Not sure what to make of your analytics page? You know analytics are important, yet you’re not comfortable interpreting the data. Demystifying data is the beginning of success! Learn how to interpret marketing data and make smarter marketing decisions. Metrics Matter Metrics help you get the most out of your marketing spend. Your marketing and leasing software should offers data on seven key areas. This information reveals viewer engagement and conversion success. Engagement metrics show how users are interacting with your content. Conversion metrics convey if users successfully follow your call to action. Engagement Page Views depict how many people have visited a particular page or post. You can use this information to gauge what interests your audience and what’s easiest to find on your sites. Pages Per Visit isolates a single person and counts the number of pages that person visits. Data is then gathered on all people visiting the site. The number you see is often an average. When you have high pages per visit, that means viewers like what they see and want to know more about your business. A low pages per visit number isn’t necessarily bad if you have high conversion metrics. The low rate could mean viewers didn’t need to be persuaded—they were sold! But more on conversion metrics later. Time on Page is, as you may have guessed, how much time a person spends viewing a page. This will vary depending on the content. Pages for floor plans may have long view times as people consider their options. A page like About Us might not, since visitors skim for basic information. Shares are most common on social media but people may also share webpages with roommates, partners, and other parties that are participating in the housing decision....
On Brand
Property branding tips & tricks
You’ve got the location, the amenities, the staff and the software you need to manage your properties. So what’s missing? Why are apartments sitting vacant and renewals at an all-time low? It might be time to reconsider your brand. In this age of customer experience, your brand is critically important. It sets customer expectations for an experience that matches. According to a recent PwC survey, customers are willing to pay as much as 16% more for a better customer experience. Adding weight to that, a Walker study found that by the year 2020, customer experience will overtake price and product as the key brand differentiator. Executed correctly, your brand will help you get (and keep) more residents, support rent increases and beat the competition. But without a cohesive brand, you can’t compete. In the words of Brenda Studt, VP / Creative Director at Excelsior Creative, an affiliate of The Excelsior Group, “If you don’t have a brand strategy, you’re building a house without a foundation. It’s really just a house of cards.” Tweet this. At TEG’s Creative Studio, Brenda helps real estate clients, both residential and commercial, ] build and transform their brands. We asked her to share some property branding tips and tricks with us to help you create better customer experiences, whether you’re working on a new lease up or rebranding an existing asset. What services does TEG’s Creative Studio provide? Brenda: We’re a boutique agency with a focus on storytelling for real estate-related business. Our services include branding, digital experience design, print design and marketing strategy. Branding is my favorite. We offer target audience analysis, muse creation, naming, copywriting and brand element creation, including colors, typography and logo design. What is a brand strategy? Brenda: I’m sure other people will define...
Win at Branding
For Canadian Portfolios
Want to amplify your marketing returns and build a loyal customer base? Developing a strong brand identity can help you do both. Whether you’re an established midsized business or a burgeoning small company, it’s never too late to strengthen your brand identity. We attended the Canadian Federation of Apartment Associations conference with Sam Amin, marketing manager at Yardi, to learn more about creating a brand. What is a Brand Identity? Brand identity is more than your logo and color templates. Those are important, but your brand extends beyond what you can see and touch. At its foundation, a brand is a distinguishing mark, such a logo and other design choices. It tells us the source (company) behind a product (multifamily community). But as the “father of marketing” David Ogilvy explained it, the brand is “the intangible sum of a product’s attributes.” That means that your brand is also a set of associations connected to your business based on facts, emotions, and customers’ aspirations. How to Create Your Brand There is no need to reinvent the wheel. Amin recommends choosing from several branding formulas online to help you get started. Most formulas will require you to carefully articulate who you are and identify your customers and competitors. You’ll need to determine the type of community that you want to provide for your renters, physically and socially. As you work through each piece of the formula, be specific and authentic. Select messaging that feels natural even if (and especially if) it’s an unexplored angle for real estate. Your Brand—Everywhere, All the Time For the greatest impact, keep your brand in front of audience’s eyes. Be consistent with your messaging and steady with fresh marketing efforts that convey your messaging. “Use all your marketing tools including SEO,...
