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Anniversary Edition: To BE or not to BE?

tO bE OR nOT TO BE!

November 1st marks the 2nd anniversary for RENT SODA! Time flies when you’re having fun, and the past 2 years have been a BLAST. When I took the plunge to venture out on my own in 2009, it was:

  1. now or never
  2. sink or swim
  3. do or die
  4. all or nothing
  5. to be or not to be! (This last one is SOOO important!)
What terrible choices. What wonderful choices. What EXCITING choices. What dangers! What risks! My heart was beating FAST, ERADICALLY, I was scared > no terrified. I took a breathe, I took LOTS of deep breathes, and then…and THEN
…I made the decision, and on November 1st, I was on my own.

For the first time in my life, I was on my own.

Looking back, there really was no other choice. Eventually, all roads, all training, all experiences had led me to this road > the road where I I had to CHOOSE to create your my own path, my own way.

So, I chose.

And every day since, that little spark that drove me to dive off the deep end 2 years ago > continues to grow. The spark became a FIRE, then an obsession, until eventually, it consumed me. That spark, that light, that energy to create, to discover, to BE.

Shakespeare asks the question, “To be or not to be?

The answer is always, TO BE.

To be happy.

To be inquisitive.

To be driven.

To be passionate.

To be in love – with life, with love, with work.

To be able to make mistakes.

To be TOTALLY BADASS in every imaginable way.

To be me.

Thank you to all my clients who hire me to be ME. And all of you who read my blog, because I am ME. And for all those on facebook who “like” me for ME. And all those on twitter that follow ME. Thank you from the bottom of my heart for letting me BE.

PS. Mom, I know you’re reading, Thank you for having ME. For having me – as I am. And teaching me to BE.

tO bE OR nOT TO BE!

tO bE OR nOT TO BE! by Daisy Nguyen

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The heART of the Deal: The Psychology of Leasing – the Exchange Fundamental

In all human interactions there is a great deal going on below the surface.  This is psychology.  We all bring different understandings, intents and cultural references to relationship; however, there are some concepts that are relatively universal.  In order to be a better salesperson, it pays to understand the psychology of human interactions.

One of these key concepts is the Exchange Fundamental.  In effect, it is the Golden Rule in reverse:  When I do something for you; you are obligated to do something in return for me.  Have you ever been on the receiving end of something nice and the giver says, “Now you owe me one!”  This is an example of the Exchange Fundamental.

Back in the day you might have encountered religious folks in white robes passing out flowers in the airport.  While it appeared to be a gift, an obligation to give something back was created.  The obligation could be paid in the form of money (donation) or your time to listen to their message.

We don’t always exchange cash or concrete things.  It’s really about the perceived value.  For example, when I volunteer to teach, a note of thanks afterwards means so much—it is an acknowledgement that I have given my time and shared my knowledge. The other day, I got a call from a seminar participant thanking me for some practical applications on profiling. This helped her build a positive relationship that will mean a lot of revenue for her company. That call brightened my day.  Likewise, when I give my son a cash ‘infusion’, his hug and ‘thanks, Dad’ means the world to me.

What happens if someone violates the Exchange Fundamental?  As we learn to mimic the behaviors we see on reality television, we may be tempted to take—but not give back.  Doing this risks being rejected by your peer group.  (We subconsciously keep score.) The exception to this is if you are dealing with someone of a higher status.  However, even a higher status person will find that people are less forthcoming as they begin to learn how he or she operates—all take and no give.  At some point, without adequate rewards, the giving on the part of the subordinate will stop—or the least, the quality will drop.

Pay it forward – The Exchange Fundamental gives us confidence that if I help others today, I can count on their help when I need it in the future.  In fact, we can even help people we do not know with the understanding that in our hour of need, there will be someone there to help us.  Carol Burnett, in an interview on William Shatner’s show, Raw Nerve, described how a California businessman invested in her career.  His stipulation was that if she made it big, she had to help others.  So she has set up numerous scholarships to pay back this debt.

