Archive for the ‘Marketing Apartment’ Category

Tips for Leasing Apartments Online

Monday, August 31st, 2009
Great Article by Garland Pollard at BlackCow Press
Categories: Content Development, Web

Tips for Web use for ApartmentsSo you have an apartment to lease. Either a weekly lease, monthly or yearly. And you’ve done all the things, including newspaper, CraigsList, local apartment guide, even a few fliers to neighbors. And you still have some un-rented inventory.

What’s next?

Make sure your web site and total online presence is where it needs to be, from email to website to Google Adwords to Search Engine Optimization for Google, Bing and Yahoo. A few ideas:

  1. Make your photos real. So often, websites show canned or old photos, and have non-descriptive language. If you can’t afford a professional photographer, get out there with a camera yourself and take lots of creative angles. You can hundreds of photos with a digital camera; shoot away. Be creative. Yes, you want images that show the room, but you want the images to POP out at the reader.
  2. Show floor plans. Potential tenants want to imagine what they will be getting.
  3. Make sure the right numbers are on your website. Yes, you want the office number on the site, but do remember to keep the rest of the telephone numbers on your website. A few minutes delay might mean you miss out on a tenant.
  4. Make it Melrose Place: No, we aren’t saying that Heather Locklear will need to be there. Instead, what we mean is that you need to “brand” the name and place as a community and way of life. If your clientele is just out of college, you want to play up the social aspect. If it is mid-life folks, then there is another approach to take. Go around and talk to the people who have lived in the apartments the longest, and like it. They will give you the scoop on what makes your place unique. Remember, outside of the signage and the architecture, your “brand” is the people who live and work at your complex. Consider having a web-page where you only list former tenants and what they loved about the place. “I lived there in 1973. Gosh those were some great days at Piney Apartments!”
  5. Meet the staff: Do you have a lawn company or maintenance man? Show them on the site. Not only does it give them a boost, it tells the potential tenant that this complex is a place where the staff is valued. That message will translate to the potential tenant as this is a place that will take care of me.
  6. Talk to Realtors. Realtors who do relocations might be a good source of referrals.
  7. Use Google Adwords. With Adwords, you pay for clicks, not exposure. That means that your apartment community or resort gets exposure even if you don’t pay.
  8. Use lots of noun-based copy. Search engines can only find your information through words, and adjectives are not as important as nouns. So use lots of words and descriptions for your apartments. Don’t use lots of descriptive words. Instead, use facts, such as size, color and amenities. For instance,  you would say “oleander-lined walks” rather than “pretty” walks, or you might say “brick-lined paths” rather than just nice landscaping. This might sound extreme, but you can even mention paint colors, flower beds and the like. Read our tips on Search Engine Basics for ideas.
  9. Have faith! While the economy is in an awful spot, everyone’s in this mess so just keep at it and you just might even build up a waiting list.
  10. Know your architecture: At some point, someone designed your apartment buildings with a vision, however modest. Make sure you know that. For instance, if it is a complex built in 1962 by a local architect or developer or contractor, mention that on the site. People have confidence in other people; you are trying to differentiate yourself and every tidbit of information helps.
  11. What are the benefits? Find benefits where you don’t think there are benefits: If you have shaded parking, that’s a benefit. If you have a pool, make sure that it is an”intimate” pool or a “jungle” pool or a pool with “dozens of deck chairs and card tables where residents play chess every Tuesday.”
  12. Take advantage of Social Media. You can spend a lot of time in social media sites like Twitter and Facebook, promoting your apartments. Sometimes it pays off, sometimes not. But even a little bit of effort helps to get search engines like Google and Bing to find your name, and associate your apartment name with keywords.
  13. In the neighborhood: Don’t be afraid of old fashioned shoe leather. Yes, the web is powerful. But make sure you make yourself known to other nearby apartment communities and businesses that are near to your apartments. They will certainly be able to refer people if they know of someone.
  14. Post the rules but be flexible: When new tenants are hard to find, you need to keep the ones you have. Better to train an old tenant to be a good tenant than to have to find new ones. That being said, a person who finds your apartment over the web wants to know some of the expectations. For instance, are guests quiet at the pool after 9 p.m., or is there a Friday night pool party? How many parking spaces?
  15. Make sure your site is running properly. Look at your site on different computers and browsers. Does it load quickly? Do you have analytic software installed so you know where your traffic originates and what they are looking for? Do you have all the pages up that you need?

