You hear it all the time: to improve your organic ranking with Google, you need frequent, fresh content for your website. Blogging is a common best practice for keeping new content on your site while connecting with your residents. But how do you start a great blog? First, you need to select your blogging platform. There are several options available, varying in price points and features to fit your needs. WordPress WordPress has been the leader in the blog industry for years. It’s the most popular choice because it allows for the most flexibility. There are about 10,000 supported themes for WordPress and each one offers a degree of customization. That means that your blog can compliment your brand and stand apart from the crowd. With nearly 30,000 available plugins and hundreds of widgets, you can enhance your site in a multitude of ways. User-facing add-ons permit event calendars, image galleries, social media streams, merchandise sales, and all sorts of interactive goodies. There are also more technical plugins that impact the functionality of your site. While there are a lot of options, WordPress doesn’t need to be overwhelming. WordPress is as simple or as complex as you want it to be. Pick a theme. Write a post. Publish. Done. You can choose from WordPress.com or the self-hosted, open source WordPress.org. The latter allows greater customization and control while the former is a simple starting point for beginners. Wix Wix is the new kid on the block that has tons of personality and a growing fan base. This simple platform makes it easy for newbies to get started. Choose from a dozen, predetermined templates with a simple drag-and-drop user interface. These fresh themes give your site a clean, modern look that’s popular with top name...
RentCafe + AIM
New Conference Title Sponsor
Yardi has entered an exclusive three-year agreement securing RentCafe as the title sponsor of the Apartment Internet Marketing Conference (AIM). “We are excited to announce our partnership with AIM. We believe this is a great opportunity for us, for AIM and for the attendees because ultimately, we are all laser-focused on innovative digital marketing,” said Esther Bonardi, vice president of marketing at Yardi. A Powerful Partnership AIM is the only industry event focused exclusively on educating multifamily executives on advances in internet marketing, advertising and branding. Executives gain insights into web technology and applications, mobile platforms, lead tracking and in-home technology as well as resident retention and communication techniques. RentCafe, a leading multifamily marketing solution, unites marketing and leasing functionalities in a single, easy-to-use platform. Prospects, residents and staff benefit from its intuitive interface and groundbreaking features. “Marketing executives are increasingly called on to shape the resident experience and manage the pace of innovation. That starts with initial impressions of a community, and flows through to communications, social media, service and amenities,” shared Steve Lefkovits, executive producer of AIM. “We’re delighted to have Yardi and RentCafe as partners in educating the industry about the future.” “RentCafe has seen tremendous growth by adding innovative marketing features for the multifamily industry. Through this partnership, we can support the key foundations of the conference, providing exactly the kind of cutting-edge solutions that attendees have come to expect from AIM,” said Bonardi. What to Expect at AIM This year, keynote speaker Malcolm Frank will explore the topic of marketing automation with “What to Do When Machines Do Everything.” Automation is a key area of opportunity for organizations seeking to achieve greater efficiency and customer engagement. Frank will offer strategic guidance and actionable steps to help AIM attendees and their organizations excel in the...
Holli Beckman
On Multi-Source Lead Attribution
Property marketers use lead attribution to determine where leads are coming from so they know what is working, what isn’t and where to spend their marketing dollars most effectively. But single source lead attribution models only credit the first or last source with the lease. “We know that 50% of renters visit five or more websites before they even set foot inside your leasing office. But we only give one source credit for the lease?” says Holli Beckman, vice president of marketing and leasing operations at WC Smith. “If 100% of attribution is going to the first touch, then you are indicating that none of the other sources have any value.” So how do we fix it? How do we more accurately assign value to all the touchpoints that prospects interact with on their buyer journey? The answer is multi-source lead attribution. It’s a relatively new model in multifamily, and it’s a topic Beckman is passionate about (check out her article “Why the Multifamily Industry Is Missing the Boat on Multi-Source Lead Attribution”). So is the development team at Yardi. We’re constantly evolving RentCafe CRM to accommodate new data points and provide deeper insight into prospect activities and marketing sources. That’s why we invited Beckman to join us at the Yardi Marketing Forum in Beverly Hills this week to share her insights as we preview new lead attribution tools designed to increase accuracy and ROI for property marketers. Before the forum, we had a chance to catch up with Beckman and ask her a few questions related to her session and trends she is seeing right now. What limits property marketers’ ability to deliver leads? Beckman: A true understanding of customer behavior. For so long we’ve only reported on one step of the customer...
