an everyday part of your life. You’re drinking the koolaid, and it’s starting to taste good. You see light at the end of the tunnel, and you contemplate taking a day off – soon.
  4. STAGE 4: CONSCIOUSLY COMPETENT: EPIPHANY! Then one day, all the sudden, you’re walking along, multi-tasking with your blackberry in one hand, maintenance work orders in the other hand, picking up trash/stuffing it your pockets, and just as you round the corner, your leasing agent and maintenance guy are waiting with an angry resident in tow. You have 10 minutes to compose yourself and your office before your apartment owners/asset manager/big-wigs come for their annual visit. You smile, look at your crew, and say, “What a beautiful day outside. Let’s talk about what’s bothering you so you can enjoy the rest of the morning!” An epiphany hits and you realize, I LOVE this crazy industry/job/career, and if not for the variety, people, experiences, life could be SOOOO boring! I’m GETTING IT! WHOOHOO!

Loss of new hires usually occurs at STAGE 2. Before you give up or before you allow YOUR new hire to give up! Realize, IT’s OK. Give it time, and you’ll GET IT.

Since I’ve started to tell every new employee I hire about these stages and open the door for honest discussion, give them permission and encourage them to vent to me during STAGE 2, my employee turnover has dropped significantly. In addition – those people will come vent, talk and sometimes cry in my office – but 90 days later, they are laughing with me, hugging me, and asking for new projects and challenges. I LOVE this crazy apartment industry!

Don’t GET IT? RENT SODA! GET IT!

-Daisy Nguyen in Minneapolis, Minnesota MN

CEO/President

RENTSODA-small

Business, Operations & 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!

Be the first to like.
Share

GET OUT of HERE! How To GET IT When You’re In A Rut

It can be hard to always be ON. It can be hard to GET IT all the time. Whether that means being CREATIVE, ENERGETIC, FRESH, SUNNY, SOCIAL, PATIENT, or POSITIVE. When you go to the same office (apartment complex/corporate office/etc.) everyday, talk to the same people every day, or drink the same kool-aid every day, you can get into a rut. All of the sudden, you don’t get it anymore! You are in a perpetual Ground Hog Day movie. From there it’s downhill – you become bored, you question your career choice, you drag you feet, you complain, and you become reactive rather than proactive. Next thing you know, you’re blaming others for you lack of motivation and not taking responsibility for your predicament. What stage of this slippery slope are you in? Does this sound familiar? Just coming back from the National Apartment Association (NAA) Education Conference, my brain if overflowing with ideas, there is an extra hoppity skip in my step, my fingers are flying over the keyboard at lightening speed, and images of sugar plums are dancing through my head. Seriously, I am just electric right now! I am once again reminded that a change of scenery, meeting new people, listening to new ideas, being reminded of great old ideas, making new friends, and having FUN – can do WONDERS for your creativity, productivity and energy level. If you have the opportunity, I HIGHLY recommend attending conferences in your area of expertise/interest and surrounding yourself by this type of energy. It can be a national conference, or a local conference. Don’t just ATTEND – fully IMMERSE yourself into the middle of all that positive activity, fully ENGAGE and SOAK up as much as your head and your heart can handle. It does wonders for productivity!

And if you can’t attend a conference or two here and there – create your own opportunities to feel excitement. Leave your office for 30 minutes (when you can of course) and immerse yourself into something TOTALLY different, have lunch with a colleague, look at art, eat something mouth watering, go to the gym, or do whatever it takes to get your heart pumping and energy level up. Feel ALIVE, and watch how “work, work, work…” becomes “fun, fun, fun!”

If you’re a cynic and this sounds like too much work for you, too far out, or <insert your excuse here> , here are my favorite quick fixes to get out of a rut:

Want to get motivated? Check out Gary Vaynerchuk CRUSHES it! …here’s a short excerp, “…There’s no reason to do SH*T you hate…you can loose just as much money being happy as hell!” httpv://www.youtube.com/watch?v=EhqZ0RU95d4

Check out this little girl in How To Stay Positive…here’s a short excerp, “…I like my WHOLE house…I can do anything good…better than anyone.” Not only does this one make me feel good, but if a 4 year old can do it, so can I! httpv://www.youtube.com/watch?v=qR3rK0kZFkg

I Want To Be a Billionaire – Travie McCoyMusic Video - forget about the profanity, but this song just makes me snap my fingers and skip along no matter what’s going on! httpv://www.youtube.com/watch?v=8aRor905cCw

I have several exciting blog posts coming out of this my trip to NAA in NOLA – watch for them to follow shortly. I’m TOTALLY pumped. Are you?