Price, Amenities, Property Condition, and Social Condition

Sunday, August 30th, 2009

The responsibility of renting a property is critical, but simply generating traffic and having a trained sales staff will not rent units.  We are operators in a commodity market.  By definition, this implies that as owners and managers we have to provide some basic underlying conditions to rent.

First on the list, as operators we gain nothing by trying to sharply under price the market and if we over price the market, we will not rent.  This is a delicate item because if we price too low we lose money and if we price too high we will not rent at all.  Further, this means we have to be competitive on concessions as well as basic price.  With all this in place, if as owners and operators, we can establish a position of greater value we will have a sustainable edge in the market.

Next, our property must be priced to compete with properties on amenities.  Visits and calls are generally determined by bedrooms, bathrooms, and amenities.  Pricing to fit against the competition in this area is critical.

A clean well maintained property is another basic point.  Property management processes and procedures that assure this are critical to renting units.  As always, customer service wins the day.

Finally, social condition will kill renting and can be a great rent enabler.  If resident prospects  see a clean area, late model vehicles, quiet and low key resident interactions, etc.  Residents and resident prospects need to feel safe in the neighborhood.  The probability begin increasing quickly that they will choose your community as their new home if safe, clean, and friendly conditions.

Blake Ratcliff – The apartment marketing guy

More info on Hispanic Marketing Focus

Monday, August 24th, 2009

We’ve hit many times the fact that Hispanics are the fastest growing resident demographic.  However, did you know that Hispanic Internet usage is growing 50% faster than the general market?  Do you have a strategy for this market area?

If not, keep in mind that most Hispanic searches are in English.  The fact is Hispanic marketing in fact any demographic marketing focus is a cultural item.  For example are you aware that a Hispanic household is 3.5X more likely to respond to a direct mail item than a non-Hispanic Household. This is particularly important when you understand that they only receive 10% of the mail other households receive.

About 55% of Hispanics respond well to ads in Spanish.  Also, Radio and television is generally the best mode of advertising based on selling results.

When you considers Hispanics are $860 billion dollar market segment, ignoring this segment is at your own risk.    This will be an even greater fact as the segment is  expected to grow to over $1 trillion by early in the coming decade.

Good sources for this post were:

MK Blog

The Latino Journal

Online Hispanic Trends

Online Rental Application vs. PDF – Revisited

Friday, August 21st, 2009

Submitting a rental application is a HUGE step for both the potential renter and property manager alike. Once the potential residents have submitted a rental application, they have made a conscious buying decision. It is a fact -phone leads, email leads, and walk-ins are great, but completed rental applications are golden.  It’s a wonder then, why so many multi-family properties still use only paper and PDF applications when it comes to leasing their apartments! In the age of technology, it has been proven time and time again that electronic submissions are faster, easier, and more organized than a long paper trail.

I’m sure you’re thinking, “I have a PDF application that potential renters can print, fill out, and bring back or fax it to me; what’s the difference?”

The difference is huge!

First, ask yourself, “How many of your PDF rental applications have you received from your website and internet ads in the last 12 months? 1, 2, 5?”

PDF applications don’t work because they are essentially the same as a paper application that is picked up at the office. In fact, in most cases it is the exact same paper application, just uploaded to the Internet to be printed. Applicants still have to fill it out and bring it to you or fax it. We’ve learned that the less running around people have to do, and the more convenient their application process is, the more likely they will be to rent with your property. Convenience is key!

We personally own ten multi-unit apartment properties in the Southeast. Our properties, receive an average of 2-5 new rental applications a week from their websites and internet ads! One of our properties had 29 sight-unseen leases last year!

Online Rental Application

Winning the Renting Game

Monday, August 10th, 2009

Renting apartments is tough business.  For many in the industry, consternation and discomfort is a common reaction to the advent of online sourcing opposed the decline of print advertising is very disturbing.  Traditionally and in fact even  now, the industry is relatively low tech.

