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Renting Apartments: Am I Who I Say I Am—& Do I Know You?

I was doing cardio last week when I noticed a striking woman with long brown hair.  Now generally when people are doing cardio, hair (for both women and men) is strapped down with bandanas, caps or scrunchies.  This hair was flowing.  I figured she was in her early- to mid-thirties and ‘working’ that great hair.

Then she turned around. 

On the flip side of this flowing dark hair was a 75-year-old face. I was startled; then I started to chuckle.  I recalled an interview by Beverly Johnson, the first African-American model to appear on American Vogue (1974).  She relayed a story of how, a few years earlier, a young guy on a golf course approached her from behind, “Hey, babe!”  When she turned around he started to stammer, apologize and back up.  At that point she asked herself why she worked so hard to stay looking so young!

Am I Who I Say I Am?

If you find that you are getting a lot of hits, calls to the site and no-shows for appointments, ask yourself, does our advertising reflect who we really are?  Often our advertising paints a picture that overshoots who we actually are.

Our customers have figured this out.  They are pretty cynical about our integrity!  This is one of the reasons video is so popular—we haven’t figured out how to photoshop a video yet!  [Update: Photographer Jacque Rosenau just informed me that she is doing it with Adobe After Effects software. However, until this becomes widely known, there will still be a perception that video is reality.]  Coco Chanel said, “Hard times arouse an instinctive desire for authenticity.”  (It’s a fashion-theme day.)

Mixed messages are confusing.  Our customers do not like to be confused.  When they are confused they will just keep on moving.

Do I Know You?

We also need to make sure we know who our target market is.  In everything we do, we should visualize who our reader/viewer/listener is.  (If you are not sure, a great place to start is by looking at who is living in your building now.  What is the average age and income?  Where do they work?  Where did they move from?  What amenities attracted them to your community?)

I was recently having lunch with Kari Shideman of Move.com.  We were discussing all the exciting technology that supports our ability to rent apartments.  We landed on the subject of Facebook.  Over the course of a day one apartment community had posted several interesting messages on their Facebook page (*small print:  names have been changed to protect the innocent):

  1. Just a reminder, we will be performing snow removal clean-up at 3:00 today.  Any vehicles left in the parking lot will be towed at your expense.
  2. Have any friends or family looking for a great new place to live?  Refer them to us and get a $500 rent credit the month they move in!
  3. Will the person driving a black Camry parked in the Future Resident’s Parking space PLEASE move your car?!  If you don’t get it out in the next 30 minutes we are towing it!
  4. Friendly reminder!  Your rent is due by 5:00 today!  Any rent not received by then should include a $50 late fee.  Thank you!
  5. WE LOVE OUR RESIDENTS!  Stop by the clubhouse this Friday night for a “Resident Appreciation potluck”.

If you see this, ask yourself, ‘Do I know you?’ Or, more clearly stated, ‘Do I know WHO this Facebook page is for?  What is the purpose of our Facebook page?’  As with any other marketing source, we have to establish what function we want it to have.  It should take the following into consideration:

  1. Facebook is all about the positive.  On your personal page, you quickly delete anyone who is consistently negative.  The same is true for your community page.  Give every message a positive spin.  Using the snow removal as an example: “Can you believe we got MORE snow?!  Thanks for your patience as we have been trying to find places to push it!  Our snow removal company is coming out for a clean-up this afternoon at 3:00.  The city has given us permission to park on the street all day today.  If you have questions, please call Kitty in the office.  Thanks!”
  2. Facebook is a place for messages you want the entire world to read.  Don’t single people out on Facebook.  It is a social network.  The example about the person who parks in Future Resident Parking should be handled one-on-one.  This is not an event that you want your entire following to enjoy.  The same is true for late payers.  You know who they are.  THEY know who they are.  Having a talk with them one-on-one (and preferably early) is the most effective method of rent collection.  The rest of your residents really don’t want to be bothered with reminders to do things that they already do.
  3. Facebook is eternal…okay, maybe it isn’t forever, but your posts have a long life.  If you are having a bad day, are angry or suffering from a bad attitude do not post.  Wait a day.  If you aren’t sure, have someone else review what you have written before you put it up.
  4. Facebook works best when you pick a target audience that you want to consistently message.  Once you start messaging; run with it.  Kari Shideman adds:  “If the main “fans” or “friends” on FB are your current residents and their friends, focus your message on resident retention – pool parties, neighborhood and community events, fun trivia on the area, “meet the office team”, “meet the maintenance team”, referral offers, etc.  No negative comments, rules, regulations, etc – this is your opportunity to build positive rapport with your residents and to show other non-residents on your page how wonderfully you treat the people that live at your community.  If your target audience is future residents – then include the community and neighborhood events, along with the benefits of living at your community.”
  5. Skip the Features – Give me the benefits!  As in all sales, don’t give a laundry list.  People want to know the benefits.  For example, instead of “washer & dryer in each unit”, your post to prospects could read “Life is busy!  Our residents love that they can throw in a load of laundry on the way out the door, and put it in to dry when they get back!”  Or offer testimonials from current residents.  In the words of Kari: Make it targeted, relevant and personally engaging.