Don’t GET IT? RENT SODA! GET IT!

-Daisy Nguyen in Minneapolis, Minnesota MN

CEO

RENTSODA-small

Business, Operations & 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!

Be the first to like.
Share

Good Customer Service is Dead! Where is the LOVE?

You read it right -GOOD Customer Service is DEAD. Where is the LOVE?

httpv://www.youtube.com/watch?v=WpYeekQkAdc

(Video: Black Eyed Peas – Where is the Love?)

This is actually good news – If you are one of the few apartment communities that consistently provides good customer service, you are WAY ahead of the game. Even if you THINK you’re doing a great job, this article will be an EYE OPENER. Read on! (This blog-post was inspired by a recent blog post and discussion initiated my Brent Williams – read his original article here.

In today’s market, the BEST way to control vacancy is to close that back door – meaning KEEP your current residents! Don’t let them leave! We all know it costs us a WHOLE lot less to keep a current resident than it is to turn an apartment and find a new resident! The few prospects that ARE in the market for a new apartments – they KNOW they are a WANTED commodity, SO they are shopping for the best deal. Our current residents? They want a good deal too – however, more than wanting a good deal – they want to feel good about choosing to spend their money with YOU.

GOOD Customer Service is Dead! Where is the LOVE?

So why is this good news? Good customer service can be IMPROVED. It’s not like a location or an expensive amenity.

YOU have the power the improve this! 

Not only do you have CONTROL over this, based on some recent experiences (See Brent Williams blog about his renewal experience here), it wouldn’t take much these days to stand out from everyone else.

I LOVE shoe shopping. My favorite place to shop for shoes? Nordstrom’s shoe department. They tend to have pretty good customer service overall - but NOT all customer service is created equal. I have found that when my regular salesman, (let’s call him Adam) helps me, I will leave the store with at least 3 pairs of shoes. And when it’s someone else – most times I leave empty handed. Why? Everyone is extremely helpful and cheerful – its Nordstrom’s after all! But when Adam helps me, he makes me feel like the ONLY person who SHOULD be wearing THOSE shoes, should be ME. (“Darling! Those shoes were MADE for you!” or my favorite, “I won’t be able to look at those shoes on someone else’s feet the same way EVER again. And I have 6 pairs left back there!” It’s partly how he treats me when I am trying on shoes, but in the course of getting to know me, he has gotten to KNOW ME. He knows what my style is (knows the labels that typically appeal to me), he’s gotten to know what my preferences are (LOVE PINK, RED, GOLD), he knows my foot size. AND he tells me when something is NOT right. (“Friends don’t let friends wear THOSE out.”) I’ve learned from my shoe experience and have singled out a GREAT sales person in each department or store that I frequent. I don’t put up with bad customer service, and believe me. BAD CUSTOMER SERVICE happens to GOOD PEOPLE – ALOT more frequently than we care to admit – especially when it comes to our own communities!

Learn from Nordstrom’s – in a time when EVERY other store is having a sale EVERY WEEK, they seldom have sales. I pay full price every time I shop there – but I feel GOOD doing it.

THAT’s what your current residents want from you – make them feel GOOD about spending their money with YOU. SHOW THEM THE LOVE.

As I mentioned previously, BAD CUSTOMER SERVICE happens to GOOD PEOPLE. I have noticed that in this economic time, it is EXTREMELY hard to find good customer service. Many times, when I am out and about, shopping, dining, etc. Mediocre or bad service is so common – in fact it IS the norm. Customer service people are talking to each other, ignoring customers, acting as if somehow, the presence of a customer waiting for service actually is a nuisance! At some restaurants, especially during non-peak hours, the service is downright poor. Why is this?

A recent discussion at my local apartment association, MHA (Minnesota Multi-Housing Association) zoned in on the fact – it’s NOT that we (as customer service providers) don’t KNOW what GOOD customer service is. Bad news & bad attitudes are everywhere. It’s a depressed market. WE feel it, we are stressed, we are strapped on time, our budgets have been cut, our payroll hours have been limited, pay freezes. YOU name it, we’ve all experienced more bad news than most of us have ever experienced or care to remember. We’re not the ONLY ones this is happening to! Our residents, prospects, clients are experiencing this TOO. 