The good news is there is no need for most properties to change.  The key is to understand how to tap into online support.  The key is to have a small arsenal of the right tools and to recognize that having those tools does not imply becoming a techno wizard.  The basic elements are a community oriented sharp detailed website, strong ILS support, and a support team that will ensure you have the online exposure you need.  There are numerous tools including Vaultware, Real Page, and our own management services.  Each can serve some or most of your needs.

Combine this with a strong understanding of your competition and the right combination of traditional  factors including property condition, customer service, maintenance quality, tenant management, and signage and you are on your way to a winning combination.

Online vs. Print Advertisements

Tuesday, July 21st, 2009

Advertising your multi-family property may seem like an arduous task considering the myriad of options (and expenses!) available these days. At Occupancy100, we’ve learned that online advertising is the most practical option when pitted against print advertising in terms of ROI and the infinite number of potential renters these types of advertisements are able to reach.

Print ads tend to be incredibly expensive and with a low return on investment. Brochures, pamphlets, newspaper/magazine ads, billboards, etc. require high monetary investments in order to fund design, printing, distribution, storage, and postage, and potential error modification. After such an outflow of money, the geographical restrictions for distribution are incredible—often these types of advertisements are seen mainly by the older generations who are less likely to use the Internet, and skip over those younger generations who rely mostly on the World Wide Web as their main source of information.

In comparison, online advertising costs are often limited to website hosting—which costs a minimal monthly fee—and the individual advertisements can be seen by any person with a computer, whereas print ads are generally limited to their specific geographical locations. Online ads are capable of reaching an infinite number of potential tenants with a larger overall profit margin per consumer in contrast to print ads. Additionally, errors can be easily corrected with online advertising whereas correcting any printed mistake requires an entirely new printed product—re-establishing the original costs.

After trying print advertisements for ourselves with minimal results, we tried our hand at advertising on the web, and what a difference it made for us and our company! We want to help you utilize these tried and true techniques for your own business! With our Successful Website, Search Engine Marketing, and Search Engine Optimization services, we help your business gain the top spots in organic and paid search results and we help you to expand your properties’ marketing opportunities as a whole.  We even gather monthly reports so you can track the progress and traffic of your advertisements in conjunction with tenant acquisition at your properties. The best part? You only pay for results! Check us out today!

Introducing, Apartment Marketing Solutions!

Monday, July 13th, 2009

Hey everyone,

We at Occupancy100 are pleased and proud to announce that our new website, Apartment Marketing Solutions, has been completed and is ready to serve all of your marketing needs!

In these hard economic times, we know how difficult it is to generate potential renter traffic, let alone sign leases.  Having previously struggled with lagging occupancy in our local renter market due to the military “surge” overseas, our staff had to create new and innovative ways to generate traffic through our apartment complexes. Having already experienced our services’ success for ourselves, we’re now here to help you! Check out all of our services, proven to generate leads and sign those ever-elusive lease agreements, and you only pay if it works!

Our Tenant Lead Generation solution generates 2-3 new calls per day by weekly updating your apartment ads on various websites such as Craigslist and Whitepages, and other forms of targeted marketing. If you sign up now, you get 10 leads for free — a great way to test our expertise for yourself!

We also offer an Online Rental Application–a secure, rental application that potential occupants can fill out online without using a pen, printer or fax–and you receive it immediately. This service option has proven itself time and time again, offering 3-5 new applications per week to our customers! Try it now and receive your first 4 applications for free! Additionally, our Online Rental Application is accompanied with our “Know Your ROI” feature that allows you to gauge which advertisements are creating the most traffic through custom pie chart displays.

Through our experience, we have learned that rental applications that are responded to immediately produce a signed lease at least 50% of the time. Since potential tenants often fill out rental applications upon returning home from work, we offer After Hours Leasing Support from 6pm-2am to field any incoming applications during this time! Potential renters are happier (and more likely to sign leases) knowing that they are responded to in a timely manner! Get your first 2 responses free if you sign up now!

Accompanying these amazing services are our auxiliary services, including search engine optimization, monthly reports, and more! To view everything for yourself and/or to contact an Occupancy100 representative for further detials, visit www.apartment-marketing-solutions.com.

We look forward to serving you and your apartment rental business!