So how does this apply to leasing apartments?  Offer gifts just for stopping by.  When you receive a gift, you feel obligated to do something in return.  Some examples include site-monogrammed key lariats at student housing fairs, inviting senior housing prospects to ice cream or pie socials, offering a Target or IKEA gift card as a close or participation in drawings ‘just for stopping by’. 

Consider the guest card exchange:  if you do not fill it out for your prospect, hand the guest card to them and say, “Let me get you a cup of coffee or bottle of water while you fill this out.”  (It’s most positive to lead with what you will do for them.)

If, at the end of the demonstration, you are unable to close your prospect, ask if they have any friends that are looking for housing.  Turn up the heat by offering a small referral bonus.  This creates the opportunity for you to leverage that relationship into a new relationship—and thereby make it easier to close a new sale.  The majority of prospects will search their minds for referrals in an effort to ‘even the Exchange score’.

Whether we are comfortable with it or not, there is a lot going on below the surface!  Take the time to understand how the Exchange Fundamental can work for you.  You will find that it positively impacts your closing ratio—and it will increase your network of friends and supporters as well!

Cheers!  Jim Baumgartner | Rent Soda

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What’s In a Name?

I just came from working out at my gym.  Although I really shouldn’t call it a gym because it’s one of those shiny places with new equipment, wallpaper, carpet and amazing equipment.   Midway through my workout, they announced a special add-on membership deal through the end of the month.  They closed with an invitation to see a Membership Engagement Associate.

Say what?

My first thought was, “Is my gym offering matchmaking services?”

Nope.  A Membership Engagement Associate is a sales person.  Their job is to sell—in an engaging way I’m sure—memberships.

That got me thinking about a discussion I had a while back with a site Leasing Consultant (aka sales person).  We had just hired a corporate leasing consultant and given her the title of “Corporate Leasing Specialist” (aka sales person).  This caused envy amongst the ranks.  In fact the site Leasing Consultant with whom I was having the conversation had just had his business cards reprinted with the title “Leasing Specialist” under his name.  He was pretty stoked about it.  It struck me at the time that this simple title change had a hugely motivating impact.

Fast forward to a few weeks ago:  During participant introductions in a training class I led, a leasing consultant proudly announced her title (it was far grander than Leasing Consultant) and her company name.  Her pride struck a chord.  I had seen similar pride in other employees from that organization in the past.  The company is a good one but in her mind it is bigger than life!  Her employer has done a great job of naming the position, training the staff that fills their sales positions and creating an amazing sense of team.  The result of this has been an ability to close more Leases (sell) at a higher rate than their competitors.

How cool is that?

I don’t think that just the title resulted in all that.  However, using a cool title as a starting point, the company has built an entire culture that values their sales people.  This sense of value and esteem is reflected in all aspects of their work.  They are able to represent themselves as elite professionals to their customers which is reflected in several ways:  1) the sales people have greater confidence in themselves, 2) the customers have greater confidence in the sales people and 3) the customers have greater confidence in the product being sold.  It is a self-fulfilling prophecy that has resulted in a greater ability to close the sale.

So from now on, please refer to me as an Organizational Behavior Modification Advisor.

Cheers!  Jim Baumgartner | Rent Soda

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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!

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TOP 3 Qualities of Successful Multi-Family Apartment Careers

Here at RENT SODA, we’ve been talking about success A LOT. From our recent article (Build on Your Strengths: Build Success by Jim Baumgartner) to our Profiling Your Way to MORE Success sales classes, to every day conversations with our clients (“We want our manager to be more successful,”), it seems everyone is talking about “SUCCESS.”

It begs the question:

Do You Have What it Takes To Be Successful in the Multi-family (Apartment) Industry?

or better yet:

How About – What DOES it Take To Be Successful in the Multi-Family (Apartment) Industry?