Back to resident retention and good customer service at your community. The one place where your resident spends the majority of their time is at HOME – at YOUR apartment community. The biggest check they write EVERY month is a rent check to YOUR community. The ONE place where we don’t want to feel the everyday pressures of a bad economy, depressed market, bad news is at HOME. Your community is HOME for every one of your residents. It’s not enough to say “good morning,” or “how are you?” when your resident comes home in the evening. Get to KNOW them! Have a genuine interest in your residents. You should know who are the frequent fitness buffs, which ones are early starters, which ones have pets, etc! Talk to your residents, engage in positive interactions with your residents, get their input. Get to KNOW them! Even if YOUR community has 500 or more residents, it is nowhere near the kind of traffic Nordstrom’s gets on a weekend. Learn from the best and forget the rest!

SHOW YOUR RESIDENTS THE LOVE.

If the only conversations you are having with your residents is when they sign their lease, when they are late on rent, and when they renew, SOMETHING IS WRONG. Where is the LOVE there? If you’re only dealing with “customer service issues” (i.e. complaints) instead of receiving letters or thanks and praise from your residents, the customer service at your community is lacking. There are hundreds of ways to have positive interactions through-out the course of a resident’s lease term. Create THOSE opportunities, and make it a part of EVERYONE’s responsibility on site.

SHOW YOUR RESIDENTS THE LOVE.

Don’t GET IT? RENT SODA! GET IT!

-Daisy Nguyen in Minneapolis, Minnesota MN

CEO

RENTSODA-small

Business, Operations & 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!

Be the first to like.
Share

Apartment Jobs: From Resume to Job Offer: How to get the CALL!

I LOVE American Idol. At the audition stage in the game, when the judges are trying to find the best talent in each city, in 10 seonds or less, they can tell whether someone MIGHT have what it takes to “Be The NEXT American Idol.”

In some ways, American Idol is very similar to the resume-interview-callback-job offer process. The end result is the same: Every company is looking for their NEXT rockstar. Are you IT?

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

Not feeling so much like a rockstar? For every apartment jobs listing I post, I receive somewhere between 100- 250 resumes. How do you stand out in the sea of paper, shine at your interview, get called back for a 2nd interview and land that job?

YOUR Resume = The Audition

Receiving over 100 resumes is not fun. I’ve got it down, much like the American Idol judges, in 10 seconds or less, I determine if the candidate is ”qualified” enough to get to the next stage. How do you stand out in 10 seconds or less?

Less is more. Don’t send in a 3 page resume. I’ll never read the entire thing in 10 seconds. With over 100 resumes, my job is to screen candidates OUT. Don’t risk getting screened out too soon by providing me all that information – and much of it being irrelevant to the job I have to offer. Shorten it up. Focus on the relevant points, and shorten up the rest. Oh, and follow directions folks! If the job posting asks for references, give me references. If it asks for your salary range, provide that. If it asks you to enter your entire resume into an online system – do THAT and do it well. If you can’t follow instructions, I might assume you can’t follow instructions…

The Phone Screen = The 1st Round

Out of 100+ resumes, I’ll narrow it down it about 20-30 candidates.  The phone screen is used to help me get some basic information about you, and narrow the scope down to 5-10 good candidates. AGAIN, to screen you out! AND, at least for me, and most of the hiring managers I know, its SOLE purpose is to determine if you’re at least SANE enough, positive/upbeat, courteous. VERY basic stuff, but you’d be surprised as to how many people blow off the phone screen, as if it weren’t important. Just because a secretary, assisstant or HR intern is conducting the phone interview doesn’t mean their opinion doesn’t count. Maybe its going to be your new boss! Whatever the case, be on your best behavior. My first and last question of my phone screeners usually is: How did the candidate treat you? If you are mean, rude, late, eat while you’re on the phone, ask inappropriate questions or say inappropriate things, this information IS passed along to the hiring manager. And if the decision maker is me, treating my assistant like poop is a sure way of letting me know you will probably treat the community’s residents like poop. Just as American Idol has CRAZY people who audition, you’d be surprised how many “qualified” people (on paper) are actually as crazy as some of these auditions! Be sane, positive, courteous, and you’ll cruise to the next phase.