10 Ways to Win
Resident Appreciation Week
Your residents are the lifelines of your community. Where would you be without them? It’s essential to build resident loyalty by showing that their presence is valuable. Organizing a Resident Appreciation Week is an excellent place to start! Below are 10 ideas to help you win Resident Appreciation Week: Pet Photo Contest Cutest pet photo contests are a great way to get pet owners involved in social media—and receive free marketing! Have participants follow your chosen social media account. To enter, they must tag you in their pet photo and give you permission to share the image. Your social media handle circulates, you gain more followers, and residents get goodies. Win-win. Binge Night Host a movie marathon or binge watch a season of television series. Keep it fun and lighthearted with entertainment like Fast and the Furious, Star Wars, or Friends. You may want to skip out on This is Us unless you want everyone to go home in tears. Team Spirit Night Shuttle residents to the local high school to support student activities. Proceed the event with a family-friendly pregame party. Game (or Gaming) Night Board games, card games, and multi-player video games are a great way to get residents to interact. Don’t forget the snacks and plenty of napkins. #shoplocal Bar Crawl Provide a shuttle to take residents to locally-owned bars and breweries. If possible, negotiate with shop owners to provide discounts for residents. The shop gains new loyal customers and you earn points towards resident loyalty. Another win-win! Themed Costume Party Pick a decade, movie, or another creative theme for your party night. Prizes for best-dressed (maybe even rent discounts) are a good incentive for greater participation. Raffle A raffle is an easy way to let everyone participate regardless of his...
UK Perspective
Better build-to-rent marketing
The UK’s build-to-rent sector is booming. In less than a decade, the sector has grown by around 60% and is now worth some £1.5trn. This comes as no surprise. We all have, at some point in our lives, been looking for a place to live, whether it is a house or a flat, and build-to-rent is an alleviation in the midst of the UK’s housing crisis. The internet has made home searching extremely easy and the advent of the so-called ‘generation rent’ has seen millions of people turning to renting as their model of choice. The old days of pen and paper, endless phone calls and long rides in your car to view properties are long gone and the search is now almost entirely conducted on the web. Just as shopping no longer means showing up in a store, home searching has become essentially digital. But even so, the process might be extremely slow. Imagine you are on your lunch break, looking for an apartment on your laptop or smartphone. You are clicking on dozens of different sites, scrolling through pages and pages of dubious websites. Maybe the information provided on the website is incomplete. It lacks floorplans and energy ratings. There are no reviews or pictures. How can you trust this website instead of another one? Is the apartment going to be as good as it is presented? Are you just going to waste your time? Hunting for an apartment can be a very frustrating experience indeed. Turning to the other side, and looking at the situation from a landlord’s perspective, it is increasingly hard to catch a home-hunter’s attention. Due to the same chaotic web scenario, this challenge is now tougher than ever. How can a landlord make a prospective resident discover...
RentCafe Adoption
Tremendous Growth
Yardi’s powerful multifamily marketing and leasing platform, RentCafe, achieved double-digit year-over-year gains in 2017. The robust tool has also expanded to five markets. RentCafe helps multifamily professionals attract prospects, convert leads and retain residents via dynamic property websites, advanced SEO and SEM capabilities and convenient resident portals. Continued Growth “RentCafe demonstrated measurable success in 2017, reaching over 4.7 million licensed units,” said Patrick Lawler, director of RentCafe product development at Yardi. “One of the very exciting patterns we saw last year is the increase of online lease execution. The interest in electronic signatures continues to grow and we anticipate this to be widely-adopted in 2018,” added Lawler. RentCafe experienced the following gains: Platform adoption increased 34%, resulting in 4.7 million units Online leasing rose by 54%, creating over 4.2 million leads Online work orders expanded by 45%, generating over 4.8 million work orders eSignature adoption grew by 310%, exceeding 2.2 million eSignatures Online payments grew by 51%, totaling more than $18 billion “Yardi never stops innovating. It always raises the bar,” said Belinda Torres, corporate marketing director at Continental Realty Corporation. She has noted firsthand how RentCafe improves SEO, significantly increasing leads through nudge marketing for the company. Other RentCafe users include industry leaders such as Pinnacle, Continental Realty Corporation, The Bozzuto Group, and Monarch Investment and Management Group. Recent client highlights include a 34 percent lead conversion rate and a 20 percent increase in time spent online as a result of RentCafe. “Our clients’ successes are proof of our ability to respond quickly to industry trends and client demands for new features,” said Lawler. New Markets In addition to the flagship RentCafe product developed for apartment homes, the platform has expanded services into other markets. Users can now implement RentCafe’s powerful features for self-storage, affordable, student, senior and military properties. RentCafe is part of the Yardi...
Marketing Automation
Simple, Efficient, Smart
To stay competitive, your properties and services must remain in the forefront of the digital marketplace. From a prospect’s search to a resident’s lease renewal, marketing automation can help you exceed renters’ expectations. Marketing automation streamlines repetitive tasks, follows user behavior and delivers targeted content. Such content ushers customers into your leasing pipeline and then helps you keep them as loyal residents. Watch a quick video about marketing automation. In a recent post, we interviewed Esther Bonardi, vice president of marketing at Yardi. She explains the long-term benefits of automated marketing. “Attracting a new resident costs up to five times more than retaining an existing one,” explained Bonardi. “With automation tools designed to check in with residents, conduct surveys, provide contact support and offer timed renewal savings, both your retention rates and your bottom line will improve… automatically!” Learn to automate your marketing for an improved leads-to-leases experience! Below are just a few proven strategies for marketing automation. Nudge Marketing Nudge marketing is a website-based tool that tracks visitor behavior. You can use the tool to deliver targeted content to website visitors based on their actions. You can share a promotion with first-time visitors or prompt visitors to schedule an appointment after viewing floor plans. You control the content and the corresponding user behavior. Intelligent Text Response Text is the latest and greatest in rapid communication for businesses. Provide prospects with customized, automated responses that answer their questions without consuming leasing agents’ time. If a prospect wants to know more about outdoor living space, your automated response can give the square footage of the property’s decks. You can also use the service to send a link to available units. Timed Lease Renewals Increase resident retention and improve forecasted revenue with automated lease renewals. Send...
