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Being Shy About Business Won’t Win Leases – How to Take Your Competition OUT!

Everyone knows – being shy about business – especially leasing, won’t win you any leases. Have fears or doubts? Your prospects can smell it a mile away -and so can your competion. So what WILL win you leases? 

This is a picture of me in 2nd grade. I had just transferred to a new school. I was a toothless, innocent, unsure and extremely SHY child with ONE WISH: More than anything in the world, I wanted to make friends. Being shy didn’t win me any friends. And to make matters worse, I was the smallest child in the class. Who gets bullied around the most? Well, the weakest link of course – MOI. How do you win friends in this environment? 

Fast forward to today’s apartment leasing world: That toothless, SHY, unsure child pictured is YOUR property. The bullies out in the world are your competition. They’re bigger, better, faster, have deeper pockets, YOU name it, they’re IT. You’re feeling overwhelmed, underappreciated, and more than ANYTHING, you not only WANT new leases, you NEED new leases. How do you win leases in this environment? 

As a child, I had one thing in abundance – IMAGINATION. In my mind’s eye, I imagined that I came into school one day, and I had all my teeth! I then imagined that I approached all the students in my class and introduced myself. I imagined skipping out to recess holding hands with my new friends. I imagined being picked FIRST for the dodge ball team. For some reason, DOUBT, FEAR, UNCERTAINTY, would find me even in my imagination! Even in my wildest dreams (Being picked first for dodge ball? Little ole me? THAT is a WILD dream at best!), my bully was THERE. And he had the ball, had it aimed RIGHT at me. 

If you know the rules of dodge ball, you know there are only 2 ways to take someone OUT: 1.) You hit them with a LIVE ball. 2.) You catch a LIVE ball that is aimed at you. And you better believe, my big bully had mastered the art of whipping that ball quick and hard – at ME! He liked to get that ball first, and take me out – as a warning to everyone else that he was coming for them NEXT.

Day after day, even in my imagination, my bully was there, whipping the ball at me. He’d always hit me, and I’d always limp off in pain. Then one day, I IMAGINED that I caught that ball. What an epiphany! AND BOY did that feel good! I imagined it again and again. I replayed it in my mind. In slow motion, in fast motion. I dissected that moment of impact. And I planned like an obsessed mad scientist, exactly how, when and where I would catch that ball. Until finally one day, that doubt, fear, and uncertainty was gone. In its place, was my INTENTION: I was going to take that bully OUT. 

I’m NOT going to tell you it was easy, OR tell you that the next day, I went to recess and immediately caught that dodge ball – because that’s not how it happened. BUT, what I DID: I started trying harder. I stopped being shy and afraid. I reached out and made new friends. I smiled; I was charming, I was no longer afraid. As a coping mechanism, I actually avoided my bully as much as I could. I was hit many times by that bully’s dodge ball – but I was no longer afraid of him. It wasn’t until the 4th grade in gym class that I finally turned around, looked him in the eye, and caught that ball and took him OUT. Not only did I take him OUT, I took him out in the first minute of the game. THAT was the highlight of my entire 4th grade year.

What does this have to do with apartment leasing? That bully is all your competition. Those dodge balls are all your objections. And believe me they are YOUR objections to YOUR own success. It could be that you don’t have amenities to speak of, it could be that your building is dated, it could be that you are forced to compete in a world filled of concessions and yours aren’t worthy of the competition, or it could be YOUR own self-doubt about your selling abilities. Whatever IT is – you’ve bought into those objections hook, line and sinker. 

Now, as an adult, this might be harder to do, but IMAGINE your prospect walking in. Imagine how that leasing process SHOULD occur. Do the objections come up? That’s OK. In your mind’s eye, take care of those objections. Dissect it, play it in slow motion, play it forward, whatever it takes. Don’t just glaze over or erase those objections – take them ON head-on. Address them! Imagine your leasing process until it becomes one that feels GOOD to you – and you see yourself WINNING that lease. Once you have THAT process in your mind down, imagine THAT winning process over and over again. Imagine that you WILL WIN. Take that competition OUT!

 And as an adult, I no longer call it a WILD imagination. I call it setting my INTENTION. I’ve gotten much better at it over the years. It doesn’t take me 2 years to figure out how to be successful. Whatever the challenge is, I let my imagination run wild, set my intentions, and WIN.

Believe me when I say, that 2nd playground was a lot harder to overcome than most of the hurdles in my life, but it taught me how to win. I keep that struggle and triumph close to my heart, and pull from that experience many times in life. How about you?

Don’t get it? RENT SODA. GET IT!

-Daisy Nguyen in Minneapolis, Minnesota MN

CEO

RENTSODA-small

Business & Marketing Consulting to the Apartment Industry

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

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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

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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

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

Are you a supervisor with an “open door” policy? Are you an employee that works for someone that has an “open door” policy? Are you maximizing the “open door” policy to be a better supervisor or better employee?

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

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

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

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

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

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

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

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

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

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

Don’t get it? RENT SODA. GET IT!

-Daisy Nguyen in Minneapolis, Minnesota MN

CEO

RENTSODA-small

Business & Marketing Consulting to the Apartment Industry

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Don’t get it? RENT SODA. GET IT!

-Daisy Nguyen in Minneapolis, Minnesota MN

CEO

RENTSODA-small

Business & Marketing Consulting to the Apartment Industry

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

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

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

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

How can you position yourself to invite more opportunity?