This is just the tip of the iceberg.  But if you cover these items, it will go a long way towards making Facebook a positive component of your overall marketing program.  Take the time to look at your other advertising sources as well.  Are you who you say you are? Is your marketing message pointed directly at your target market?  Eliminating confusion will strengthen your place in the market—and improve your closing ratio.    

Cheers!  Jim Baumgartner | Rent Soda

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Facing Failure: Why Excuses Never Lease Apartments

OWN IT

At some point in my career I realized that owning up to my mistakes made sense.  I am a perfectionistic over-achiever so this was not an easy thing for me to do.  I always want to do it right and to be seen as doing it right—there is a fair amount of pride attached to that.

However, I saw that covering mistakes or covertly fixing them after-the-fact involved more blood, sweat and stress than I was comfortable with.  Invariably, when I admitted my omission or mistake, my boss would offer direction or advice.  (Both of these responses helped me grow.)  Rarely was it anything to cause my boss’ blood pressure to rise.  In fact, it would allow for constructive dialogue and open communication.

I also realized that when I failed at something I had to face the failure head-on.  I had counseled employees that failure is a course in the University of Life.  We pay the tuition, learn from our mistakes and move on.  In addition, as a supervisor/mentor/coach I couldn’t help my team if they didn’t bring the problem to me. 

 

REFRAIN FROM THE BLAME GAME

Another great temptation is to play the blame game.  “I didn’t get that report to you when you wanted it because accounting didn’t deliver the revised numbers on time.”  “We didn’t hit our occupancy goal for March because traffic is slow/the ads are bad/no one is qualified.”

No one is to blame except for me. 

Conversely, no one can fix it except for me.  When leasing apartments (as in every other area in life) success is all in our approach and mind-set.  Sure, your ad might be bad but your job is to figure out what is wrong with it, shout it to the world and see that it gets fixed.  Or take matters into your own hands and start a rotation of Craigslist ads.  The same is true for slow traffic:  what can you do to generate more?  Who do you know?  Who can you call?  Can you go through old guest cards and start making calls?  How about the guest cards from last year?  Chances are your old prospects are facing renewals wherever they landed and perhaps are regretting their decision NOT to rent from you last time.  As for all of the unqualified traffic (there IS a lot of it and we will see more) make sure your prospects understand your Resident Selection Criteria.  If someone is close to being approvable, help them clean up their credit (NOTE:  We are not credit reporting bureaus and cannot reveal what is on their credit reports; however, you should refer them to whoever does your checks so they can see what is on it.)  Prepare a handout with resources for credit counseling; discuss policy changes to allow for co-signers, etc.

Or you could wait for someone to fix it for you.  But be prepared for a long wait.

ASSESS IT

Facing failure means being honest with yourself.  Step out of your head for a second.  The goal is to strip the emotions away.  It’s just you—no one is watching this and recording it to use against you later!  Honestly ask yourself:  How could I have done this better?  Why didn’t I ask for the sale?  Was I afraid?  What am I afraid of?  Be relentlessly truthful with yourself. 

If you are responsible for leasing apartments at your property, the fastest way to success is to stay at 95%-plus (depending on your company philosophy).  In the world of apartments, bonuses are based on income, the ability to make upgrades to your property is based on income and salary increases are based on income.  It is all a numbers game.  If you close 30% of your prospects, and you have nine apartments available, you need 30 prospects.  (If you are closing at 50%, you just need 15.  Sadly, if you close at 15% you need 60!  Has anyone figured out that life gets easier—meaning you have more free time—if your closing ratio is higher?!)  If your closing ratio is low, ask yourself why?  Research closing techniques, ask your company experts for help and advice, and ask someone with a great closing ratio to mentor you.  The only one who can do this is you.