Meet Melise Balastrieri
MG Properties Group
How do you get more renters to your websites? Just ask Melise Balastrieri, vice president of marketing for MG Properties Group. Using the RentCafe Suite, Melise and her team manage the marketing for more than 20,000 apartment homes across five states. First, Melise uses RentCafe to create engaging property marketing websites. Then she drives more prospects to those websites using the expert SEO services of RENTCafé Reach. Once leads become prospects or residents, she relies on RentCafe CRM to keep them engaged. Keep reading to see how Melise makes it all work together. What is MG Properties Group’s mission? Melise: Our mission is enriching lives through better communities. And we believe that we do that with every single interaction that we have, whether it’s with a team member, our residents or our investors. What is one of your business objective in your role as vice president of marketing? Melise: A business objective that’s important to me is maximizing our use of technology in a way that affects our bottom line. That includes using it to get more leads that turn into leases. Because it’s not important just to have a lot of leads; you have to have leads that convert. How do you make SEO work for you? Melise: We use RentCafe Reach services to manage our SEO. We establish our goals based on the type of community we have, and our SEO specialist optimizes to make sure we’re attracting the leads most likely to convert. After all, we don’t just want a high quantity of leads; we’re more interested in high quality leads. RentCafe Reach provides clear and consistent SEO reporting. We can see things like website sessions, views and bounce rates to determine if we want to make adjustments. It’s been working really nicely for us. After three years of strong consecutive growth, our organic sessions were up another 21% last year. How do you improve lead capture? Melise: To capture online renters that visit our property marketing websites, we use some features in RentCafe that I think are very impactful. For instance, we encourage prospects to text us and schedule their own tours. We also use nudge marketing. These tools help us get in front of leads and give them options to contact us in ways that work for them. Our most recent data shows that, overall, our leads convert at 11%. But our self-scheduled appointment leads convert at 14% and our nudge marketing leads convert at 27%. These features are proving quite effective. How do you follow up with leads? Melise: At MG Properties Group, we automate follow-ups as much as we possibly can. Leasing teams are so busy onsite that follow-ups can get forgotten. Using follow-up tools in RentCafe CRM, we know our prospects are being contacted. We’ll use automated appointment reminders and drip emails to make sure we’re staying in touch with prospects. We invite them to call, tour and ask questions. We also use automated emails to stay in touch with our residents and secure renewals. We check in throughout their lease. As the end of their lease term nears, we express appreciation for their residency and remind them that we would love it if they continued living with us. Why do you use Yardi? Melise: What I really like about having Yardi as our property management technology provider is that most of the services we need are available in one solution. So we can deal with one company. That helps us simplify things as an organization. What marketing trends are you most excited about? Melise: I’m most excited about artificial intelligence. I think it’s super exciting and am anxious to see what it’s going to do for our industry. For example, Alexa and other digital assistants, what are they going to do for us? Will they be able to host tours, collect rent and submit service requests for our renters? (Editor’s...
5 marketing ideas
From Apartmentalize 2019
Apartmentalize 2019 features famous speakers – including Mindy Kaling and Laila Ali as the 2019 event’s closing address. But only one session had people camped out on the floor: that of the Apartment All Stars, a spirited group of four well-known apartment marketing consultants who shared the fun and creative marketing strategies they’ve recently observed nationwide. Working with a variety of multifamily clients with unique market conditions and challenges, here’s a quick list of fun apartment marketing ideas shared by Lisa Trosien, Toni Blake and Jackie Ramstedt. Kate Good, the fourth All Star, acted as moderator for the event. “This business is full of heart, and our humanity is our greatest amenity,” Blake said. For the crowd of leasing, management and operations professionals, there couldn’t have been a better reinforcement of their work’s value. Here are some creative ways that America’s apartments are attracting new residents in 2019: Pop culture themed marketing events. One community that Trosien worked with hosted a play on the hit HBO show Game of Thrones called “Game of Homes.” A combination of an apartment tour and an escape room challenge, prospects flooded to the property for something unique based on their favorite show. If you made it out of the “escape room,” your reward was a discount on move in fees. A large bump in leads and leases signed was the result of the event. Celebrating the character of your company. Multifamily managers and operators are known for their volunteerism and community-focused nature. Tell your residents! “We need to take the best part of the apartment industry, which is US, and make it a part of our marketing,” Blake said. Unique amenities focused on resident convenience. Trosien’s daughter lives in an East Coast property managed by Yardi client Bozzuto...
Spring Cleaning
Social Media Edition
As is the seasonal custom, spring cleaning is a great way to start summer with a fresh slate. We detail five ways to “spring clean” your social media profiles. Keep reading for easy strategies you can implement now! Refresh your graphics Spring is the perfect time to switch out your cover photos and profile avatars. Have new branding to share? Do you have property themes for the spring or summer? Even if you don’t have a dedicated design team, free graphic design platforms like Canva offer a low-cost way to update your social media channels, presentations, brochures and logos. Update your contact information It sounds basic enough, but updated contact information is an easy way to ensure prospects and customers can connect with you. Contact information checklist: Phone number Email Website Physical location address Display other social media channels Add spring and summer hours When was the last time you updated your hours on your social media accounts? Especially if your property or office features extended hours in the spring or summer, adding hours of operation can help you communicate when people can reach you. Do a quick content audit Conducting a social media audit is a smart way to analyze your current social media marketing efforts. Each social media platform offers analytics on individual post performance. The Insights tab on Facebook and Instagram, and Analytics tab on LinkedIn and Twitter, provide ways to assess your content. Questions to ask: In the past three months, which posts had the highest engagement? Which posts had the lowest engagement? In the past three months, what post types performed best? (example: video, image, link) Are you hitting your social media goals? If not, how can you use this social media data to inform your strategy moving forward?...