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

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

A. I make things happen!

B. Things happen to me.

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

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

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

How does this apply to our apartment industry?

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

Winston Churchill said, ”

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

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

Don’t get it? RENT SODA. GET IT!

-Daisy Nguyen in Minneapolis, Minnesota MN

CEO

RENTSODA-small

Business & Marketing Consulting to the Apartment Industry

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

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

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

No better place than with a recommendation from your peers!

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

I’ll start:

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

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

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

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

 Don’t get it? RENT SODA. GET IT!

-Daisy Nguyen in Minneapolis, Minnesota MN

CEO

RENTSODA-small

Business & Marketing Consulting to the Apartment Industry

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

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

Follow RENTSODA on Twitter!

Picture provided by Baratunde on Flickr through Creative Commons license.

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How To Be Successful In The Apartment Industry: Participate, Participate, Participate!

I’ve had a LOT of conversations recently, and one topic has been a recurring theme: Success. Two recurring questions: 1.) How do we make our apartment communities more successful? 2.) How do we make OURSELVES more successful?

As a consultant and a writer of a popular industry blog, I meet with A LOT of people. I meet with EVERY kind of person in the industry from site personnel to vendors at every level, from to Regional Managers to directors to VP’s to CEO’s/COO’s/CFO’s, to developers, partners, investors & owners of apartment communities.

My answer is ALWAYS the same: PARTICIPATE, PARTICIPATE, PARTICIPATE!

1.) PARTICIPATE: Participate in something bigger and greater than your own apartment community. I KNOW you have a million things to do and there isn’t another minute you can commit to someone new, but YOUR PARTICIPATION in something greater will return ten-fold to your success at your apartment community, as well as return ten-fold in your own personal successes. I’ll go out on a limb here and say – I PROMISE that any participation you give will be returned to you ten fold. If not, give me a call, and I’ll take you to lunch and eat my words.

2.) PARTICIPATE: Don’t just JOIN your local apartment association, JOIN, PARTICIPATE, ENGAGE! There is no better way to work/network with other industry professionals in your market than at your local apartment association. Chances are, they ARE looking for volunteers to participate in committees, tasks forces, surveys, focus groups, etc. Do you think that your opinion doesn’t count? In an industry that serves this many people, YOUR opinion DOES count. For every 1 person who DOES participate, there are dozens if not hundreds of people who do NOT participate. YOUR opinion COUNTS simply because you have made a commitment and gotten involved. Is your local association too small? Help them grow and expand by getting more people involved. Hey – it’s YOUR local apartment association – make it truly YOURS.

3.) PARTICIPATE: Participate in a local non-profit in your market. This could be a local non-profit housing provider OR this could be a local non-profit community group. As with your local association, they ARE looking for volunteers for their boards, focus groups, tasks forces, surveys, fund-raisers, etc! Especially in this market and economy, they need your expertise. Find something that MOVES you and PARTICIPATE with THEM. You will be in for one of the most rewarding commitments you can make. I know it is MY most rewarding commitment – who knew that working for free has its rewards?

How does this help you with the success at your apartment community? In participating, you’ll hear from other industry professionals, like yourself (and some NOT so like you!). You’ll hear different ideas, different perspectives, different personalities. You’ll learn, you’ll grow, you’ll make new friends that can last a lifetime. You’ll meet tons of new vendors that are PARTICIPATING. – I love vendors who participate – it tells me they are committed to the industry’s success  and not just their own. You will be exposed to ideas, people, information and opportunities that you did NOT have access to prior to your participation. You’ll be the first to know about networking events hosted by your local association, notified of training opportunities produced by the local association, be in the “know” new trends and products and through your expanding network, get to know the world OUTSIDE of your box. You can take these new ideas, exposures and bring them back to your apartment and apply them to make your apartment community more successful and making you more successful. Talk about a WIN-WIN! That’s a SCORE!

In case you are wondering, I participate in my local apartment association, MN Multi-Housing Association (MHA) – one of the best and nationally recognized associations in the U.S. (http://mmha.com/ ) or check them out on facebook!

Participation with your local non-profit brings challenges and HUGE rewards. I participate in a local non-profit affordable housing provider called AEON. (Or you can check them out on facebook. I also mention them in a past blog article.) The challenges are the time commitment involved and understanding that non-profits work a little differently. The rewards are much the same as in the local apartment association – I have chosen to surround myself with other successful people who are COMMITTED to the same CAUSE that I am committed to. The people in that group are as wide as our industry – and every one of them smart, driven and a FORCE to be reckoned with. The contributions I have made by participating have been returned to me ten-fold in the form of new ideas, new connections, new perspectives and new friends.

In a world and time where it is so easy to get caught up in OUR OWN little dramas, a more global PARTICIPATION can help us bring additional focus to our apartment communities and to our own careers. It’s YOUR community, it’s YOUR career! PARTICIPATE and make it truly YOURS!

With New Year’s coming – make it a New Year’s resolution to PARTICIPATE!

 Don’t get it? RENT SODA. GET IT!

-Daisy Nguyen in Minneapolis, Minnesota MN

CEO

RENTSODA-small

Business & Marketing Consulting to the Apartment Industry

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

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Image provided by Chooyutshing on Flickr through creative commons license.

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