You will find that if you are in the mindset of blaming and shifting responsibility you will be unsuccessful and unhappy.  I love loving to go to work!  We spend a lot of time there.  Why not face your frustrations and failures squarely, address and fix them so you can love work again?  Oh—and as a result you will rent a lot of apartments and then your team will love having you at work too!

Cheers!  Jim Baumgartner | Rent Soda

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Foursquare vs. Facebook Places – Which is Better for Marketing Your Apartment Community?

OK, I’ll admit it. I’m a Foursquare GEEK, and now, with the launch of Facebook Places, I am TOTALLY CONFUSED. There’s so much news out about Facebook Places – what will be the best tool for helping your outreach or marketing efforts at your apartment communities? Which application will help you stay connected to more apartment residents, attract more apartment prospects, give you more positive exposure?

Some background:

I use facebook as a place to connect with friends and collegues, keep up with the latest news about places/businesses I “like,” and connect with other like-minded individuals.

I use foursquare to find out about places near me, get tips based on my location, and I hate to admit it, but I secretly covet being “mayor” and earning badges.

If I am a typical user, how does this information help YOU market your apartment communities or connect with prospects and residents?

Let’s put them in the boxing  ring and see who wins:

  1. ROUND ONE: First thing I do when I go somewhere is to look on Foursquare to see which businesses near me have tips, read them, and see if I want to try something new, or stick with my tried and true favorites. Currently very easy to do on Foursquare. AND Foursquare has had A LOT more activity – resulting in lots of tips & deals with local businesses. Facebook Places – I have not found a way to leave a tip or find tips others have left. The only way to see what others think about a place is IF that business has connected their facebook PLACE to their facebook PAGE, and you can see the information and wall of a business’ facebook place/page. This is a big IF. And even IF a business has connected their facebook place to their facebook page, you’ll only see their wall. There’s not really a place that encourages users to leave other information for other users. WINNER: Foursquare
  2. ROUND TWO: When I am marketing an apartment community (or even a retail business), I look for tools where I have control over the content, easy way to communicate my brand and my message. With Foursquare Places, it is easy to claim my “place,” connect it to my community’s facebook page, and manipulate the content users see when they find me. Additionally, if someone leaves an potentially negative remark or comment on my page, in Facebook, I can delete it. With Foursquare, I can claim my business on Foursquare -but there is no way to customize it beyond providing the basic info. Additionally, user can leave whatever comments and tips they want, I have no control over their comments. WINNER: From a business/marketing perspective, Facebook Places is the CLEAR winner.
  3. ROUND THREE: Deals. Everyone loves a deal. How easy is it to find places with “specials” or “deals?” On Facebook Places, when you bring up the app, all the businesses around you will be listed. If there is a “special” or “deal,” there is a little cut-out square icon that resembles a coupon. It was somewhat easy to spot. On Foursquare, when you open the app, it locates all the businesses close to you, and if there are any “specials” or “deals,”  the word “SPECIAL” shows up. Its much easier to spot, and there is no question as to the purpose. So, for all practical purposes, this is almost a tie. HOWEVER, as I searched through local businesses that I know are running deals, I found more deals on Foursquare than I did on Facebook Places. WINNER: FOURSQUARE through a technicality. - This may change if Facebook Places can attract more businesses and “specials” and “deals.”
  4. Round Four: Activity & Users – who has more? According to a recent Business Insider article from October 29th, 2010, although Facebook Places has 7X more users, those users are not as active as the 4 million foursquare users. WINNER: Foursquare
  5. Round Five: The FUN factor. In foursquare, as stupid as it may sound, I enjoy being a “mayor” and receiving”badges” for checking in. One of my friends, a VP of a large company in Minnesota, recently emailed me to say, “I just became the MAYOR at a local joint. I am secretly quite proud!” Facebook places currently does not have an incentive to check-in except for the possibility of a deal or “special.” WINNER: Foursquare.

Foursquare wins 4 out of 5 rounds because it meets the wants of its users. That’s a page from the facebook business book – build an application for the end-users, and the business will come. Score one for the small guy!

As it is with social media, today’s giants can be tomorrow’s cold empty grave. It’ll be interesting to see what Foursquare and Facebook Places have in the way of updates and changes over the next few months! But its clear that things are FAR from over for Foursquare.