Marketing Insights
From AIM 2019
The multifamily marketing industry recently gathered in Huntington Beach, Calif., for the 2019 Apartment Innovation and Marketing (AIM) Conference. The 2019 edition focused on digital marketing best practices and innovative technologies. Keep reading for top insights from the 2019 conference! The ever-expanding Internet of Things A second wave of connected technologies is making its way to multifamily. In fact, according to Terry Jones of tech giants Travelocity, Kayak and Wayblazer, 75 billion smart devices will be connected to the internet of things by 2025. From smart home integration and keyless entry to smart thermostats and high-speed WiFi, AIM sessions focused on the convenience and opportunity afforded by embracing IoT advances. At AIM, Yardi experts also previewed connected technology innovations coming soon to the RENTCafé Suite. “Marketers are going to need to understand technology more to be successful,” shared Ben Burns, vice president of digital strategy at Bozzuto, during a growth-focused question and answer panel. “At the end of the day, we’re providing experiences.” Is your business ready to embrace new technologies and give renters what they want? Attribution, automation and analytics New technologies appear on the market every day. But which ones made the jump from novelty to widespread adoption? The AIM Technology TrendTalk with Esther Bonardi, vice president of marketing at Yardi, explored multifamily technology trends and how smart marketers can use them to improve business outcomes. Meet the speakers: Diana Norbury, Senior Vice President of Operations, Pillar Properties Norbury spoke about utilizing benchmarking and prescriptive analytics to help drive more informed marketing decisions. At AIM, one thing was clear: data is a marketer’s best friend. Prescriptive and predictive analytics can use that data to inform your marketing strategy, improve customer experiences and, ultimately, boost conversions. “Predictive analytics allow our staff to work...
Meet Arun Das
Marketing Genius, Pangea Properties
Say hello to Arun Das, head of marketing and technology at Pangea Properties in Chicago. Arun is featured in Yardi’s new Real Estate Questions Answered series, a fantastic way to find out about how real estate professionals use Yardi software to solve problems in real life. Arun’s role at Pangea means that he’s a fluent in marketing technology. He’s also a genuinely nice person. We recently talked with Arun about the online renter experience, website optimization and conversion rates – and peanut butter! Keep reading to learn a little bit about Arun and how you can apply what he’s learned from his marketing initiatives at Pangea to your own properties. Can you tell us a little more about Pangea? A: Founded in 2008, Pangea Properties is a private real estate investment trust (REIT). We have more than 500 buildings and 12,000 apartment units spread across Chicago, Indianapolis and Baltimore. Pangea’s mission is to provide service, value and care, one resident at a time. We’re also extremely passionate about giving back to the communities in which we operate. What are one or two marketing objectives you’ve been addressing lately? A: Over the past year, we’ve focused on a variety of process enhancements. Specifically, we’ve been working to streamline resident communications and improve our overall application experience for prospective residents. How does Yardi technology help you accomplish your goals? A: Yardi’s full stack software solution allows our RentCafe, RentCafe CRM and Voyager instances to seamlessly communicate with one another. That lets us use robust Yardi resident communication tools without having to transfer information between different software platforms. On the prospect side, the application and screening tools give us the ability to collect custom information, which then provides us a better underwriting process and overall a better application experience for our residents. The seamless online application process also saves our staff a lot of time – we estimate we saved around 150,000 hours over the last year. What would you personally like to achieve in your role at Pangea? A: I would love to continue having a positive impact on the lives of our residents as well as positively representing the communities and neighborhoods we serve. I’m passionate about Pangea Cares, our corporate social responsibility program designed to give back to our Chicago communities. (Watch a video about the impact of Pangea Cares and how it helps the company connect with the community.) Our staff is encouraged to take time to volunteer for Pangea Cares’ community efforts. They might use it to create marketing materials, put together baskets for Thanksgiving deliveries or hand out back-to-school supplies to area kids. So far, we’ve donated around 7,700 volunteer hours, and I’m personally invested in the continued success of this initiative. What marketing trend are you currently most excited about? A: I’m excited about artificial intelligence. There are starting to be services out there that can take over your property tours or your call center or your website. We’re years away from a product that will match our level of service, but things are coming, and I think this could really transform the industry. Tell us something interesting about you that would surprise someone. A: Something interesting about me that would surprise pretty much everyone is that I absolutely hate peanut butter. I think it’s the most disgusting condiment ever, and I catch a lot of flak for it daily. Watch Arun’s real estate questions answered videos and find more answers to real estate technology questions on the Real Estate Questions Answered...
