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How do you FEEL? Success – It's all in the details.

Consider these 2 statements:

1.) Things happen to me. 2.) I make things happen.

A small change in a statement can make a STATEMENT! A very subtle change to the sentence, but the way you FEEL when you say sentence #1 vs sentence #2 makes a WORLD of difference.

We are all so concentrated on the BIG picture and global problems of our businesses that many times, the little details can become forgotten or lost. Everyone is worried about their vacancy rate and their cash flow. You might have 20 apartments to lease, you’re thinking about how to stretch your budget, put together a resident party and conduct employee reviews. Who would have time for the little details – especially RIGHT NOW?

But, consider this: It IS the little details that can get you from good to GREAT, it is the little details that can make you FEEL good or feel NOT so good. If a small change in a sentence can make you FEEL so different, what kind of small changes can you make in your business that can make you, your customers, your vendors, and your staff FEEL as empowered as statement#2: I MAKE THINGS HAPPEN ?

The most basic detail we are overlooking is how we feel. Take a fresh look at everything that effects your business, and ask the question, “How do I feel when I look at this?” Because if you ask that question and can find a truthful answer, how you feel may very well be how others feel when they look at you, your product, your office, your apartment community, your business.

Let’s take for example your office/leasing space. Clear your mind and stop thinking about the million of things you have to do, need to get to, or wish you could do. Instead, clear your mind and walk into the front door of your leasing office and ask yourself, “how does it make me feel?” Does it feel warm and inviting? Does it feel cluttered? Does it feel peaceful? Is it noisey?

Take a look at these three pictures of leasing offices and see how you feel about the office and desk:

PIC#1:

 If this looks like your desk, we need to talk. The good news is, some small changes can make a HUGE difference. When I look at this picture, I feel ANXIOUS, CLUTTERED, claustrophobic, disorganized, overwhelmed. What do you feel? If your office looks even remotely like this, just think how difficult it is to lease apartments when your prospect feels anxious and disorganized when sitting in your office? Additionally, they could be thinking, “If I turn in my rent check, is she going to loose it? If I have a maintenance request, will it get completed on time?”

PIC#2:

This office looks better, but only when you compare it to office #1. There is good lighting (which makes a HUGE difference on how a space FEELS), there is seating available for prospects, BUT, the seat is covered with “stuff.” When look at this picture, I feel UNWELCOMED, BUSY, confused. This person clearly knows what they are doing, as it is somewhat organized, but it makes me feel like an intruder, as I’m not sure how I fit into this setting. (Where do I sit? If I DO get to sit in the green chair, I feel like I could be disrupting this person’s “organized chaos.” If I am a resident here, I would still feel unwelcome in this office. This is not how a prospect OR resident should feel when sitting in your office.

Pic#3:

This office is the best one of the bunch. Any clutter is neatly organized in drawers or behind screened cubes. The color pallet is soothing. The lighting is good. When I look at this picture, I FEEL calm, organized, welcome. This would be a great office to ask for that sale, sign leases, meet with residents. You can’t tell from this picture, as this office is so small that we had to get into the closet to take this picture – there IS a desk that fits and feel as calming and soothing as this office wall. There are a few small details I would recommend on this office to create an even greater sense of calm and welcome – 1.) Paint the wall space between the credenza and upper cabinets the same calming blue/teal color that is in the upper cabinets. This will create a focal point away from the printer/scanner, and away from the overhead files. 2.) Hide the wireless router. It’s wireless, it should still work in a drawer or even under the credneza. 3.) Hang the art horizontally along that wall – centered between the upper cabinets and the credenza. Again, to create a calm, soothing focal point that leads the eye away from anything that can be percieved as not calm – i.e. the printer & scanner & hole punch. Just think how many apartments can get leased in this office vs #1 or #2?

Do this exercise with your models, your print ads, your curb appeal. How do these things make you FEEL when you are looking at it? However YOU feel, you can expect your prospects, residents, visitors, and vendors to feel the same way when they walk in. It’s hard to do business, conduct business, sign leases, if people feel anxious, confused or unwelcome. Make the changes necessary for your business to be successful.

If you are having a hard time clearing your mind and doing this exercise, take pictures of the space in question, and show it to your friends, co-workers, business network, and ask them how THEY feel. From there, work on making some small adjustments to get your spaces feeling calm, inviting and soothing. If all else fails, call in an expert like an interior decorator or feng shui expert. It is amazing how some inexpensive adjustments like rearranging furniture, creating focal points, creating mood with paint, hiding/organizing clutter in drawers/behind screens, etc can make you feel. This doesn’t need to be an expensive exercise by any means.

If you still don’t believe me, repeat these statements again:

1.) Things happen to me.