I should mention that even though the end-user experience is much better on Foursquare, the Facebook Places application is more business-friendly. AND Facebook has HUGE potential to reach its over 500 million users.

I am still TOTALLY confused. Who will win? Can they continue to co-exist?

Depending on what YOUR marketing needs, goals, or objectives are, you may want to use one or both of these as part of your marketing approach/outreach efforts for your apartment community. If you are using Foursquare or Facebook Places to help market or as an outreach tool for your apartment community, please leave me a comment and share with everyone how you view one or both, or how you are using them!

Below is a comparison Matrix of Location Based Social Networks produced by Mark Fidelman on Flickr.com.



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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Using Foursquare for Marketing Apartment Communities

I LOVE Foursquare, and find it not only a cool app, but a great marketing tool. If you aren’t as geeky as I am, you’re probably wondering, WHAT is Foursquare? WHY would I want to use Foursquare as a marketing tool for my apartment community? HOW would I use foursquare?

WHAT is Foursquare?

For me as an individual, I LOVE Foursquare, as it allows me to not only let all my friends know where I am, its a great way to find out what’s AROUND ME, get tips from seasoned visitors, AND get SPECIALS at some of my local favorite places! In my travels, I’ve been in unfamiliar cities without a single clue as to where to eat/shop, what to order/do. VOILE! Foursquare to the rescue! Once the application is installed on my phone, I can just open the application, Foursquare locates me, and gives me a list of some of the nearby places. If I see anything appealing, there is a section for “TIPS” where other visitors have left little nuggets for other foursquare users. I’ve tried some DELICIOUS foods that I normally would have never ordered, found great little shops that I would otherwise have never ventured, and tried new locations I just would not have even noticed.

WHY would I want to use Foursquare as a marketing tool for my apartment community?

I’ve been pondering this question ever since I got hooked on Foursquare. As I used Foursquare more and more, I found a couple of GREAT reasons to use Foursquare for marketing your apartment community:

  1. As I mentioned, Foursquare let’s the user announce to the world (and more importantly) and to a user’s friends, WHERE they ARE. At the time a user “checks into” an establishment, they have the option of adding a comment.
  2. WHO would want to know where YOU ARE?

    The answer is: YOUR friends and followers! Now this is important folks! Foursquare has extended its reach from it’s 3+ million registered users to YOUR FRIENDS on Facebook and YOUR FOLLOWERS on Twitter. So instead of just accessing the 3+million registered users, you are now accessing the friends and followers of users on facebook & twitter. Again, a skeptic may still pose the question, WHO would want to know “where YOU are AT?” YOUR friends and followers on facebook & twitter have “opted in” with you. For whatever reason, they think you’re a cool cat, and they’ve friended you or they are following you on twitter. THOSE people DO want to know WHERE you are. WHY? If you’re the cool cat, they want to know where the cool cats hang, what the cool cat is doing, how do cool cats live, etc. Perhaps they will try those places too! YOUR network DOES want to know WHERE YOU AT? It’s the most asked question when someone calls you on a cell phone – WHERE YOU AT?

  3. So, now that we’ve established that YOU are a cool cat, and your friends and followers DO want to know WHERE YOU AT, doesn’t it make sense that if you are announcing to the world that you just checked into “ABC Apartments,” that your friends and followers (who we presume are similar to you in some way) see that you just checked in at “ABC Apartments,” and they may want to check it out too? In addition, everytime YOU check in at ABC Apartments, ABC Apartments just got their brand name out there to all YOUR friends who are presumable similar to you in one way or another. Hmmm… its starting to look like we’re marketing to our target market!
  4. Even if YOU aren’t a cool cat, the early adopters of Foursquare ARE. The users of foursquare have an audience of friends on facebook and followers on twitter that see WHERE THEY ARE every time they check into YOUR apartment community. Since they live at YOUR apartment community, it’s not a far stretch to assume that a few of their friends/followers are similar to them and maybe interested in living at your Apartment community too. This is a soft marketing approach – but one that helps to get your brand and your name out there. When someone is ready to look for apartments, they will remember that their friend, John Doe, lives at ABC apartments and has checked in a dozen or so times in the last couple of months.
  5. NAME RECOGNITION! Gotta love that.