Social Strategies for 2019
Multifamily Social Media Summit
In early January, Yardi returned as an exhibitor and sponsor of the Multifamily Social Media Summit (MFSMS) in Napa, California. The annual event provided a space for multifamily professionals to learn about the latest trends in social media marketing. Keep reading for conference takeaways and ideas to inform your 2019 marketing strategy. The Loyalty Loop Social media marketing has changed dramatically over the past five years. Each year, there seems to be a new platform, hack or algorithm shift to think about. At times, attracting and keeping your audience’s attention can be daunting. Andrew Davis, best-selling author and marketing guru, kicked off the MFSMS with a keynote focused on the new customer journey. The Loyalty Loop, as Davis describes it, “uses the tenants and prospects you have to attract the tenants you want.” Harnessing the power of intentional content marketing and experiential customer care, Davis challenged attendees to rethink the sales funnel. Want to inspire loyalty in your customer base? “You must pledge to be different,” Davis said. Questions to ask yourself: How does your community or company offer a unique experience? What inspires your tenants to talk about the place they live? Are you providing content that is helpful to your audience? “We don’t rent homes, we sell experiences!” says Davis. Making the renter experience great from the start will foster positive, long-lasting relationships with your customers. Beat the Algorithms Multifamily marketers are competing with cluttered social networks and everchanging algorithms. During the session “Staying Ahead of the Social Algorithm,” Dylan Sellberg, Product Manager at HubSpot, discussed the latest algorithm changes. His top tips to beat the algorithm: On Facebook, create and share highly visual content. Using new mediums, such as 3D photos, 360-degree videos and Facebook Live, are incentivized by Facebook, so being an early adopter is a smart move. Instagram highlights your property’s uniqueness in a highly visual format. Investing in quality photography will benefit your brand. Consider hiring a professional or purchasing equipment to create high-quality photos. Not only do high-quality photos and video perform better, but they also provide a glimpse of the experiences offered at your community. Video is Here to Stay “Video is the fastest growing medium in the digital landscape,” shared Jamie Gorski, Chief Marketing Officer at Bozzuto. According to data, 80% of global internet traffic will be attributed to video by 2020. Gorski, together with Elyse Cosgrove, Founder of Elysees Eye Productions, explored video trends during the session “Video Marketing in 2019: What Should Be Your Focus?” CEO features, customer stories and behind-the-scenes videos were the most engaging videos of last year. As we get into 2019, they recommended embracing new delivery methods. New mediums, like 360-degree videos, augmented reality and virtual reality, can help your brand stand out from the competition. “Use it now and you’ll be ahead of the game,” said Gorski. How will you use social media in your 2019 marketing strategy? Learn how Yardi can take your social media marketing to the next level this...
7 Must-Have Apps
For Real Estate Pros
There are thousands of apps that claim to make your job easier. Since it is impossible to try them all, we’ve narrowed down the options for you! These seven apps complement the social media, communication, and content creation features on Yardi’s RentCafe suite. Social Media Instagram is one of the fastest growing social media platforms in the US. Once you get the basics of creating a post, these apps can take your social media strategy to the next level. When users visit your Instagram profile, they can see multiple posts at once in a grid layout. Polish your profile with Planoly, a visual planner that allows you to create the most beautiful and impactful grid. You can also benefit from the app’s engagement data for each post. Instagram Stories is woefully awkward. Creating informative and engaging 15-second clips on your smartphone requires a lot of choppy starting and stopping. Fortunately, CutStory for Instagram does the work for you. Create a single, full-length video and CutStory will divide it up for you. This is a great tool for repurposing your YouTube and Facebook videos. Communication Video calls are an excellent way to conduct personalized property tours and meetings with remote clients. Google Duo is a versatile app for video calls that works for Android and iOS devices. You can even use it over WiFi, minimizing data usage. Content Creation Create professional-looking images with Afterlight 2. This free photo editing app features text, filters, and enhancement tools for eye-catching images. It offers comparable quality to subscription apps and can be used on iOs, Android, and Windows devices. As a blogger, I know how difficult it is to get people to stop and read! Infographics are a hot way to share information in easy-to-consume snippets, enhanced with...
Word of Mouth Isn’t Dead...
Benefits for Businesses
Word of mouth marketing (WOMM) is an old hat that has learned new tricks. Nielsen reports that 92 percent of consumers believe recommendations from friends and family over all forms of advertising. A study by The American Marketing Association adds that 64 percent of marketing executives believe that word of mouth is the most effective form of marketing. So why have only six percent of marketers mastered the new potential WOMM? WOMM with Purpose Jay Baer’s latest book, “Talk Triggers,” explores how businesses can capitalize on WOMM. His first tip is to strategize. Too often, businesses rely on happenstance, like tripping on a rock and noticing that it’s a chunk of gold. But by intentionally creating word of mouth opportunities, you get people to talk on purpose and control the message. Next, Baer recommends repeatable strategies. One-hit-wonders don’t build a brand. What can you do, and continue to do, to keep customers talking? Doubletree’s free cookie program is a prime example of intentional, repeatable WOMM. Every check-in and free cookie is a WOMM opportunity. More than 25 years later, the free cookies still generate buzz. Learn from Sprint’s Mistake Lastly, Baer encourages businesses to be unique. Sprint demonstrates how sameness backfires. Sprint hired actor Paul Marcarelli, formerly of the Verizon “Can you hear me now?” campaign. Verizon’s campaign, which lasted for nearly a decade, was a huge success. Sprint’s attempt at piggy backing on that success only sort of worked. Sprint spokesperson David Tovar told the New York Times that the new commercial was viewed 14 million times on YouTube. Nearly 1,000 articles (including this one) mention Marcarelli’s brand switch. Sprint’s Marcarelli stunt stimulated more than 3 billion impressions but the conversation wasn’t exactly good. Few consumers talked about Sprint’s improved network. People wanted...