2.) I make things happen.

How do you feel? What will you choose? Make something happen TODAY!

Don’t Get it? RENT SODA. GET IT!

-Daisy Nguyen in Minneapolis, Minnesota

CEO

RENTSODA-small

Business & Marketing Consulting to the Apartment Industry

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

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Leasing: 10 Steps From SAD to RAD!

Here in Minnesota, we blame the leasing slow-down to the weather – we tell ourselves that no one wants to move when there is snow on the ground. (And who would really?)

It’s not the snow. It’s SAD. (Seasonal Affective Disorder) And it happens EVERY year, EVERY where. So let’s not get our undies in a bunch! If you can plan it right, you’ll forget about being SAD and become RAD (Rocking All Day!)

Below is RENT SODA’s 10 step program from SAD to RAD:

  1. ACCEPT that SAD does happen. Your prospects get SAD, and they don’t want to move. Your office is afflicted by SAD, and it’s hard to keep a positive attitude. First step is to ACCEPT that SAD happens!
  2. The second and MOST important of the 10 activities, is to GET OVER IT. SAD happens to good people! Let’s stop whining about how bad it is, how bad it might be, how bad it’s going to be, how bad the economy is, stop worrying, stop attracting that negativity! It’s one thing to accept it, but let’s not wallow in SAD-ness! GET OVER IT.
  3. Every time you accomplish one of these steps, cross it off your list! Now that you’re over IT, breathe in, breathe out, and print out this list to be used as your CHECKLIST.
  4. Update, refresh, renew your ILS listings: This is a great time to look at all of your ILS’s. Who are you using? What new features have they implemented that you may not have taken advantage of? Many times, our ILS vendors are responding to our feedback and requests. They are constantly changing their programs, adding features to meet our needs. TAKE ADVANTAGE of their new features. Don’t just glaze over something. Look over it, review it, assign it to someone on your team, and take advantage of all the new features your ILS has to offer!
  5. Evaluate if your current ILS’s are doing what you need. If not, change it up. Add new ones. There are new listing services coming on-line all the time. Many are extremely affordable. Some are free!
  6. Take a look at your Craig’s List adds. NO, STOP, take a REAL GOOD look at them. Some of those craig’s list ads are embarrassing. These look nothing like your brand, your image, or your other internet listings. Now is a good time to design, tweak, and change those ads to match your image and brand. Tired of posting craigslist ads? There are a TON of services that will post them for you ALL at an EXTREMELY affordable price. (Usually under $40.00/property/month!) If you need a list of providers, email me.
  7. Join a networking group in the industry. You local apartment association is a great place to start. Getting involved in a committee or group is an awesome opportunity to be around other people in the industry. It’s so easy to get caught up in our own thing and forget there’s a WHOLE world of ideas out there! Get out there and collaborate, share, and learn through your participation in a group other than your own employer. If there isn’t a local apartment association in your area, join a networking group that interests you. There are tons of marketing groups, young professionals groups, political groups, etc. You name it, there’s a group out there that you can join, share, learn from and grow with! Ask around for recommendations, and if all else fails, try http://www.meetup.com/
  8. Refocus on resident retention. During the spring/summer months, your leasing agents spend a lot of time doing call-backs to follow-up on ALL those prospects. Now that the prospect list has dwindled to a few a week, use that time to have your leasing agents call on current residents. Call them to follow-up on maintenance items, call them to say thank you, call your residents to wish them a happy new year. Whatever the reason, your residents probably don’t hear from you very often – except during an emergency or if rent is overdue. Use this opportunity to create a positive, no pressure interaction.
  9. Work on boosting your apartmentratings.com ratings. If you have had any positive interactions with any of your residents during this time, follow-up with a personal phone call (don’t just send them an email) and invite them to write a review on apartmentratings.com.
  10. Shake it up and shake SAD out. Smile, shake hands, hug someone, wave, say “Happy New Year!” dance, laugh, giggle. Shake it up and shake SAD out.

Use this SAD time wisely, and in doing so, you can turn leasing from SAD into RAD! (Rocking ALL DAY!)

Do you want to add steps to Leasing: From SAD to RAD? Post a comment or email me and add to the 10 step program.

Don’t Get it? RENT SODA. GET IT!

-Daisy Nguyen in Minneapolis, Minnesota

CEO

RENTSODA-small

Business & Marketing Consulting to the Apartment Industry

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

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

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Facebook-itis: Addressing the fear of facebook head on!

