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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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Mid-life crisises don't just happen at MID-LIFE anymore…bring back Mary POPPINS!

Do you feel the need to get more done? Do you have long to-do lists? Are you doing “stuff” but still can’t get “anything” done?

If you answered “yes,” you could be headed to a mid-life crisis. These things start small, and then they snowball….take for example:

I had a conversation with a woman yesterday that BLEW my mind. She’s young, beautiful, smart (she’s my “go-to” person when I need info), socially connected, socially conscious, and someone who gets STUFF done. I’m talking A LOT of stuff. She juggles a demanding job, participates in the local apartment association, fun/loving family woman, successful - one word AMAZING. (Let’s call her Mary Poppins going forward.)

Mary Poppins said to me, “I need to find a way to get more done. I want to take a class on prioritizing and how to get more done.” WHAT? I was so surprised. Get MORE done? MARY freeking POPPINS? WOW.

I recently took a class on MOLD. The one thing I learned in this class,  was this: Address the problem, not the symptom. So, in the mold case, the problem was moisture, and the symptom was mold. Treat the moisture problem and the mold will disappear.

For Mary, her sypmtoms included keeping long lists and feeling dissatisfied with all that she had done. As we talked more, I was able to uncover the real problem – lack of motivation.

We’re not talking about the momentary lack of motivation where a simple PEP talk would cure you. We’re talking about a full-blown lack of motivation. The kind that if left unaddressed, leads to a MID-LIFE CRISIS. The kind of crisis where you wonder who you are, why you’re here, and why you gave up on your dreams. All the sudden, you buy a fast car, join a band and dye your hair pink – try to live the dream all in one fell swoop. This doesn’t cure it either. Mid-Life Crisises don’t just happen at mid-life. They can happen to anyone, anywhere, anytime. They take time to build up.

How do we address a lack of motivation before it becomes a full blown mid-life crisis? Before you quit your job and dye your hair pink?

In talking to Mary further, I found that in her attempt to get more done, she had cut out many of the things she  enjoyed – singing happy songs, painting as a creative outlet (she had always wanted to be an artists!), and yoga. In the time that she used to read books, paint and practice yoga, she replaced those with career oriented activities – meeting with MORE clients, analyzing traffic patterns, and learning about the widget building process (and how to turn widgets into socially conscious “green” widgets), the list goes on and on. FUN? NOT.

I encouraged Mary to treat herself - allow herself the outlets that she so desperately needed. Take a class on painting! Join a choir or singing club! Find a yoga group – not only practice yoga – but talk yoga! I promised her that is she did so, even 1 hour a week, she would find that she would be so much MORE motivated at work. (Let’s bring the POPPINS back to Mary!)

I also encouraged her to find a way to bring those parts of her outlet to her career, if possible. Was there some way to intertwine yoga & the multi-family industry? Was there some way to intertwine her love of painting and her career? Could she start a singing club on site? How much happier would Mary be if she could?

Why do I mention this on a blog for the Multi-Family industry? Because Mary is not just one person, she is almost everyone person I meet in this industry. In the Apartment (multi-family) industry, it’s serious business. So serious that many of us have sucked all the fun out of it and replaced it with 100% serious business 24/7. We’ve all gone from Mary POPPINS to plain Mary!

I think the opposite. The Multi-Family indsutry is one of the most exciting, most diverse, most fun industry I have ever and will ever participate in. There are TONS of avenues that we travel where we can bring the fun. WE are our own worst enemies- we have chosen to cut the fun out in order to make room for more work. Let’s choose to bring the FUN back in.

When I was on-site, I once taught a cooking class, hosted off-the-hook FUN events (complete with aerialists, acrobats, and fire-slingers – email me if you don’t believe me and I will send you a link to pictures!), hosted “neighborhood socials,” had the oppotunity to pick out FABULOUS art for my community, hosted “jewelry” parties and fashion shows all in the name of WORK! Did my boss tell me to do these things? NO. Did I get in trouble for this? NO – in fact, my property won 5 MADACS awards for all the fun we had. My goal was to make the property successful. To do that, I brought the FUN to work. Here’s a picture of us on our 5th award at MADACS gala. Looks like fun, huh?

In the Multi-family industry, I believe we have so much more opportunity to bring the FUN into our lives than most other industries. Whether you like to cook, network, party, admire art, wear jewelry, read books, juggle fire, play music, whatever tickles your fancy – YOU have a greater opportunity than many in other industries to bring THAT to work. Whether you are a site manager, leasing agent, maintenance man, bookkeeper, caretaker, vendor, service provider, you NAME it, YOU have the opportunity to bring IT to work. – then see how much you can get done! In the words of Disney’s Mary Poppins, “A spoon full of sugar makes the medicine go down!”

What kind of FUN have your brought? Leave a comment and see how much fun we could all be having!

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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Dear Apartment ILS: KISS! (Keep It Simple Silly!)