Snapchat for Student Housing
Attract new residents
Of the top five most popular social media apps, Snapchat is the most cryptic to navigate and has the shortest content lifespan. Those are two reasons why young adults love Snapchat, and your student housing community can benefit from loving it, too. So Snapchat…Who Cares? Snapchat doesn’t offer traditional menus for navigation. It’s all about exploration and being in-the-know. The small nuggets of content posted by users can disappear in a fewer than 24 hours. If your student housing brand uses Snapchat, you’re demonstrating that you are relevant, timely, and engaging. Your prowess can place you in front of the eyes of more than 130 million students. About 77 percent of college students use Snapchat and they use it often. Nearly 80 percent of users log in into Snapchat daily. On average, they send 34 snaps each day. With your content in the midst of the action, you can make major impressions. How to Use Snapchat for Student Housing The content in Snapchat has a very short lifespan. As such, your posted content may have a quick expiration date. Use snaps to explore limited-time offers at your property. Maybe you take Snapchatters on a tour of an available unit. Perhaps you use the platform to market a move-in promotion. Snapchat provides an opportunity to highlight content with a short shelf life. Snaps are also great for “setting the scene,” depicting what it’s like to live in your neighborhood. Create short videos and pictures of daily life in the community. Excerpts of a resident pool party show the potential for fun and new friends. Residents enjoying sunset on the rooftop deck show to opportunities to relax amidst a hectic class schedule. Take residents behind the scenes of your community through Snaps. Such snaps can be an interesting way to showcase updates at the community that benefit residents. Think of big ticket items like pool deck upgrades as well as small things like seasonal flower installations. Spice it up with a quick Q&A with the crew. Residents may like getting to know people they may see in their community. Community events are perfect Snapchat fodder, especially when you have high attendance. Take advantage of the “crowd surf” feature, which stitches together multiple snaps recorded by users to create one continuous video at events. Let Users Find You Unlike a Facebook business page, your Snapchat profile provides minimal information about your student housing community. In order for prospects to find you, be sure to use geofilters on some of your posts. This creates a way for viewers to identify your location. When residents see your geofilter, they may be encouraged to use it as well. Geotags quickly and easily broaden your marketing reach. Learn more about smart managing and marketing of your community with the Yardi Student Housing...
Increasing Conversions...
Landing Pages Part II
In last week’s post, we answered your basic questions about landing pages: What is a landing page? Why is it powerful? What should it include? But landing pages are tricky tools. What they should exclude is just as important as what they should include. When landing pages include undesirable features, your conversion rate suffers. That means that you sabotage your return on investment, paying more for less. The pointers below will help you craft a landing page that fulfills its potential. What should my landing page exclude? Landing pages aren’t like other pages on your website. More information and options is not better! The features below decrease the likelihood of conversion. Exclude them from your landing pages. Navigation links The menu on your website or any other navigation links should be hidden from view. Remember, prospects reach your landing page through an ad with a specific purpose. Presenting other options will be confusing at best. At worst, the links will navigate them away from your offer. Multiple calls-to-action (CTA) If a prospect clicked your ad for a studio apartment deal, there should be a single CTA for studio apartments. Other CTAs or even social media links are a distraction, resulting in a lower conversion rate. Presenting multiple CTAs on a landing page activates Hick’s law. Increasing the number of options increases the time needed to make a decision. That extra effort and time decreases the likelihood of a successful conversion. If you’d like to offer multiple deals, create multiple landing pages for each one. There is no such thing as too many landing pages! Each page offers a tailored user experience. Long-winded copy When it comes to copy, or text, stick to details about the benefits of your offer. Prospects have short attention spans....
Increase Conversions
Master the Landing Page
If your pay-per-click (PPC) campaign leads prospects to your home page, you’re missing out on conversions. Creating a landing page for your paid ads is a proven way to increase your conversion rate. What is a landing page? A landing page is not built into your website through the navigation menu. It is a stand-alone page that prospects land on after clicking your paid ad. The sole purpose of a landing page is to get your prospects to take action. The landing page should provide a quick summary of what you have to offer. It should then direct the prospect on how to take advantage of the offer (the conversion). That’s it. Why are landing pages so powerful? Organizations that use landing pages experience more conversions. Research reveals that more landing pages lead to more conversions. Paid ads placed in internet searches, emails, or social media campaigns should guide prospects to a landing page. In fact, landing pages help ads achieve a greater return on investment. They also improve your site’s quality score. Without a landing page, your cost per lead rises and your conversion rate lowers. You’ll pay more for less business! What should my landing page include? Keep your landing page informative yet simple. Landing page essentials include: Your logo Quickly reestablish your brand with by placing your logo near the top of the landing page. A captivating headline A solid headline does two things. First, it confirms that prospects have arrived to the correct page after clicking your ad. You can achieve this by using the same language in the headline as you did in the ad. Secondly, the headline entices the prospects to read more and take action. Copy and media that mimics the language of the ad Your copy...