Part II: Facebook-itis: Addressing the fear of facebook head on! AKA Should my site(s)/apartment community(s) ”do” facebook? - This is usually asked by someone who realizes that they NEED to be on Facebook – because everyone ELSE is thinking about it or already “DOING IT.” Heard the buzz, now wondering…

This is PART II of a 3-part series. You can read the intro here:

3 facebook questions everyone asks when starting out… 

OR Part I: The ROI of Facebook – the Value of Creating Community

This is a great question. And the answer is as simple as YES.

KNOW THIS: In the Multi-family residential industry, we know who our typical renter demographic is - the biggest group of renters is ages 18-30. (Demographic information from NMHC - to see more demographic information, click here.) Our second biggest group, ages 30 – 44, and then 3rd largest demographic age group is 45-64, and then 4th is 65+.

KNOW THIS: Facebook demographics, as reported by istrategylabs.com as of 07/04/09, reported that the largest demographic of facebook users, ages 18 – 34 years old, totalled over 36MILLION users. The 2nd biggest demographic age group reported was 35-54 years old - totalled over 20MILLION users. The 55+years old user group totaled over 6MILLION users. The 55+ group was growing at a rate of 513% from the first half of 2009. (For complete istrategylabs.com statistics on facebook-click here. To see facebook’s statistics click here.) If your renter or prospect isn’t already on facebook, they WILL be. Will you be there to welcome them?

Technology continues to change, and with change comes new technology. Stay current with the new technologies – that’s how today’s business is done. (And for the most part, they can make life easier!)

If you think facebook maybe a fad – so what? A fad that has the attention of over 62MILLION U.S. users. WOW. GET IT while the gettin’s good. And if something else comes along, you can get GET THAT too.

And what about fear? Let’s address those fears quickly: Fear that you maybe exposing yourselves to liability? Fear that you may project the wrong image? Or fear that you may say the wrong things? Or fear that this might be too much work?

Well, to quote one of John Mayer’s recent tweets, ” …life may continue to be hard for you.” (For John Mayer’s full tweet/quote in its original context, click here and look at November 7th, 2009′s tweet.)

-Hey, I’m just being real. Agree? Disagree? LOVE IT? HATE IT? Still undecided? Want to chat? Leave me a comment!

Don’t Get it? RENT SODA. GET IT!

-Daisy Nguyen in Minneapolis, Minnesota

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!

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The ROI of facebook – the value of creating community

OK, so the million dollar question is:

What is the ROI (Return on Investment) of facebook for my site? Usually followed up by – how many leases can I get from facebook? Serious questions, and just like an owner/investor/upper management to get to the point – eh?

Well, short answer is your ROI is either 0% (yes you read it right, ZERO) or 100% depending on how you look at it. Intrigued? Read on…

This is PART I of a 3-part series. You can read the intro here:

3 facebook questions everyone asks when starting out… 

Facebook is all about creating community.  It’s all about people connecting with other people because they have at least one thing in common. There is a group for just about anything and everything, from politics, to sports, to music. Some as broad as “I Love Music” fan page which has over 2.4million fans, to the more specific, like “Sting” fan page that has over 300,000 fans, to your local band, who may have 100 fans.

Your apartment/site IS a community – whether you are 30 units or 300 units or 968 units, your apartment IS a community. Your #1 person on site – their title is “COMMUNITY MANAGER.” hmmmm….

Before facebook, and it wasn’t so long ago, most sites had a bulletin board of some sort. The community manager &  staff would decorate this board, organize it, and make sure it fit within the guidelines of your community in appearance and postings. You allowed residents to post random things on there, like “looking for roommate,” or “need a pet sitter from Jan 1 – Jan 8th, willing to trade services,” to “Lost Camera – gray, please contact Jon,” to “Superbowl Party - come join us in Apt#101!” Does anyone know what the ROI of this bulletin board was?

Before facebook, the savvy community manager created that sense of community with their interactions, their presence, their personality. What is the ROI on creating a sense of community?

Today, FACEBOOK. And its not just a little bulletin board. It’s BIG, in a BIG BIG way. Instead of that physical board, or the need to be physically AT a site or physically interacting with a community manager to get that sense of community, facebook helps you streamline that process. With a few clicks, your site has a central communication tool for your residents. Who better to control that tool than YOU? As before, you control what it looks like, what is said, and what is allowed. YOU get to set that example of community, nourish it, encourage it. You create that sense of community, you ARE that personality. Unlike that bulletin board, this online community can reach more than just your current residents. It’s out there in cyberspace – and guess what? Your prospects are going to check out what kind of community you allow, encourage and nourish. Sure, your prospects will visit your website. AND, they’ll also visit apartmentratings.com. But more importantly, they WILL look for your facebook page. What will they see?