We all have a love/hate relationship with our apartment ILS’s. We love them for everything they do, and we hate them for everything they do. Yes, I’m talking about Rent.com, ForRent.com, Apartments.com, Move.com, ApartmentFinder.com – those are my big ones, but I’m sure I’m not mentioning dozens of other ones. I’m talking about ALL of them! Don’t get me wrong, I love all my providers! They bring me traffic. Traffic is king these days. The provider’s sales agents are great – friendly, helpful, a HUGE resource to apartment communities. But, the actual services all lack something EXTREMELY important - make it easy for the prospect! KISS! (Keep-It-Simple-Silly!*) (*I hate calling anyone stupid, so have replaced stupid with silly)

A recent blog post I did and two recent discussions on Multi-Family Insiders got me to thinking:

Give the prospect what they want. In the end, they are our customer.

To read the recent RENT SODA blogpost and discussions on MFI that got me to thinking, click below:

There’s a MARKET for THAT! (my RENT SODA marketing blogpost)

Advertising on Yours (and Others’) Good Names : an MFI discussion started by Mike Whaling

The ILS Conundrum – an MFI blogpost by Mark Juleen

Why can’t the ILS model be more simple, and cater to the prospect? Make it easier?

If they get THEY want, you get more traffic, and you drive more traffix to US, and we get WE want…everyone’s happy!

I’ve been a renter before, and as a renter, or anyone looking for a service for that matter, I love it when:

  1. …someone else has aggregated all the information for me into 1 BIG list. i love LISTS! I’m lazy, I have limited amount of time, and I need to find the RIGHT apartment without spending all my free time looking for an apartment. Come on, I have a life that I want to live. Being a professional apartment shopper is not my gig!
  2. …once I’m on your site, make it simple for me to find my dream home. (i.e. if I’m looking for Minneapolis, don’t give me all the listings out in the suburbs! REALLY? Do you think that providing me with listings all the way out to Timbuktu serves me in anyway?) The more time I spend frustrated on your site, the unhappier I become.
  3. Provide me with reviews. REALLY. Amazon does it, ebay does it, Best Buy does it – everyone and their dog allows for comments and reviews. I want to hear what other people like me who have done this before think.
  4. Link me to the property. Come on, I know you want me to stay on your website so you can provide a report to those that pay you on how long the average user stays on the website. But REALLY? Once I have narrowed down the list of who I want to visit, I want to VISIT them. Make it easy for me!

What do YOUR prospects and renters want from an ILS? As a renter, what do they want to make the experience easy and enjoyable? Please leave a comment with your thoughts. In the end, we should give the customer what they want, and they’ll continue to come back for me. Let’s see if we can get the attention of the ILS’s!

Dear Apartment ILS: KISS!

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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What should we be "facebooking?" in the Multi-Family industry?

OK, so now that we’ve established that facebook does have a positive ROI, that we SHOULD be “doing it,” the question naturally becomes, how/what should we be “doing” on facebook?

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

Intro: 3 facebook questions everyone asks when starting out… 

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

OR Part II: Facebook-itis: Addressing the Fear of Facebook head-on!

This is a loaded question, as many times, in our industy, we are focused on leasing apartments. We naturally want to tout our advatanges and post our specials – the way our traditional marketing avenues with print advertising and ILS’s have allowed us to do. Please keep in mind that for our industry (as we have now discussed on the ROI of facebook – the Value of Creating Community), facebook CAN be a marketing tool, however, it is first and foremost a connecting and communications tool to creating and fostering community. Facebook is NOT traditional, so to be able to use it as a marketing tool, we will need to think about it non-traditionally. Throw away those ideas of just blasting what your community is about, “advertising” specials, or listing prices. To better help you determine what you should be “doing” on facebook, let’s address a couple of basic questions:

  1. Who do you think your community’s “friend” or “fan” is?
  2. Why do you think they are would accept a “friend” or “fan” request from you?
  3. What do you think your “friends” or “fans” are there to see/hear?

These are the questions you SHOULD be asking and answering to determine what SHOULD go on your facebook page. IF your facebook page consists of 100 eager prospects just waiting for a rent special so that they can finally sign a lease with you, than by all means, advertise your rent specials.

I don’t think this will be the case for 99% of sites out there!

I’d like to open this up for discussion. Please leave a comment that answers the 3 questions noted above. If you don’t feel comfortable leaving a public comment, email me! (Daisy {at} rentsoda(.)com) My next article will compile all your private and public comments to share with all. (If you email me privately, I will leave include your comment, but won’t quote you. If you leave a public comment, I may quote you & link to your company. – OR tell me how you want it handled!)

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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Call for stories!!!

The response to my blog has been overwhelming! Thank you so much for the support AND, the most rewarding surprise: I have received tons of emails and comments (sometimes a call too!) about YOUR stories! Reading and listening to your stories has made me laugh, cry, sometimes even gag a little – the full gamet of emotions. As more and more of you contacted me about YOUR funny, heart-warming, odd stories, I realized that for an industry that has some of the smartest, funniest, most caring people I have ever known, YOUR voices and YOUR stories are seldom heard or shared. (Except maybe behind closed doors.)

Why is this? Usually fear. Fear of our bosses, fear that somehow, we are the ONLY ones that have ever experienced something this crazy, fear of violating fair housing regulations, fear of our competition, fear of the unknown. Well, fear no more.