5 Easy Tips
For Better Property Photos
Commercial property photos are notoriously unimaginative. Prospects have grown accustomed to mundane shots of empty spaces. But what if you offered something more interesting? Your property will gain the competitive advantage. Below are five tips for better commercial property photography that will help you stand apart from the crowd. Show Interactions, Not Spaces All commercial spaces have a ceiling, walls, and a floor. Skip the boring space photos. Instead, showcase interactions and operations within the space. Here are a few examples: Accentuate the room’s natural light by depicting an employee as she waters thriving, indoor plants near large windows Capture a team effortlessly unloading packages on the spacious and updated loading dock Emphasize your rapid WiFi availability with teams working simultaneously on their laptops and mobile devices Highlight your services by showing a vendor removing a recycling bin from the site Stage Like Sales Depend on It! As you’ve gathered by now, staging a commercial space may require models and supplies. It could be worthwhile to invest in office furniture so that you can stage spaces now and in the future. Otherwise, you can find models, photographers, and props on sites like MuseCube, Model Mayhem, and OneSource Talent. Commercial tenants want to see the potential of the space that you offer. If live staging is cost prohibitive, consider virtual staging. Virtual “renovations” are a great way to show potential uses for the space. Showcase Versatility Think beyond expected uses of the unit. Consider creative approaches for the space, such as coworking and CrossFit. By thinking outside of the box, you may attract a prospect that had not previously considered your site. Location, Location, Location Your property’s neighborhood may be a noteworthy part of your marketing efforts. Are there restaurants nearby that tenants may enjoy...
Purpose-Driven Marketing...
For senior living
Does your company have a purpose? It might seem like a trick question, but it’s not. The concept of purpose has seeped into brand-building conversations thanks in large part to Jonathan Mildenhall, one of the world’s most influential CMOs, who claims his success at super brands like Coca-Cola and Airbnb are a result of the power of purpose. In this post, we’ll examine what purpose-driven marketing is and how it can help differentiate and propel your senior living brand. What is purpose-driven marketing—and how does it relate to senior living? Purpose-driven marketing is, as Mildenhall describes it, “a compelling brand purpose that transcends the business model and reaches into culture.” It’s looking beyond day-to-day transactions and committing your business, publicly, to a broader social mission. In the senior living industry, most companies are not operating on a global scale. They’re serving communities, and they thrive only when they create bonds with residents and locals. For this reason, operating with purpose is a competitive necessity. Purpose drives performance The concept of creating a purpose for your business can seem like marketing fluff, but purpose-driven companies outperform competitors financially, creating much more shareholder value. They also attract and retain top talent more effectively, a struggle for many senior living operators. Building a philosophy—one employees can articulate in just a couple of sentences—is even more important in today’s climate, where Millennials, who value socially-responsible brands, comprise the largest segment of America’s workforce. Let creativity and humanity be your guide In order to effectively bring about change and find your company’s purpose, look at things creatively. “Bring your eight-year-old self to work,” says Mildenhall. “Geek out like it’s your first time playing Legos.” Seeing things as a child would breeds curiosity. It allows you to view things with...
Get More Leads
Maximize Content Life
Many content creators are only getting one use out of blog posts. You are missing out on countless opportunities to get noticed by potential renters! Get more from your blog with repurposed content. What Is Repurposed Content? When you repurpose content, you’re finding different ways to tell the same story. Each new way that you tell your story may appeal to a different group of people. For example, when you create a blog post, you tell the story to readers. You can tell that same story to visual learners using video on YouTube or pictures on Instagram. By appealing to different types of learners (or different types of entertainment) you reach a greater audience. A broader audience increases your prospect pool and your potential for leads. Below are a few ways that you can repurpose your blog content to reach new groups of prospects. Master Infographics Infographics are a great way to combine facts from your blog text with visual media. Infographics can be consumed anytime, anywhere because they are not hampered by audio access, buffering speeds, and data availability. Many content creators love infographics because they don’t require photography, video, or illustration skills. Many programs allow you to drag-and-drop into templates to create fantastic infographics. Try making your own free infographics using Venngage or Picktochart. Curate an Instagram Slideshow For a short blog post, you may only have one image. You can use that image to create an Instagram post, including a teaser excerpt for your blog post. (Unless you’re paying Instagram for clickable links within captions, be sure to put the link for your blog post in your bio.) For multiple images on a blog post, create a slide show. Rather than several posts on the same topic, a slideshow allows you...
Easy Virtual Leasing
6 Tips for Success
There are several reasons why a client may not be able to tour the property in person. Our increasingly mobile and digital industry makes remote tours an excellent alternative, yet it also requires that agents are ready to sell to a client, sight unseen. The six tips below can make selling to remote clients easier and faster than ever. Master the Basics By now, you know that your website must have a virtual tour—or virtual reality tour—along with detailed a floor plan and a description of the condo. Make sure that all information is up-to-date. Even minor changes to appliances or fixtures may matter to a remote client. If any of those essential features are missing, get the tools you need for a better website. Request Client’s Must-Haves In Writing Let’s face it: you’re busy. A written list of your client’s must-haves, desires, and deal breakers is a cheat sheet for you. But most importantly, having a concrete list means that the remote buyer has a clear understanding of what he wants. This list will expedite the condo hunting process, especially if he can choose between several similar unit styles. FaceTime, Skype, or Zoom Tours with Clients The virtual tour on your website is the first step. A live video tour, however, gives the client greater control over what they see and how they see it. It’s like he gets to walk through the home himself. That greater control over the details will help the client feel more comfortable with the unit and ready to seal the deal. Send Listings with All the Local Details If your client has already said the school system, crime rate, or walkability score are important to her, why not email those details with the listings? Presenting a complete...