Multifamily Social Summit
Do Good + Build Brand Trust
As a firm believer in the value of social media for real estate businesses, Yardi returns to the Multifamily Social Media Summit in Napa this year as a key sponsor and content partner. The conference is the industry’s only event targeted for property management firms with a focus on leveraging social media and content marketing to retain and attract new residents. The event will be held at the Meritage Resort and Spa from January 31-February 2, 2018, and sessions will include a mix of business and technical topics that focus on social media implementation, measurement and return on investment. Communication That Builds Trust By now it’s no secret that if you want to be relevant, you need a social media presence — and to establish a meaningful one, you need to become a storyteller utilizing all communication channels available. Yardi is broadening its participation this year with a workshop entitled “Do Good on Social: Building Brand Trust,” about the importance of communicating corporate social responsibility initiatives and values via social media, and showing commitment to the communities you serve. Connecting with your customers on a human level can help strengthen business relationships. Your customers are no doubt immersed in social media channels for almost everything they engage in every day, from personal relationships and peer networking to business and transactional activities. Learning from social media experts outside of the real estate sector at the Summit is a unique opportunity that delivers value through practical advice that attendees can take with them. Esther Bonardi, vice president of marketing at Yardi, comments, “We consistently support this conference because we hear from accomplished social media and digital marketing practitioners from outside the apartment industry, and attendees gain actionable takeaways they can implement when they return to the office.” Expert Insights and Strategies For real estate businesses as for companies in any industry, true digital disruptors succeed by effectively using new communication technologies — and that requires insight and planning. This year’s keynote speakers will cover how to keep up with today’s consumer and what social media strategies deliver the best results. Featured speakers are James McQuivey, Vice President and Principal Analyst at Forrester, and Beverly Jackson, Vice President, Social Media and Content Strategy at MGM Resorts International. Other speakers on the agenda will cover hot topics from using Snapchat to creating video ads and mastering social media storytelling, and represent companies including HubSpot, Conversion Science, Flint Analytics, Merrick Towle Communications, Crescenzo Communications, Northstar Travel Group, and Golin NY. Get additional information on the Multifamily Social Media Summit. Learn more about Yardi’s social media and marketing tools for multifamily real...
Get Ready for ’18...
9 Marketing Tips
The winter months signal a slow down throughout the multifamily industry. For marketers and site staff, however, the slow season is a great opportunity to get ahead for the spring. Below are 9 tips for a productive winter that will jumpstart your spring. Marketing Refresh Collaborate with sales and operations. The slow season is the perfect time for marketers to strategize with other departments. Assure that your spring goals have the budget to support them. Share insights that you’ve received from residents’ surveys, prospect feedback, and other sources that may influence changes at the properties. Now is the time to mention any needed site updates or value-add software for residents and staff. Maintain your online presence. All leases come to an end. When they do, you want to be on the forefront of prospects’ minds. Even if you dial back on spend, maintain a strong presence on your highest quality lead sources. Yardi RentCafe makes it easy to manage your marketing spend while optimizing your exposure. Get a head start on your spring campaigns. The early bird gets the worm, so don’t wait until the snow melts to plan your local campaigns. Use the quiet times in the office to brainstorm new ideas. Create a content calendar for the blog and social media. Impromptu posting is a great way to take advantage of relevant, timely material. Content calendars, however, ensure that you always have a plan for keeping your social media up-to-date. RENTCafé makes it easy to create and schedule posts to your blog and social media platforms. Resident Retention Build loyalty with residents. With fewer prospects consuming your time, take this opportunity to pamper your existing residents and build loyalty. Issue resident surveys to understand what residents love about your property—and what can...