THE Interview = Round 2

CONGRATULATIONS! You made it to the interviewing stage! Now what? This is the time to sing your heart out. Show them what you are made of. Prior to the interview, research the company, and if available, your hiring manager. So much information is available on the internet these days. LinkedIn is AWESOME! Use the information, and use some of the same words from their website, their mission statement, maybe the LINKEDIN profile, as you are talking about yourself & your work. KNOW your strengths & weaknesses, and be honest about them! Employers like honesty, and they like to see a candidate that knows what they bring to the table, as well as where they can use training and support. If your interviewer is talkative, let them talk! If they ask short questions, ask them to elaborate. The longer your interview is, the bigger impression you are making, and the more opportunity you are giving yourself to make a bigger impression! Ask relevant, thought-provoking questions that pertain to the job and the company. Your questions will tell your interviewer what kind of thinker you are. If you don’t ask any good questions, they’ll assume you don’t think much…

The Call-Back = Round 3

So, you WOWED them. Not only were you qualified, you proved to be sane, courteous, on-time, AND TALENTED. There’s a connection, and this is when the BIG guns are called in. Some companies will call you back for a “2nd interview. Sometimes it is with a the boss’s boss (department head) or sometimes it is with a key subordinate. Whatever the case, you need to impress these people. These people are the advisors to the decision maker. If the hiring manage is on the fence about you, the advisor can swing their decision. Again, be kind, courteous, positive. Find a way to connect with these guys. They don’t have their guard up as much as the hiring manager or the phone screener. However, this is not the time to ask inappropriate questions. Any and ALL information WILL be passed back to the hiring manager! Use some of what you learned in the first interview to ask relevant questions and get to know the team more.

The Job Offer = THIS is THE NEXT American IDOL!

CONGRATULATIONS! You’ve made it to the job offer table. THIS is where you can ask more pertinent questions (and not before!) with regards to salary, benefits, scheduling, etc. They’ve made the decision that they want YOU. If you have committments (i.e. I play softball in the summer and need to leave work early on Wednesdays during June – August), this is a good time to mention it, but leave room to move-on. If what they are offering isn’t what you need, request to come in with a list of questions. (Face to face meetings are recommended over email or phone.) Gauge their response when negotiating in person, and be ready to present your counter offer, or negotiate other terms. (In this market, unless you are applying for a top level position, negotiations are not recommended.) Smile, be thankful, let them know how exited you are – even while negotiating!

Whatever stage of the process you are in, wo matter what, always thank them for the call/interview/2nd interview/job offer, and reiterate how exiting it was for you to go through the process with them. If you decline an offer, always do it graciously, and thank them for the opportunity. You never know where your NEXT opportunity will be or who your next interviewer will be! Apartment Jobs – the good ones, the ones that fit your needs, are good to find. Keep those doors open!

Other tips? Leave me a comment!

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!

Be the first to like.
Share

What Kind of Job are YOU Looking For? Anything Less Than the Best is a Felony!

Apartment Jobs: Phone screens & job interviews have 1 purpose: to screen candidates OUT. Yes, you read it right. It’s to screen YOU out. Of course your interviewer is trying to find the perfect candidate for their job opening, but with hundreds of resumes per job listing, the #1 priority of a recruiter/interviewer is to screen candidates OUT so that what’s left is 2-3 great candidates. 

If their goal is to screen candidates out, what is your goal when interviewing? How do you GET IN? 

I have spent the last several weeks helping a couple of clients find the PERFECT candidate for their job listings. In the past 10 years, I have conducted hundreds of interviews – hired LOTS of great folks (and a handful of not so great…but that’s another article) I have refined my interviewing techniques, and know EXACTLY what to look for in a candidate, what are the red flags (the CRAZY-loo’s), what to ask, how to drill down to the truth (and how to use those questions/answers as a future training tool), etc. Believe me when I say this: YOUR interviewer has perfected these skills too. So again, the question is, how do YOU land the perfect job for YOU? 

In this job market, when looking for apartment jobs, you might be unemployed, you might be in between jobs, you might be looking for a change. Whatever the case, the MOST IMPORTANT part of this equation is YOU: 

What are YOU looking for in a job? 

 STOP, COLLABORATE, and LISTEN! Do you GET IT yet? The most important part of this equation IS you. What are you looking for in a job? (Oh, and yes, this is a Vanilla Ice reference.)  

Instead of trying to fit into someone else’s job description, why not KNOW what YOU want, what you NEED, and find THAT job? Turn the job hunt upside down and start with the person who matters the most – YOU. My most meaningful and lasting placements are those where both parties are getting exactly what they want. 