Boost Leases
7 Savvy Email Marketing Ideas
Emails can be valuable tools that convert prospects and build loyalty with existing residents. Below are seven emails that every leasing agent should send. Emails for prospects Prospects want to feel courted. They also expect information that anticipates their questions and interests. These three emails hit the spot, helping to forge the relationship between leasing agents and prospects. Automated (Yet Personalized) Introduction Email This important communication serves three purposes. It satisfies prospects’ expectation to receive prompt responses. Secondly, it lets prospects know that you received their inquiry or that you recall your encounter with them. Lastly, it gives them a way to contact you simply by responding to an email. Availability Updates Let your newly available units shine with a showcase email. Be sure to include high quality images and descriptions with plenty of personality. End each listing with a call to action such as “Schedule a Tour” or an option to see similar units. Just Leased Updates Remind your prospects that your property is a desirable place to live and that units are going fast! Consider including the number of days the unit was on the market, particularly if it’s less than three. This is a great incentive for prospects who are on the fence. Emails for residents Renewing a lease costs less than turning a unit, so use emails to build resident loyalty! These three emails reinforce the residents’ bond and promote higher occupancy. Property Newsletter Inform your residents of exciting value-add events for families and perks for pet owners. Such events keep your residents engaged in the community, which increases perceived value. The newsletter is also a fantastic way to notify residents of upcoming maintenance and upgrades to the property. Show your residents that you’re proactively invested in the quality of...
AIM Insights
2018 Marketing Conference
Multifamily marketers gathered in Huntington Beach, California, for the 2018 Apartment Internet Marketing (AIM) Conference on May 6-9. This year’s event focused on the latest digital marketing trends and technologies. “Marketing executives are increasingly called on to shape the resident experience and manage the pace of innovation,” shared Steve Lefkovits, executive producer of AIM. “We’re delighted to have Yardi and RentCafe as partners in educating the industry about the future.” Some conference highlights for multifamily marketers: Customer Experience Matters Customer experience is the new marketing. At the AIM keynote, Charlene Li, principal analyst at Altimeter and co-author of Groundswell, challenged marketers to examine relationships and experiences. “If you’re not focusing on the customer experience, you’re working on the wrong things,” emphasized Li. Why does customer experience matter? Because the data says so! According to resident satisfaction data from J Turner Research, Q1 2018 apartment reviews grew by 78% as compared to Q1 2017. The average number of reviews per property has grown 20% since Q1 2017, averaging more than 86 reviews per property. The study found a strong correlation between online reputation and resident satisfaction. Resident experience matters, and it influences renter and prospect purchasing behavior. In a session on customer engagement and loyalty, Joseph Batdorf, president of J Turner Research, stressed, “Resident satisfaction matters. Making sure they’re happy affects their willingness to renew a lease.” Customer Engagement Also Matters To create a better customer experience, you need to engage your customer from the get-go and keep them engaged throughout their time with you. Where can you innovate your customer engagement strategy? Create a well-rounded engagement strategy. Implementing a multi-source lead attribution model can help marketers more accurately assign value to each touchpoint in the buyer journey. Market to common values to bolster your engagement. Sticking to common...
Increase Leads
With RentCafe REACH
Search Engine Optimization (SEO) and Search Engine Marketing (SEM) are mighty tools to increase leads and conversions for your properties. Odds are, you’re already too busy to master those tools. Below are three quick tips to make SEO and SEM work for you. 3 Quick Tips for Increasing Leads Don’t underestimate the power of SEO. Getting quality traffic to your website is tough. It’s even harder to convert that traffic into leads. SEO helps the right renters find your property through organic (non-paid) search inquiries. In order for this to happen, search engines need to understand who you are, what you have to offer and the content of your website. That doesn’t happen through chance. Detailed strategies ensure that your website ranks high on organic search results with the right audience. Are your strategies bringing the desired results? Don’t go in alone. Not sure how to make SEO work for you? There is no need to reinvent the wheel. The experts at RentCafe Reach specialize in driving high quality traffic to your website. Catriona Orosco, manager of RENTCafé Reach at Yardi explains: “RENTCafé SEO account managers have the expertise and knowledge to help your website reach more qualified prospects. Our role requires us to stay up-to-date with changes made at Google. We work as a team to stay educated and aware of what’s important in gaining a competitive advantage in search results.” RentCafe Reach account managers are also experts when it comes to RentCafe marketing features. They can help you identify and test features to improve prospect engagement and lead conversion rates. “Often, people’s assumptions about what’s important are outdated,” says Orosco. “In addition to the initial optimization efforts and content creation, we’re checking website health on a routine basis, addressing issues and updating...