YMF Baltimore
3 Marketing Themes for 2018
A savvy group of marketers joined us for learning, networking and fun at the bi-annual Yardi Marketing Forum (YMF) in Baltimore last week. During the event, attendees explored the latest trends in digital marketing, tips and tricks to optimize outcomes, and real estate technology. As noted by Esther Bonardi, Yardi vice president of marketing, the event is “all about helping you tap into your inner marketing genius.” Here are some of the top digital marketing themes covered: Get in touch with your audience As marketers, we’ve traditionally divvied up our target audiences by demographic information. In today’s noisy digital landscape, we need to meet our customers where they’re at. Speakers Brad Downs, vice president of marketing for the Baltimore Ravens, and Brad Batesole, staff author at LinkedIn, shared strategies to better reach target audiences. Drawing from his fifteen years of experience in sports marketing, Downs stressed the importance of moving from brand first to fan first. “It’s that fan first mentality. Our fans are incredibly important to us. Fans want to feel as important as they are,” he said. By focusing on fans first, opportunities to engage and foster fandom become easier to identify. Downs demonstrated that life stage marketing goes beyond traditional demographic segmentation, resulting in better customer experiences, tailored events and increased engagement. For the Ravens, life stage segmentation resulted in targeted fan development campaigns focused around women and adolescents. This included Purple, a community building initiative to cultivate the female fan base, and RISE, a football outreach program for local children and high schoolers in emerging Ravens strongholds. Life stage segmentation helped draw 130,000 fans to Ravens marketing events, development of an international audience, and an average attendance of 71,000 people at each home game. At Wednesday’s marketing master class, Batesole...
Meet Brad Batesole
YMF Baltimore Guest Speaker
The Yardi Marketing Forum in Baltimore begins November 13! During this sold-out event, multifamily pros from across the country will join us to learn new marketing strategies from expert speakers from both within and without the real estate industry. Brad Batesole will be one of our guest speakers in Baltimore. Brad is the top marketing instructor for Lynda.com and LinkedIn Learning, with over 10 million views on his coursework. He was featured in Entrepreneur Magazine as a young entrepreneur after launching his first successful business at the age of 15 and has helped bring upstarts like LegalZoom, Lynda.com and Warby Parker to where they are today. We recently caught up with Brad before the forum to see what’s exciting him now, both in terms of marketing and our upcoming event: How does your work with LinkedIn impact your ability to speak to different audiences? LinkedIn is home to an incredibly diverse member base — geographically, demographically and career-wise too. There’s a huge opportunity to speak to people that are in different stages of their career and even their lives. I’ve received incredible messages from all around the world and am often left speechless at what people are learning and how they’re applying it to get ahead. Marketing is such a universal topic, and LinkedIn has created the opportunity to teach to a huge audience and learn from that audience as well. Some of what I do can look very one-sided – put a course online, and let people watch it. But behind-the-scenes I’m answering emails, talking with our members and learning more about how people are putting their education into action. What new marketing technology or trends are on your radar right now? I’ll admit, I’ve been rolling my eyes at virtual reality (VR)...
Success Stories
CRC Does More with Yardi
Little makes us happier than hearing about a client’s success with one of our products. Unless that same client is experiencing success with three of our products! We recently had exactly that happen when we sat down to chat with Belinda Torres and Heather Palmer of Continental Realty Corporation (CRC) about their experience with RentCafe. It turned out that CRC wasn’t just getting positive results and feedback from using RentCafe, the company was also seeing measurable returns by extending its marketing platform with both RentCafe CRM and RentCafe Reach. Keep reading to see how CRC improved their online presence, lead tracking and organic traffic with a suite of integrated marketing solutions. Meet CRC CRC was founded in 1960. Headquartered in Baltimore, it’s a full-service multifamily and commercial real estate investment and management company. It uses Yardi software to manage a diversified portfolio featuring nearly 10,000 apartment homes and retail centers consisting of more than 3.5 million square feet of space. Better Websites Before adopting RentCafe, CRC had a corporate website that hadn’t been redesigned in a decade and didn’t have individual property websites. “There wasn’t any SEO value,” said Torres, corporate marketing director at CRC. “Keywords and alt tags weren’t being utilized. There was nothing to help a prospective resident find us.” CRC used RentCafe to create marketing websites for every multifamily property in its portfolio. CRC also uses COMMERCIALCafé to create websites for its commercial properties. “The websites that we have now are attractive. Photos and tours are what people want to see, and we’ve been able to give that to them with RentCafe,” said Torres. The sites are mobile-friendly and allow the marketing team to upload videos and custom content for each community. Applicants can apply online and receive and submit all...