  6. TIPS! On Foursquare, there is an option to leave TIPS for other visitors. In the apartment industry, we so often complain about apartmentratings.com . I feel it has a lot to do with the negative connotation of the word “ratings.” What if it was called Apartmenttips.com? Would it change the way people who leave those reviews feel about what they are expected to do? In any case, on Foursquare, its called “TIPS.” And when I think of “tips,” I get a happy/GOOD feeling rather as opposed to the word “review” where I am left thinking I need to be a critic and criticize. TIPS on foursquare are usually positive, often little tidbits of useful information. I seldom see negative comments, although they do exist. Why not encourage people to leave tips about the apartment community? Any positive buzz you can create is ANOTHER positive way to reach YOUR market.

How can I use FOURSQUARE as a marketing tool for my apartment community?

  1. Make sure your apartment community is on foursquare, and that the correct information is listed.
  2. Encourage people to check in on Foursquare!
  3. To encourage prospects to check-in on foursquare, perhaps your apartment community can offer some kind of a special – $$ of the application fee? A rent special? Whatever the case, it can be as big or as small as you deem fit. The specials I have seen are Foursquare are mostly for restaurants and social hangouts – most specials are for free drinks or appetizers of some sort – its never something earth shattering, but it makes you, as a user, pay attention to what your options are – and when you have options, you’re likely to try something new.
  4. To encourage your apartment residents to check-in, perhaps the Mayor of your Apartment Community (the person who checks into your community the most) gets something special. -How about the mayor gets a preferential parking spot? How cool would that be, to have a sign that reads “PARKING for the MAYOR of ABC Apartments…”
  5. Claim your business on Foursquare. That means, go to http://Foursquare.com , set-up an account, and claim your business. Once you have been verified, you can start to run official foursquare “specials.”*
  6. Even if you can’t run official foursquare specials, I’ve seen companies leave their “special” as a “tip” on foursquare.

*At the time of this blog post, Foursquare states that foursquare “specials” are geared for businesses where people “meet, socialize and linger.” I’m curious if this definition extends to apartment communities? If you are an apartment community that is running official foursquare specials, please leave us a comment and let us know!

Do you FOURSQUARE? Please leave us a comment about your experience!

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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RENT SODA Open House THURSDAY October 7th, 2010



Who: You, our Friends and Clients of RentSoda, are invited!

What: An opportunity to get together and see RentSoda’s new office space!

Where: 711 Hennepin Avenue South, Suite 508, Minneapolis

When: Thursday, October 7 from 2 – 5 p.m. Yummy refreshments & wine will be served.

Why: Please join us in celebrating our new office space and the addition of Jim Baumgartner to team RENT SODA! Enjoy light refreshments and wine! Check out our new RENT SODA Training THINK TANK – where ideas will POP! And get to know us while mingling with the industry friends.

Please RSVP by sending an email to daisy {at} rentsoda(.)com OR call Jim at 612.710.0546. We hope you will join us!

-Daisy Nguyen & Jim Baumgartner in Minneapolis, Minnesota MN

CEO/President & Senior Vice 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!

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You’ve Been B-BACK’ed! 5 Ways to Turn Your B-Backs Into Leases!

You’ve been there – your prospect apartment tour is going well, you are excited, your prospects are talking about where they are going to place their furniture, and then they utter the dread words:

We’re going to take a look at a few more places and we’ll BE BACK.

You just got B-BACK’ed! How do you turn those B-Backs into leases?

Here are 5 ways to get them BACK, and turn those B-BACKS into leases!

  1. FOLLOW-UP! While you are in the apartment tour, take your camera, and anything that your prospects say they like, take a picture of that. (i.e. “oh honey, look at the size of the closet!” -SNAP picture here. “oh honey, look at the pool!” SNAP picture here. Let them know you’ll email them the pics of all their favorite parts of the apartment tour.) I’m going to assume you’ve done some due diligence and have taken down their email address and phone number for follow-ups. After they leave, load the pictures onto a Flickr.com account, and email them the SHARE link. (Some email servers may have limits for attachments, and you want to make ensure that you don’t attach a bunch of pics that gets your email automatically moved into the spam folder.) Make sure in your follow-up email, you put something personal and friendly. (i.e. “Here’s a link to the pictures I took for you. You mentioned the size of the closet – I measured it and it’s 8×7. We’d love to have you live here!”
  2. FOLLOW-UP! Ask them when is the best time to contact them – WRITE THAT DOWN, and contact them during their most convenient times. Many times, we are following up with our prospects when its convenient for us. We should call them when its convenient for them – and increase our chances of having a “live” conversation as well as another opportunity for positive interaction with your apartment community.
  3. FOLLOW-UP! There is no 3 day rule to making a follow-up call when you’re trying to win business. If you want them to sign a lease, you’ll have to earn it. My rule of thumb: call immediately, call often. If you took my recommendation and took pictures (#1 above), call them after you send the pictures just to let them know to look for it in their email. No pressure, no salesy talk. Just a friendly call. THEN, call them the VERY next day and ask them how the rest of their apartment tours went, and offer to answer any questions they may still have. Call them a couple of days later to see if they have a decision and offer to show them another apartment that just “happened” to open up, etc.
  4. You get the idea: find ways to have positive points of contact with your prospects – don’t just call them to CALL THEM.