Blogging 101: Pt 5
Sharing Your Content
On our previous post, there were a few loose ends to tie before hitting publish on your blog post. Once those important details are complete, you are ready to share your content with the world via social media! Why Use Social Media to Share Content? Without social media marketing and SEM services, the only way a person will find your content is by going directly to your website. Before you worked in the industry, how often did you visit an apartment’s blog? Precisely. By sharing the posts on social media, your content reaches more readers. Your social media followers will see the post appear on their news feeds. Social sharing draws attention to the blog post. Their engagement—likes, comments, and shares—will broaden the posts’ reach to their friends. Your efforts will be magnified even more when the platform’s algorithm robots pick up on users’ engagement. The platform may choose to share your content with an even broader audience. With more attention on your blog, you’re bringing more attention to your property! Social media marketing is easy, free marketing. Pick 2-3 Social Media Platforms Where should you share content? Select a few social media platforms that suit your brand. The prominent demographic of your community will determine which platforms are best for you. For example, Facebook is common for most organizations due to its broad user base–1 billion active users– and customizable features. Additionally, properties with young professionals may benefit from an Instagram account, whose 600 million users are mostly young adults ages 18-29. If you have a student property with an even younger demographic, 18-24 years of age, Snapchat may also be a beneficial platform to explore. Once you’ve honed-in on your platforms, learn the native marketing language for each. This allows you to...
Blogging 101: Part 4
3 To-Dos Before Publishing
Once you add great media to your blog post, you’re almost ready to hit publish! There are three tidbits that will help readers find your blog post and bring greater return on your investment. Add Categories and Tags Categories and tags are primarily used to organize your content and make it easier for readers to find what they’re looking for. These keywords are also used to help search engines identify what your content is about. This makes it easier for your blog post to appear appropriately in search queries. Let’s continue with the nursery safety blog example from our previous posts. In that instance, category may be “apartment safety” and tags may include “childproofing your apartment,” “baby proofing your apartment” or “nursery.” SEO Plugin If you are working on a blogging platform that permits plugins like WordPress, an SEO plugin may be a worthwhile investment. It goes beyond the functionalities of Categories and Tags to help search engines “crawl” through your content. (That’s a nerd term for quickly scanning the content to identify its purpose and help it appear appropriately during internet searches.) The SEO plugin may ask you to identify keywords. Long-tail keywords are best here. “How to create a safe nursery” will be more beneficial than just “nursery,” for example. The plugin may also request a description. This is a brief summary of your blog post that may appear as an excerpt under your link and blog post title in a query listing. Keep the description to 2-3 sentences. Social Media Plugin Depending on the flexibility of your platform, you may also be able to add a social media plugin. The best of these plugins allow you to create custom posts for social media. You can add hashtags and use the format...
Blogging 101: Part 3
Creating Great Images
Once you’ve chosen a blogging platform and written content, the next step in creating an engaging blog post is to include great media. Media includes visuals such as photographs, infographics, illustrations, and videos. For today’s post, we will focus on photography. Most modern smartphones are adequate to take a great image for blog posts and social media use. (If a staff member is competent with a DSLR camera and lighting tools, even better!) The tips below will give your images a professional touch. Select a Subject The subject of your blog post image will be influenced by the content of your post. Let’s say that you were writing about nursery safety as proposed in our prior post. Perhaps you choose to take a photograph of the nursery in your model unit. This subject is ideal because it’s relevant to the topic. Secondly, it’s a great choice because it is a custom photo taken on your property rather than a stock photo. Such an image showcases your product and what you have to offer residents and prospects. Identify Location and Lighting The best location for your image necessitates excellent lighting. It doesn’t matter how cool the location is if the lighting makes your image look murky or blurry. Indirect natural light is best. Directly natural light (i.e. sunshine at noon) can cast harsh shadows on your subject, especially faces. When shooting an image indoors, also pay attention to the way that the lighting casts shadows on your subject. In addition to great lighting, minimal background clutter is another key to a great location. Trash cans, signs, and unkempt landscaping can distract viewers from the subject. Includes Life Forms—Always! When it comes to your property blog, pictures with living creatures—humans, pets, or wildlife—are always more interesting...
Blogging 101: Part 2
Creating Your Content
In our previous post, we compared popular blogging platforms WordPress, Wix, and Blogger. After choosing a platform and theme, then it’s time to start writing! Create a Content Calendar Planning pays off. When you take a moment to create a content calendar, you won’t miss timely events or feel the pressure to brainstorm hours before a due date. You will already have a list of topics on hand. Prioritize timely content related to seasons, holidays, and events. For example, it makes the most sense to publish a post on pool safety right before your pool opens in the late spring. Use the blog to promote timely events weeks in advance rather than waiting until the last minute. Identify Your Audience Your topic should be of interest to your residents. Consider the broadest demographic at your property as the audience for most of your post. You may occasionally choose to write for niche groups. Once you identify your audience, consider its needs and interests. Blog post content can stem from renters’ frequently asked questions, updates on the property, apartment lifestyle, local events and more. The possibilities are endless! Choose a Blog Topic The best apartment blog posts are those that will add value to the renter experience. Let’s say you check your content calendar and see that you’re due for a post on taxes. The topic applies to most of your audience since everyone pays taxes, right? You consider writing the post on local tax filing services. How can you make the list of businesses more valuable to residents? Perhaps you contact the businesses and request a discount for your residents in exchange for the business referral. Such a post could build loyalty. It promotes the benefits of living at your property and living in...