Apartment Idol
Magellan Welcomes Artists in Residence
For musicians Jay Filson of Nasvhille and Jeremy Gentry of Chicago, a year of free rent in a brand-new apartment building is a golden ticket while they work toward establishing fledgling music careers. And for Chicago-based Magellan Development Group, a Yardi client, hosting the two musicians as “Artists in Residence” at its new properties is an amenity so unique that it has garnered significant press attention. Filson and Gentry are the inaugural winners of a creative lease-up competition held by Magellan as it marketed The Sobro in Nashville, and Exhibit on Superior in Chicago. The goal was to find Artists in Residence who would perform at the communities and provide music lessons to residents in exchange for a year of free rent. The Contest Each Artist in Residence winner competed against dozens of other musicians who submitted videos about why they were the most deserving and talented applicants. A live final performance, a la American Idol, concluded the competition. “Our Magellan principals envision this musician/artist in residence as teaching, playing, connecting with our residents in a variety of ways. They believe that music brings people together,” said Sherri Cuda, Director of Leasing for Magellan. Both Filson and Gentry are newly out of college and each was struggling to figure out what next steps their pursuit of a music career would take when they heard about the “Sobro Star” and “Exhibit A-Lister” competitions. Gentry, who works at one of Chicago’s dueling piano bars in the evenings, was thinking of moving back in with his parents. Filson had been working in marketing but knew that music was really the passion he wanted to pursue. “This is the kind of opportunity that does not come up, ever,” Gentry said. “I’m hoping that before next year I can make some original music. That’s my goal, to release an EP or a short album of original music before my time is done here.” Filson has a similar plan. He was working at his alma mater, Indian Wesleyan University, when the opportunity to compete for free rent in “Music City USA” came his way. “I tried not to get my hopes up too high but it just seemed like such a perfect opportunity,” he said. “And then it worked out, so I packed up all my stuff and moved to Nashville.” Since arriving, he’s been working on establishing a broad base of contacts and exploring the local music scene. “People here really do care about music in a really exceptional way. So it’s fun to be able to play for people and residents here that really love music and are open to hearing new artists,” Filson said. Benefits all Residents As part of the terms of the contest, each Artist in Residence puts in 30 hours a month of musical contributions toward their community. “We get a great deal out of it, but the residents get in house entertainment on a regular basis,” said Filson, who often mixes his own original work with mash-ups from popular artists like Eminem. “I’ve been playing by the pool, playing any events we have, and playing events at other Magellan buildings,” said Gentry, who is trained as a pianist but also plays guitar and drums. To augment his preparation for work at the piano bar, Gentry asks his neighbors for their song requests when he plays at the pool. He also has a list of residents who are interested in lessons and plan to start teaching soon. Expanding Possibilities Cuda says that Magellan plans to continue to roll out the contest in other future lease-ups, with the option to expand the scope. The talent portion of the event garnered significant publicity and attention in both markets. Local public relations agencies helped market it via social media and local news outlets. “In future projects, we intend to tailor the program. We may include culinary, wellness, fitness, or other areas. We...
Facebook Live
5 Tips to Rock Live Video
Video continues to rise to the top of the digital marketing playbook. If you’re skeptical about the power of video, consider that almost 50% of internet users look for videos related to a product or service before visiting a store. And four times as many customers would rather watch a video about a product than read about it. Video content can also improve SEO, increase engagement and boost brand loyalty and awareness. Within the realm of real estate, the industry – from retail to residential to student housing – is finding creative ways to leverage video. What’s clear is video isn’t going anywhere, so it’s time to jump in feet first. Facebook Live offers an interactive, free and highly visible way to engage with an audience. The platform now sees 8 billion average daily video views from 500 million users. With help from social media experts, in-depth tutorials and best practice tips, even the most novice user can become a Facebook Live pro. Here are five tips to rock Facebook Live: Step 1: Ask permission If you plan to live stream other people, ask for permission before you record them. Keep in mind some conferences and venues may have strict no streaming policies. When in doubt, ask. Step 2: Game plan Some questions to inform your live video strategy: Why do you want to do live video? Who are you hoping to reach? What do you want this audience to do? What will you talk about? How long will you go live for? Facebook recommends 10 to 90 minutes, but even 5 minutes is great. Do what feels right for your organization and your viewers. Where will you go live from? Walk the room and consider reserving a spot in front. Minimal background...
Optimizing Data
Maximizing Revenue Part 2
Yesterday, we laid the foundations of a strong online presence. We now continue with how to gather insights from analytics to inform marketing and retention decisions. Micro-Adjustments Lead to Success When vacancy rates inch upward, resist the urge to slash prices. “Price should be the last negotiable item, not the first,” advises Sawh. Examine your SEM data, which will show leads generated and which keywords drive conversions. Use that information to adjust pay-per-click ads, the easiest marketing factor to manipulate. In a case study, Bell needed to fill several 2-bedroom units. Data revealed that people who visited the website’s Pets page were most likely to reach goal completion. The team marketed 2-bedroom units to pet lovers to successfully fill the units. You can also make adjustments based on prospects’ objections to visits and objections to leasing. Leverage Soft Data “Business intelligence tools can give you a purview in but it doesn’t tell you the story. Customer insight is the soft data, the human touch,” says Weaver. SEO and SEM generate traffic but once traffic is translated into website and site visits, ORM and customer relationship management (CRM) capture data about visitors. Both give insights into why visitors chose to lease (or not) with your property. Use data gleaned from ORM to tweak the resident and prospect experience. If several reviews indicate that the marketing doesn’t match the product, for example, it’s time to update your gallery and re-examine your marketing message. With prospects, poor follow-through lets many conversions slip away. “It will take eight times of someone telling you no before they say yes,” explains Norbury. “Three points of contact aren’t enough.” “What we tend to forget is that we paid, maybe $20, for the phone to ring. If we don’t answer or don’t...