We have been pondering this over the last few weeks. We’ve decided to do a series of articles on individual SUCCESS in the Multi-Family Apartment Industry. We’ve started researching and interviewing successful people – you’ll want to read what they have to say – so check back weekly as we post those articles!

First, we looked for individuals who were successful in the following categories:

  1. Someone who has had multiple career advancements and now holds one of the top positions in their company. (i.e. someone who started at the bottom and worked their way up to VP, CEO/COO/CFO or founder of a company in the Multi-family industry.)
  2. Someone who started in property management and has made a successful transition into a vendor role.
  3. Someone who started in a vendor role and has made a successful transition into a property management/development company.
  4. Someone who started at the corporate-side of the multi-family apartment business and has successfully transition into an on-site (at the apartment community) position.
  5. Someone who started on-site (at the apartment community) and has successfully transitioned into a corporate position at their management company.

We asked our network for recommendations on those people that they feel were successful in the categories defined above, interviewed them and asked them how they became successful. We heard lots of GREAT stories, uncovered GREAT tips, and gained WONDERFUL insights into these successes – and we’ll share these stories with you over the next few weeks.

We found some commonalities in our first round of interviews – we’re going to share those with you to wet your appetite for success. We’re still in the process of finishing up our interviews, but believe these 3 qualities aren’t going to change:

TOP 3 Qualities of Successful Multi-Family Apartment Careers

  1. Successful individuals in ALL categories EMBRACED change. Sometimes they were thrust into the changes, sometimes they instigated the changes, sometimes they recommended the changes, and even at times, they were initially against the changes, but whatever the reason for the change, they EMBRACED it. ALL of our interviewees talked about change as the ONLY constant in their careers > and embracing changes was one of the keys to their success. NONE of our interviewees said, “I just wanted to go to work and do my job.”
  2. In fact a couple of them mentioned that complacency within any position is a red flag that you’re not doing the best job you could be doing > which could eventually lead to failure.

    Change can mean anything – change in market/economy, change in responsibilities, change in supervisor, change in ownership, change in technology, change in location, change in portfolio, change in team members. - you have to always be pushing that envelope, embracing change, and figuring out how it can benefit you, your property, your goals, and your apartment owners.

  3. Successful individuals in ALL categories said YES. They were problem solvers for their supervisors/companies/sites/etc – they said YES to challenges, they said YES to change, they said YES to responsibility, and ultimately, YES to success.
  4. We’re not talking about being a YES man/woman. We’re talking about a positive attitude of “Yes I can – I’ll find a way” rather than a negative attitude of “No, I can’t, NO that can’t be done.”

    Who would you rather work for? Who would you rather work with? A “YES I CAN” person or a “NO I CAN’T” person? People who are promoted aren’t known for saying, “NO, what you’re asking us to do can’t be done,” they are known for taking a seemingly impossible situation/challenge and saying “Yes, there’s got to be a way – it’ll be tough, but I’m sure I can figure it out.” If you can solve a seemingly unsolvable problem for your supervisor/your company/your industry – you will be noticed.

  5. Successful individuals in ALL categories were active communicators. All of our interviewees were articulate, well-spoken, individuals with an ability to clearly communicate their thought process. We noticed this in our interviews – it was easy to follow their stories, understand their frame of mind, and see the natural progression of their career successes. Have you ever talked to someone who is hard to understand? Jumps from topic to topic? Someone who doesn’t tie in all their points – perhaps their communications have no point? Perhaps they are long-winded? Our interviews could have been explaining the complexities of rocket fuel – but they would have found a way to make it easy to understand and pertinent to what we were talking about. HOWEVER, this is not the case with all individuals in life.
  6. Let’s not forget the word ACTIVE.