So now, all the sudden the online community that you’ve been nourishing, encouraging, allowing, is not just a communications tool for your current residents. It is a marketing tool that you can use to reinforce your community image. People want to see who you (ABC Apartments) are and how you interact. They’ve already seen your website, they’ve already read the reviews on apartmentratings.com (and still interested!) and now they are serious. They want to know you, your apartment community. They are ready, eager, and willing to learn. This is your prospect who is ready to make a decision. And this is the best time to capture them. Are you ready?

So then the questions become: Why facebook? If I’m not really getting hard leasing numbers from using facebook, why do it at all? Why can’t I just direct people to my website? Its better designed, it looks great, it has a lot of information, THAT’s the image we want to project!

Because your residents/prospects are ALREADY on facebook. YOU want to connect with THEM, in a way that they prefer, are already used to, and feel safest. If you’re not already doing it, who’s to say, they won’t go ahead and create their own group? What if someone created a group called “The residents of ABC Apartments,” and you weren’t a part of that? Worse than not a part being a part of that – you would have no control over the group if someone else sets it up.

GET THIS: Today, you may not be able to measure exactly how may leases you will get from facebook. How do you measure all the leases you are missing out on? How many times did you miss an opportunity when your prospect was, ready, eager & willing?

GET THIS: You should already be using facebook as a communications tool for your current residents. If it also serves a marketing purpose … well then the ROI just doubled. (This is truly killing 2 birds with 1 stone…)

The ROI of facebook is all about the value of creating community. Emphasize the “community” in “apartment community.” Emphasize the “community” in “community manager.” Create that community. That community suddenly doubles as a marketing tool.

So, what’s the ROI on facebook for your community?

Don’t Get it? RENT SODA. GET IT!

-Daisy Nguyen

CEO

RENTSODA-small

Web: RentSoda.com

Email: Daisy {at} RentSoda(.)com

Blog: RentSoda.Wordpress.com

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There's a MARKET for THAT!

More often than we’d like to admit, we don’t like who we are, we try to be more than what we are, and in the end, no one is happy. This is the way it is both personally & professionally. To top it off, in the professional circuits, they call THAT “marketing.” I call it “bait and switch,” and as a consumer, I hate it. So why do companies do it? And more importantly, why do WE, as multi-family housing providers market this way?

Don’t think you do this?

Take for example a recent advertisement I saw in a typical apartment advertising magazine, imagine: a beautiful, tranquil pool, nice pool furniture arranged perfectly and a tagline along the lines of “live at ABC Apartments and you could be relaxing at your pool!) Then imagine making an appointment and driving up to a property that looks nothing like the picture, EXCEPT you DO recognize the pool. You thought this was a classy mid-range apartment complex, but it ends up being in a questionable part of town. You are disappointed, and the whole time during your tour, the leasing agent looks apologetic, avoids looking you in the eye and tries to sell the pool, as if you are going to be LIVING at the pool 24/7! You realize that this is not for you, and politely decline their offers of 2 months free rent if you sign TODAY! The big mistake with this scenario is that the people who placed the ad (whether it was a marketing company or a marketing department) assumed that the best thing about this particular property was the pool. Sure, it was a nice pool, and it was obvious they spent time to make sure the pool looked nice. HOWEVER this is not the reason why people lived at ABC apartments. (At least not the #1 – #5 reason)

When I visited this property, talked to a few residents, the leasing agents/staff, these were the reasons why they stated they lived at ABC Apartments:

  1. The rent is affordable. It is at the lower end of the rental spectrum, but its what I can afford.
  2. They do not let criminals live here. It is safe, and even though it is an “affordable” property, it is safe. I feel safe.
  3. Even though it is an affordable property, it is clean.
  4. Even though it is an affordable property, it is well maintained, and the staff respond to maintenance requests timely.
  5. It is in my price range and very centrally located so that my girlfriend and I can both commute to our jobs without a long drive.

Notice how many people mentioned the affordability factor and not a single one mentioned the pool! (Please note, this particular property is not a subsidized property, just a property that had low rents.)

KNOW your property, and KNOW why people REALLY rent from you. START THERE – and advertise the HECK out of THAT! For this particular property, I would have recommended advertising the affordability factor, advertising the “WE DO NOT ACCEPT CRIMINALS” factor (sure as a professional management company you might think this is standard, but don’t assume your residents know this or that your competition is doing this), and advertise the cleanliness! There is a market for affordable housing that is clean and criminal free. The people who ARE going to rent from you CARE about these things, and they could care less about that outdated pool. AND, if you surprise them with a fantastic pool – well then, that WOULD be impressive! No switch and bait. Instead of trying to be something you’re clearly not, why not try to be EXACTLY WHO YOU ARE? There’s a MARKET for THAT.

Don’t Get it? RENT SODA. GET IT!

-Daisy Nguyen in Minneapolis, Minnesota

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!

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