Marketing Automation
Makes a Big Impact
Today’s renters expect to be able to find and interact with your company everywhere, all the time. But does that mean you’re suddenly able to hire more staff for around the clock support? Of course not. Marketing automation is your secret weapon in an increasingly busy digital marketplace. Marketing automation streamlines repetitive tasks, follows user behavior and delivers targeted content to get customers into your leasing pipeline and help you keep them as loyal residents once they’ve moved in. It drives efficiency for the marketer and leasing manager while creating a more personalized experience for the customer. Watch a quick video about marketing automation. We talked with Esther Bonardi, vice president of marketing here at Yardi, for her perspective on the evolution of property marketing technology. “Property marketers have to constantly innovate to keep pace with consumer trends and demands,” said Bonardi. “Marketing automation is one way even smaller marketing teams can do that and have a big impact without breaking the bank.” 3 Ways Marketing Automation Is Changing Property Marketing Larger Reach Marketing automation tools like ILS data syndication and social media bulk posting help property marketers reach a larger audience with less effort. Instead of manually entering details like vacancy information, pricing, policies and contact information repeatedly – increasing the likelihood of human error each time – internet listings can be automatically and accurately updated across multiple sites with information from your property management software. Social media posts can be created just once and then scheduled and shared across popular platforms like Facebook and Twitter. Reach thousands of viewers each week without sucking time out of every work day. Better Service Bonardi points out that marketing automation isn’t just a way to work faster, it’s a way to market more effectively. “Marketing...
RentCafe Reach
Reach Beyond the Fold
We are thrilled to officially unveil RentCafe Reach. This advanced set of marketing services is designed to attract qualified prospects to your multifamily properties through SEO, SEM and enhanced online property listings on the RentCafe.com ILS. As a certified Google Partner, we’re ready to help you elevate your search and lead generation programs to the Big Leagues. SEO & SEM Services for the Real Estate Industry The RentCafe Reach digital marketing team is comprised of Google certified experts in both Google AdWords for paid traffic and Google Analytics for organic traffic. This allows us to use Google as resource to answer questions and identify future opportunities. Our SEM program is a full-service offering from research to setup and fine-tuning, plus remarketing, conversion tracking and display advertising. The SEO program is also a full-service solution with content optimization, on- and off-page optimization, website health checks and location data management through our partnership with Yext. This ensures our clients receive only the absolute best-in-industry, white hat strategies and tactics for improving their websites’ performance while actively protecting them against black hat techniques that get flagged by search engines and harm the performance of search results, ads, websites and brands. Stay Ahead of the Competition We understand how daunting it is to launch an entire digital marketing program. And the perils of working alone without a partner to guide you. What is a SERP? Or Semantic Search and PageRank? What’s the difference between display network and search ads? Or regular text ads vs. expanded text ads and the comparative click-through-rates? We heard your questions and took them to heart so we can help you, our clients, reach beyond the fold and seize the leads that make the difference and drive business results. Today’s digital space is as...
Insights From AIM
3 Key Takeaways
Multifamily marketers from across the country converged in Huntington Beach for the 2017 Apartment Internet Marketing (AIM) Conference on May 7-10. Several hundred professionals gathered to explore the industry’s latest marketing trends and best practices. Here are three ideas from this year’s event that might buoy your marketing efforts: Tell Your Story Marketing is not just an exercise in generating the lowest cost per lead. It’s a complex combination of creativity and strategy that ultimately tells a story to potential customers. In a world of constant digital distraction, today’s marketers need to have the skills to create content that will rise above the noise. When it comes to creating engaging content, authentic storytelling and video rule. AIM panelists Jamie Matusek, President of Catalyst, Lori Valenti Webb, Director of Marketing at Wood Residential Services, and Anna Geary, Founder of Show My Property TV, explored the ideal customer experience. Matusek explained that experiences progress through the Happiness Halo framework, from anticipation to interaction to afterglow. Anticipation is the process of building excitement, teasing potential customers into wanting to know more. This can be seen in pre-event promotion and behind-the-scenes videos. Interaction immerses customers in an experience, providing emotional direction to aid in decision making. Multifamily application could be a time-constrained promotion, such as a rent discount, or highlighting property perks, such as free recreation classes or dog-friendly happy hours. Afterglow focuses on creating a positive memory, reinforcing brand positivity. As Matusek explained, bad things will happen, such as a poorly executed maintenance request or a negative front office visit, so it’s important to positively direct the sentiments with each resident touch point. Crafting an effective story can combine these three concepts into any medium, from a blog or social media post to a video. At AIM, video was...