  5. FOLLOW-UP! When calling your prospects, always let them know how glad you are that they came in, or how happy you are that they came by. At the end of each call, either ask for their business or ask them to come back in.
  6. FOLLOW-UP! If you have an upcoming community event, call your prospects to invite them to attend. Having a breakfast for residents this weekend? Ask your prospects to attend. Have a football game showing in the community room? Invite them to join!

All 5 of my tips have to do with follow-up calls. It seems like a no-brainer, but I’m constantly amazed at how little follow-up there actually is out there. In recent “shops” that we performed, we only got a 20% rate of follow-up. We’ve been on the hunt for some office space – granted office space is a little different market than apartments, but we were FLOORED to find that the follow-up rate was even lower! (Maybe 10%!) We ended up leasing space from the person who cared the most by addressing all of our concerns, followed up with us the most, and fought to get our business. Your prospects aren’t any different. Studies show that the more positive interactions we have, the more we are likely to buy a product. Start making more positive interactions and increase your chances of closing on that lease!

Do you have any additional tips to add? Please leave a comment and add to the list!

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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“I’m So Glad You Called Today” – 4 Phone Tips to Turn a Call into an Apartment Tour

Phones have been around for over 140 years, so answering the phone is nothing new – or is it?

Having a great telephone conversation is one of the best and most powerful apartment marketing/leasing techniques in our industry.

It sets the stage for the rest of the leasing experience for your apartment prospect. Are you putting your best foot forward?

In the apartment business, a successful prospect call is one where we turn the telephone apartment inquiry into an appointment. What are the best ways to turn a phone call into a apartment tour appointment?

These are  my

top favorite tried and true phone leasing techniques

to turn that apartment telephone inquiry into an apartment tour appointment:

  1. Once you have identified yourself, find a way to let your phone prospect know how happy you are that they called TODAY. – If your caller says they are looking for an apartment, you should respond with, “I’m so glad you called today!...” and follow-up the comment with your specials or other related comment. “I’m so happy you called today,” is a great way to pause the conversation and inject some personal positive attention to your caller.
  2. What’s in a name? EVERYTHING. If the caller gives you their name – use it. If they don’t, ask them for their name – and use it. People love to hear their names – it acknowledges the fact that they are an individual and not just another caller. It will help you bond with the person over the phone. Using someone’s name is very intimate. Get the name and USE it.
  3. If you are comfortable, assume that the caller wants to set an appointment, and give them a couple of choices of times you have available for an appointment. With all the information available on the internet, most of your callers already know enough about your apartment community/complex to be ready to set an appointment for the leasing tour.Assume they want the tour and work on scheduling it. If you are not comfortable with assuming your caller wants an apartment tour, then ask them if they would like to schedule a tour.
  4. At the end of each call, always thank your apartment prospect by name for calling you!

Your call should go something like this:

RING RING!

You: Thank you for calling ABC Apartments, how may I help you? (smile!)

Caller: I’m interested in finding a 1 bedroom apartment.

You: My name is Daisy – Can I get your name?

Caller: My name is Jane.

You: Jane, I’m so happy you called today! We have some great looking 1 bedroom apartments that just became available. Do you have any particular preferences you want to share?

Caller: I want to be on the top floor.

You: Great! I have 2 apartments on the top floor overlooking the park, and …

…(more conversations, get prospect info, bond, etc.)

You: I have appointments available this Thursday at 10:15AM, 4:30PM or Friday afternoon or Saturday morning to tour our apartment community and see the apartments we have available. What time would work best for you?

Caller: Saturday morning at 10:00AM.

You: Jane, thanks so much for calling today, and I can’t wait to show you our community on Saturday at 10:00AM!