To help YOU better determine what kind of company & apartment job YOU are looking for, ask yourself: 

  1. Is career advancement important to me? If it is, you will want to look for a company that offers & believes in career advancement. These will typically be your medium to large companies – as they have those positions available. A smaller company may not have as many opportunities. – But don’t rule small companies out for advancement. Sometimes, in order for the small companies to find get great candidates for their top positions, they invest the most in the current employees. Questions to ask if career advancement is important to you: What is the typical career path for a <insert job title here – i.e. Leasing Agent, Community Manager, etc.> at your company? What kind of training and support do you offer to someone who would like to advance? Pay close attention to these answers, as you will be able to determine if a company truly DOES want to advance their employees, or just goes through the motions.
  2. Does having a life outside of work, a priority for you? (I know some of you are laughing, but this IS a question you should honestly answer.) Many times career advancement (Look at question #1 above) will not work with having a life. Many companies I know that have career advancement opportunities also have the best people working for them. Competition is STIFF for career advancement, and in order to get ahead, you’ll have to put in extra time and effort to stand apart from the crowd. Factor this into your decision. Questions to ask if time is important to you: What is the typical work schedule? What are my expected hours? How many after-hours meetings should can I expect?
  3. Is meaningful work important to you? For instance, do you need to work for a “greater good?” Are you feeling the need to “give back?” If you do, its time you looked into working for non-profit organizations in the area. I see this happen many times after someone has put int 10-15 years of service in the industry – and they want something more meaningful. There are TONS of great non-profits in the industry that could use your expertise. Just because a company is non-profit doesn’t mean that you have to work for free! In addition, some for-profit companies understand this need, and offer ways for their employees to participate in non-profits. If you are interviewing with a for-profit company, but you want opportunities to give back, Questions to ask if ”giving back” is important to you:  Do you currently partner with any non-profit organizations? Are their opportunities to volunteer, and if so, what are they? Questions to ask if you are interviewing with a non-profit organization: What is your mission? What communities/groups do you serve? How do you best serve those communities/groups? What makes your non-profit stand out from others? If you are looking for more meaning in your life, make sure that the non-profit you decide to work for has a mission/value system that you can believe in and support. There’s no meaning, if it doesn’t MEAN anything to YOU.
  4. Do you need training/support because the position you are applying for is a little bit of a reach for you? Be honest with yourself, and ask the questions of your potential new employer, to see if they have the right support system for you to succeed. Be honest with your new employer. Let them know what you bring to the table that is valuable, but then ask these questions if proper training/support is important in order for you to succeed: What will the first 90 days look like? What is the training program for new employees? How often will I meet with my trainer/mentor/supervisor? If you are reaching for a job that you feel you CAN potentially do with the right training and support – be honest and let them know this, and FIND OUT if they DO have the training/support you need to be successful!
  5. Is “having discretion” to make decisions and work independently important to you? Ask yourself this question, and look deep to find the answers. Most people want a boss that will “leave them alone and let them do their job,” but when they do encounter THAT boss, they don’t know how to perform their duties without more direction. OR, they are unwilling to take on the responsibilities or consequences of being the decision maker. Sometimes I hear people tell me they want they want training & support (#4 above) but in the next breathe, they “don’t want to be micro-managed.” To an interviewer like me, this is a schizophrenic employee, and one that will be EXTREMELY hard to manage/train/support. On the one hand they want training/support, but on the other hand, they don’t want someone to tell them how to do their job. Questions to ask if being able to work independently is important to you: What kinds of decisions am I expected to make on a daily/weekly basis? What kinds of responsibilities and consequences do those decision-making powers come with?
  6. What are you good at? What do you enjoy? What do you dislike? We all want to be able to do a good job. YOU should know what are your strengths & weaknesses. And be honest. Find a position that capitalizes on your strengths, and has support for your weaknesses. For instance, if you are great with people, but not so great with numbers, you need to find out how much of your time will be spent managing relationships, and how much of your time is expected with financial responsibilities. If the splits is 80% people-oriented, with 20% financial analysis with the help of a bookkeeper, than GREAT. BUT, if those numbers were reversed, be honest.

The best place to start in a new job hunt is to start with the ONE thing you KNOW best: YOURSELF. Be honest with yourself on what kind of job you are looking for. Target THOSE jobs, and watch how the offers roll in! 

In the words of Vanilla Ice: “Anything less than the best is a felony.” 

Do you agree? Disagree? Are there questions you want to add? Leave a comment! 

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!

Be the first to like.
Share

Personnel/Personal Development: Do You Have a Plan?

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

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

Follow RENTSODA on Twitter!

Be the first to like.
Share
Get Adobe Flash playerPlugin by wpburn.com wordpress themes