YMF Austin
5 Marketing Takeaways
Are you familiar with the Yardi Marketing Forum? This biannual event brings multifamily marketers from across the country together for three days of fun, education and inspiration. We just wrapped up our first forum of the year in beautiful Austin, Texas. If you couldn’t attend, here are the top five marketing takeaways that were shared by our guest presenters. Stop Hunting, Start Cultivating Anders Bergstrom, marketing director for Sanuk, opened the Yardi Marketing Forum with his keynote address on “Surfing the Waves of Consumer Change.” He stressed the need in every industry to build a lifelong fan base, instead of targeting consumers with marketing that kills the relationship after the sale. “When it comes to your audience, cultivate. Think of yourselves as farmers,” shared Bergstrom. “Become aware. Become curious. Become advocates for your clients.” Watch the recording of Anders’ presentation on Facebook. Dial in Prospect & Resident Communications Do you feel like your marketing messages are getting lost in today’s increasingly crowded digital space? For our session on “Getting Heard in a Noisy World,” we were joined by Nikki Crosby from Buckingham Companies, Mallory Monsma from NALS and Yardi’s Nima Farkhak to talk about what works and what doesn’t when it comes to interacting with residents and prospects. The panel consistently reinforced the need to be present everywhere your customers are. Crosby noted that Buckingham properties that use social media remarketing far outperform properties that don’t. Monsma shared email tips that have resulted in a phenomenal 50% open rate for NALS, including keeping subjects snappy, limiting frequency and scheduling the month’s emails in advance through RentCafe. And Farkhak talked about the importance of live chat, citing a case study that netted a RentCafe Connect user an $80 return for every $1 spent. “The best...
9 Responsiveness Tips...
Communication Best Practices
Want to get in touch with your residents? SatisFacts 2017 Online Renter study reveals that 88 percent of respondents prefer to be contacted via email; 73 percent ask to be contacted by cell phone, and 50 percent request text communication. Each method of communication has its own best practices. Dive into these nine tips for effective responsiveness. EMAIL Email is old news but effective email techniques constantly change. You must find a way to make your emails stand out in inboxes that are flooded with spam and competitors. These tips may keep your emails from the trash folder: 1. HubSpot reports that 33 percent of email recipients decide whether or not to open an email based on the subject alone. Subject lines matter! Since 40 percent of emails are read via mobile device, keep your subject 30-50 characters max. Make the subject interactive by leading with a verb. “Party with us tomorrow night!” is more enticing than, “There is a party tomorrow night!” If you have an incentive, notify the reader in the subject line, such as “Get 10% off rent next month.” Add emojis at your own risk. Research tells us that readers dread all caps and excessive punctuation. More than 85 percent of respondents prefer an all-lowercase subject line to one in all caps. But emojis are a relatively new terrain. When used sparingly, they can make a good headline stand out. Downside: they might not translate well across devices and carriers. Also, certain demographics (and not others) appreciate emoji use. Lastly, integrate numbers when you can. Numbers stand out among text and they provide context. “2 weeks until your lease renewal” will have a higher click-through rate than “renew your lease soon.” 2. Timing matters. Consider the subject of your email...
Snap Happy
Property Marketing Goes Guerrilla
OMG’s, LOLZ’s, puppy-dog faces and flower crowns. Snapchat is sometimes reduced to these simple stereotypes and thought of as something to entertain the kids when the adults get tired of the noise at family dinners. But noise and chaos are staples of modern life, for company and consumer alike. And as the godfather of guerilla tactics, Sun Tzu, expounded upon millennia ago, “In the midst of chaos, there is also opportunity.” When fully leveraged, Snapchat can be used to cut through the chaotic noise, both at family gatherings and in today’s rental marketplaces, to turn potential opportunity into new prospects. Background All social media platforms once represented an unconventional and unrealized marketing space. This is no longer the case. Snapchat is one of the many recent social frontiers that qualifies as a guerilla marketing opportunity for brands. It’s a place where you can outmaneuver your competition through unconventional and creative means (without a huge budget), thereby gaining greater exposure and winning. Some continue to dismiss Snapchat as “just an app.” At one point, the doubters may have been correct, but as the scope of Snapchat’s business has expanded so has their reach. It’s now a social media platform that competes closely with the companies typically identified as giants in the space. Case Study So you want proof, eh? The intrepid property managers at Continental Realty Corporation (CRC) just so happen to be early Snapchat adopters, and they were kind enough to share the data of some recent campaigns with us. In October 2016, CRC ran two Snapchat filter campaigns for onsite events, one in the commercial space and one in the residential space. At the commercial property, CRC ran a custom filter for the “Jerry Adams Chili Cookoff.” The Snapchat filter campaign lasted for...