There are lots of telephone leasing techniques out there. The objective is to schedule that apartment tour. These are my favorite phone tips, what are yours?

By the way, I’m so glad you read my blog post today! THANK 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!

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Craigslist-phobia: Don’t lose FREE Apartment Rentals!

During my training classes I always encourage leasing professionals to use Craigslist postings. Where else can you get your message in front of hundreds of people looking to rent YOUR apartment, schedule your message to run when you want it to (and when you are available to promptly respond to inquiries) and best yet–it is FREE!

Invariably I get negative comments: “Isn’t that where the ‘Craigslist Killer’ found his victims?”

“Craigslist is just a hook-up site.”

“We tried it; all we got was spam and scams!”

Meanwhile, those who are making a different kind of killing on Craigslist cross their arms, lean back and smile smugly. They don’t want the rest of the marketplace to know the secret to their success!

Throughout history those who have quickly adapted to new technologies have survived and thrived. I’m sure there were some folks gathered around the communal campfire complaining that the wheel would never last.

Craigslist (and social marketing) is here, it’s here to stay and it is revolutionizing the way we do business. Craigslist is the new marketplace. If you want to sell your old washing machine, you list on Craigslist. If you want to share and discuss your latest haiku, you do it on Craigslist. If you need an apartment, you look for it on Craigslist.

If Craigslist isn’t one of your top three sources of traffic, you are doing something wrong. (Oh, and did I mention that it is FREE?!)

I worked with a site manager of a Class C property on the edge of a downtown area. She had several vacancies, her prices were considerably higher than her comparables (the property has off-street parking and an outdoor pool) and she could not generate traffic. We discussed her bias against Craigslist (I should add that she is an early baby boomer) and debated her fears. We asked her to just give it a try. Within one week she was a convert! All of her availabilities were full within two weeks and now Craigslist is her main source of traffic. (Did I mention her total cost of marketing on Craigslist? FREE.)

What do you have to lose…except for some vacancies?

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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

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

Follow RENTSODA on Twitter!

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GONE FISHING: using the right bait for your apartment prospect

I recently had lunch with my friend and professional peer, Laurel Zacher.  We were discussing the key to understanding psychographics when working with site marketing or training of leasing staff.  I have been frustrated by multi housing professionals assuming that every customer shares their likes and dislikes.  I was floundering trying to explain how we have to put our feet in our customers’ shoes. 

She responded by saying, ‘you have to use the bait your fish likes!’ 

I so wish I had said that.

Since I didn’t create the line, I told Laurel that I was going to steal it (she very graciously said it was okay).

Some thoughts on fishing:

1)  What fish are you going after?  Take the time to research who your current customers are.  Early in my career I was asked to fill a building that was less than two years old and had never surpassed 83% occupancy.  The owner was frustrated!  I drove to the site and thought, “You know, this building is 83% full–not 17% vacant!”  (Yes, I know it was 17% vacant–but that wasn’t the important part.)  The key was that 83% of the homes were occupied by people who chose to be there.  I wanted to know why.  We discovered that the vast majority of the residents were from outside of a metro area.  They had to live in the city for economic opportunities; however, they did not want to live in a city.  We immediately began using different bait–’enjoy serenity’ was our theme.  We talked up the natural setting:  wooded hills overlooking a pond.  We pointed out that the buildings were small and you would get to know your neighbors.  It worked. 

2)  Use the right bait!  If you are dealing with seniors, remember that relationship is key.  They want to know and trust you.  Trying to rush them through the selling process will not work.  They really do want to slow down and smell the roses with you.  On the flip side, if you are working with students they don’t care about the roses–tell them where they can find beer and dates (in that order!) On my latest new construction project, we correctly predicted that our customers would be young professionals.  Sadly, my young professional days are behind me so when reviewing marketing materials and ads, I passed them in front of staff members who are in that demographic.  Invariably they chose what I didn’t like; however, that’s what we went with–because we used the bait our fish liked!  (And, by the way, it worked!)  Using the wrong bait is frustrating, a waste of time and can be financially disasterous.

3)  If you don’t understand which bait your customer is hungry for, ask.  It’s okay to pull together a team of up-and-comers together to be your advisory panel.  Tap into their wants and desires.  In the process, you will learn some amazing things and you will develop loyalty and excitement from your posse! 

And lastly–the fish are biting.  Have fun!

Jim Baumgartner | RentSoda

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