It was obvious to me that even though you FEARED telling someone, you didn’t have  a fear telling me. Perhaps it was because you saw my post about me, and realized I wasn’t some scary, crazy, one-eyed blogger? Perhaps you identified with my stories? Perhaps you heard something in my blog that rang true? Perhaps you knew I would read, laugh, cry and listen with you? Well, ALL of the above!

So, this brings me to some very exciting news. I have registered the URL RENTERTAINING.com. RENTERTAINING.com will be a sister company/website/blog to RENT SODA. RENTERTAINING.com  showcases YOUR stories. You can be anonymous, or you can identify yourself. Whatever your comfort zone is. Any incriminating details will be removed to protect the identities of the innocent. (GRIN!) But the content -  YOUR story will shine through so that others, real people in this very real indsutry of ours, can laugh and cry with you. Just as I did.

So, with that, I am putting out a call for YOUR stories. Email me at daisy {at} rentertaining(.)com. Over the next few weeks, I will be working on RENTERTAINING.com (don’t check it yet, there’s nothing up yet), and hope to launch it for New Year’s. Just in time to start off 2010 right.

Your partner in pursuit of laughter,

-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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Thankful for Thanksgiving!

Thanksgiving is around the corner. I’m going to take a break from my 3-part series on facebook, and be thankful. I’m  thankful for some of the hardest working yet most underappreciated people in our industry – the vendors of the multi-family industry.

I should also point out, that as an industry, WE, ourselves, are vendors. We are vendors to every person who rents an apartment from us. Knowing how bad it feels when a renter takes out their frustrations on us, why do we do that to our vendors? We know that it takes time to learn about someone in order to sell our value proposition (remember all those questions from the guest card?), and how frustrating it is when our prospects say,  “just tell me how much it is,” and yet we’re always asking this of our vendors all the time. (Remember when you asked your sales person to *JUST* give you a number, without taking the time to explain what you want?) How hard is it to sell on value when you prospect says, “Well, ABC Apartments down the road is giving away 2 months free rent,” and we turn right around and tell XYZ contractors their bid is 2 cents too high. Our renters don’t buy IT, as we aren’t buying IT ourselves. Kinda sucks when the shoe is on the other foot, huh?

Don’t get me wrong – smart business is still smart business. We definitely need to know where the market is and demand competitive pricing from our vendors. Whether the service is software, advertising, carpeting, screening, information, bulk purchasing, etc., beyond asking that vendors be competitively priced for the market, the secret to my success has been carefully choosing the right business partner for my needs. THIS is the exact intersection point where smart business becomes GOOD business. The “smart” business person in me would have squeezed that extra 2-3% savings out of a vendor. The “good” business person in me realizes a 2-3% savings will be repaid back ten-fold through a healthy business partnering relationship. The right business relationship can mean the extra competitive edge it takes to succeed in today’s economy.

Back to being thankful…

November 23rd, 2009

Dear Business Partner, (you know who you are!)

Thank you for all the things you have done to make me successful including:

  • giving me competitive pricing so that I can in turn be competitive
  • service with a smile (even when I have been less than helpful!)
  • answering my calls – even after hours
  • providing me with several options to choose from
  • pointing me to the best options for my situation
  • getting me the bid asap (i.e. yesterday)
  • bidding it 4 different ways with 2 different options = 8x’s more work for you, just so I can make a decision
  • wanting me to succeed
  • servicing my needs so that I can spend more time servicing my residents
  • providing free information in your field of expertise
  • delivering what you promised, and then some!

Thank you for partnering with me on our road to success.

-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!

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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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3 Facebook questions everyone asks when starting out…

People ask me all the time about facebook. Some people are just confused, some are scared, some are excited, some are clueless, still others hesitant, and then there are those who FAKE it! (You know who I’m talking about!) Why all the confusion? Why all the ruckus? I just don’t get it, and if you have been reading my posts and know my tagline, well, I GET IT. But all this confusion is…confusing!

So, let’s talk it out, or should I say, blog it out. I’ve narrowed down the top three questions I get asked most often:

1.) What is my ROI when using facebook as a marketing tool? – This is usually asked by various levels of upper management – your CEO’s/COO’s/VP’s/Director’s. Occasionally a very business-minded manager also ponders this out loud.

2.) Should my site(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.”

3.) What should we (as sites) be “doing” on facebook? – This is usually asked by someone who has just opened up a facebook account and realizes they don’t know what to say or “do.” Their friend list consists of 22 people - 10 of whom are vendors, 8 are competitors, 1 is their mother, and the last 3, they *hope* are residents or prospects of their apartment community. OUCH.

Don’t get me wrong, there are a TON of other questions, but these are the ones I get asked most often. AND, very relevant questions for beginning users, intermediate users, and advanced users. As an industry, we need to understand these 3 questions – and GET IT – right.

HEAVY questions – this week, I will be writing a series of 3 posts to address each of these questions in a little more depth, but keeping each post at a reasonably short length. Hopefully I can make light of the  questions and have some fun while I’m at it! The good news: by asking these questions, you are on the right track to GET IT!

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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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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