3 Big Trends
Multifamily Social Media Summit
Team Yardi was lucky enough to attend the 5th annual Multifamily Social Media Summit in Napa during the first week of February this year. This conference brings together a wide variety of speakers from within and without the real estate industry to talk about the impact of social media on marketing, leasing and more. We’re always happy to get out there and hear new trends and challenges being discussed – as well as meet with clients from social savvy companies like Pinnacle, Reside Living and Monarch Investment and Management Group. This year we left the summit with three big social trend takeaways: Live Video Is Happening If you’ve been waiting for live video to go away, raise your hand. (You can’t see me, but I’m holding mine up sheepishly.) You might be thinking, “But I don’t want to be on camera, and the quality is unprofessional. Who would want to watch it anyway?” Everyone, it turns out. Keynote speaker Joel Comm, an author and entrepreneur who has hundreds of thousands of social media followers, was the first to bring it up. “Live video is the most significant leap in social media since the iPhone,” he said. “You now have the power in your hand to go live and reach the world… and your communities. It will give you an unfair advantage over your competitors.” Multiple speakers urged property managers to use live video to get potential residents to know, like and trust their brands by providing useful information. Joel even thoughtfully provided a list of live video ideas specific to multifamily: Show an empty apartment Showcase a furnished apartment Meet the staff Explore the neighborhood Show building in progress Show new amenities Tour the fitness center or pool Broadcast an event Walk through...
Marketing to Boomers
Tips for Multifamily Firms
Did you know that Baby Boomers are the second largest demographic in multifamily housing? Most companies only spend five percent of their advertising budget (and even less effort) on this growing group. Don’t be like them. We’ve got eight tips to master online marketing to Baby Boomers. State your cost—clearly—and why your property is worth it. This fundamental tip is especially relevant to Boomers. They have a lot of money to invest in companies that meet their needs. According to this Nielsen report, Boomers currently control about 70 percent of all disposable income in the US. In the next 20 years, they are set to inherit $13 trillion more. If your property meets their needs, they won’t need sales tricks to buy in. Ensure that your marketing story explains how your property can meet and exceed their expectations. They will be willing to pay top dollar. Highlight the conveniences of renting. Many Boomers opt to rent so that they can explore other interests without the burdens of homeownership. The amenities that set your rentals apart from homeownership are valuable selling features. As former homeowners, many Boomers know that property maintenance is hard work. Boomers will appreciate the assurance of prompt maintenance services. Highlight residents’ access to Online Maintenance Requests through Yardi RentCafe®. The tool will appeal to their desire for convenience. Tell the story of the active, hip Boomer. Boomers don’t want to be reminded that they’re aging. This generation focuses on an active lifestyle and exploring new interests. Feature local hiking trails, parks, and your community fitness classes on your website and social media. Let them envision living the lifestyle that they crave while in your community. Note that Boomers not done living it up. While some are caregivers and part-time babysitters for...
Drive More Traffic
To Property Websites
Remember when property marketing was all about foot traffic? Not anymore. In this digital era, an increasing number of apartment seekers start their search online, long before they ever set foot in your leasing office. And the most recent NMHC Kingsley Renter Preferences Study showed that 80% of renters visited the community or company wesite during their apartment search. As a savvy property manager, you already know that online is the name of the game. And you’ve got a website for your property. But how do you get people to visit it? Not everyone has the budget or staff for paid search ads. Fortunately, that’s not the only answer. Here are three inexpensive things you can do to drive more traffic to your property websites. Go Mobile First things first, you can’t get traffic if it can’t find you. Not only is a mobile-friendly website important for easy viewing from a phone, it’s also critical to help your site get found during mobile searches. In fact, did you hear about “Mobilegeddon” in April 2015? This was when Google updated its algorithm so that only responsive websites appeared in mobile search results. A lot of US businesses lost search traffic because they weren’t mobile friendly. Don’t let that happen to you! First, update your website to a responsive design that works on any size screen to make sure it appears in all search results. Then be sure to include important details that mobile searchers may be looking for near the top of the page. Give them easy access to your phone number, office hours and vacancies. Brand Everything Your property website is one of your most powerful marketing tools. Are you using it to your full advantage? It’s time to put your website address on...
Purposeful Surveys
Using Resident Response Data
You’ve probably heard the saying, “You can’t manage what you haven’t measured.” What exactly do you do once resident satisfaction has been measured? The data within your resident survey results can pave the road for a more profitable and enjoyable property—if you optimize use of the data. Make a Plan Before you issue the survey, get team leaders onboard with the process. When leaders are vested in the survey, they will provide enthusiasm, structure and accountability among staff members. Enthusiasm for surveys may be hard to muster. If your leadership sees surveys as a public roast, they are less inclined to throw themselves on the chopping block. The first step is to change the way that the staff sees surveys. Kristin Van Ramshorst, Social Media Specialist at Yardi, encourages clients to see all feedback as good feedback. “Any feedback – positive, negative, or in between – is good feedback and a way to offer better customer service,” says Van Ramshorst. “Respond to negative feedback in a way that is timely, empathetic and identifies solutions. Often times responding in a timely manner can also deescalate complex resident complaints and take the conversation offline faster.” Your plan may also include a strategy for compensation and responsibility dissemination. Consider: Will your property have specific hours for responding to issues brought up in the surveys? How will your staff be compensated for responding outside of normal business hours? Outside of normal business hours, are auto-response messages (i.e. Facebook Messenger) a good option for your property? If there are technical or legal issues reported in a complaint, which individuals at your company or corporate will you escalate the inquiry to? What resources (i.e. training, staff, equipment) do you currently have available at your property to respond to social...