    We noticed that all our interviewees were active in communicating their goals to their teams, active in communicating their processes to their supervisors, active in communicating their needs on a project, active in communicating their career desires. The key word is ACTIVE. None of our interviewees were passive-aggressive and hoped they would be noticed for promotion. None of our interviewees hoped clients would pick up the phone and call them to buy a product. None of our success interviewees hoped a job would land in their lap. No one we spoke to was hoping someone else would tell them what to do/how to do it. Not a single one of our interviewees hoped to get the budget they needed in order to complete a goal/challenge that they had been given. They were all active at communicating their wants/needs/processes/responsibilities/etc – so that everyone knew where they stood, and how to help them get to their goals. This seems like common sense, but how many of us know someone who works hard and hopes that someone notices and gives them a raise/promotion/award? Do you know someone who doesn’t ask about the expectations of a job? How about a boss who expects that everyone can read their mind? How about someone who is given a challenge but doesn’t ask for the parameters of the challenge? We have all been that person, or know that passive person. Don’t be a passive communicator and hope your actions talk louder than words. Be an ACTIVE one! COMMUNICATE!

These are just the tip of the success iceberg.

Join us after Thanksgiving and read about the STORIES, heartaches, struggles, tips that these successful individuals have to share with RENT SODA.

Be ready to be moved to greater success.

If you know someone who you feel has been successful in our defined categories above, please send us an email and recommend them for an interview!

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!

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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

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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

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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

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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

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Lack of Motivation? Leasing Stalled? How to Change Your Tune

All this talk about a depression, soft market and price drops. OH MY! Not to mention pay freezes, working twice as hard for half as much traffic, it’s not a wonder that there is a lack of motivation out there. How do we change this and re-invigorate our teams, win leases, and enjoy our jobs once again? The apartment industry is an awesome industry – how do we stop singing the blues and bring that skip back into our step?

If you talk to my friends, business partners and co-workers, they will tell you I am a HAPPY person, always with a smile, a laugh, sunshine in my eyes, and a skip in my step. How do I keep the skip in my step, even in the midst of all this bad news?

It’s as simple as changing your tune – literally.

Have you ever noticed when you walk into a fitness facility, there’s upbeat booty-shaking music piped through the gym? Or visit a spa, and they have relaxing music with wind chimes or the sound of water? Different retailers like Gap, Express, The Limited all have specific soundtracks they play in their retail stores. At Nordstrom’s, depending on the department you are standing in, there is different music – all eliciting a different mood.

(Picture provided by William Hamon on Flickr through Creative Commons license.)

Music is one of those things that can instantly put YOU in a different mood. If you’re in a bad mood – why not change your tune and get into a GOOD mood? Feeling a little slow? Put on some finger-snapping upbeat music and see how long you stay groggy. Feeling like nothing is going your way? Listen to something that lifts you UP. Change your tune, change your mindset, and see where it takes you!

Here are a couple of my favorite mood enhancing tracks:

If I just need to get moving in the morning, Gigi D’Agostino’s La Passion gets me going! (actually, anything Techno can do that to you!)

Disney’s Hakuna Matata always makes me laugh.

Hawaiian Iz’s Somewhere Over the Rainbow is uplifting…

If I need to add some attitude to my day, I listen to Michael Jackson’s Beat It.

If I have a LONG project, OR if I’m coming into a tough meeting and need some motivation, I listen to Survivor’s Eye of the Tiger.

When dealing with tough situations or dramatic people, I listen to Craig David’s I’m Walking Away. (I DO come back to address the problem, but it’s nice to know you can walk away – at least for a little bit!)

I listen to these songs while I’m getting ready for my day, in the car, where ever I can, or whenever I need a quick change in tune.

We normally associate mood-alteration with drugs – why not music?

I recently wrote an article about setting intentions. In conjunction with setting your intentions for a successful day, a successful week, and a successful career. Music is one of those small adjustments you can make to GET you in the right positive frame of mind to GET THERE. You can read my article on setting intentions here.

What do you listen to that changes you mood and sets the tone for a productive day?

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!

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