Archive for the ‘Property Management Services’ Category

www.softwareadvice.com – Great Website With Tons of Helpful Information on Property Management Software

Wednesday, October 21st, 2009

Hey everyone,

We have found a post by Chris Thorman on his Software Advice website about Property Management Software. This article briefly explains the many problems property managers face such as keeping track of resident leads, managing marketing your apartment, building an apartment marketing website, and much much more. Also he brings up a great point on how a recent report by Apartment Internet Marketing shows that 46% of prospective resident leads come in past the normal 9am-5pm operating hours. The article touches on the importance of an online rental application and how collection information from your website can help you know more about your prospective residents such as where they found out about your apartment community… click Property Management Software for more on this post.

New Occupancy100 Video

Tuesday, September 22nd, 2009

Hey everyone,

We have been working hard to  create as many helpful videos for you to enjoy as possible. Here is a video that explains our apartment marketing solutions, and offers a great overview on Tenant Lead Generation, and the Online Rental Application.

Enjoy!

Online Rental Application and Rental Application Managment Software

Monday, September 14th, 2009

In the past few weeks, we have made several great improvements to our Online Rental Application and our Application Management Software. Please take a moment to watch our 4 minute video:

Download the video below.

Online Rental Application and Management Software

Do New Agency Loan Value Percentages Impact Operations?

Wednesday, September 2nd, 2009

The short answer many properties are being thrown into default by these changes.  Properties meeting LTV, DSCR, and other required metrics are suddenly underwater.

Consider the effects of these changes plus increasing capitalization rates on owners and investors.  Projects that made tremendous sense a few months ago now are struggling.  Over the coming months many more will face the same issue.

As this situation comes to its full head, properties will sharply reduce expenses in numerous ways cutting repairs and maintenance, staffing, marketing costs, and almost any area they can pursue to push up their value before the appraisal, improve DSCR results, and many more.

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?

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