Do you use Pinterest at your property? If you’re like many others, you’ve probably heard about Pinterest and know that it has become one of the most popular social media tools. You may have even created an account and started pinning pictures of your property or other fun Pins that your residents may be interested in.
Prestige Marketing, Inc. put together a helpful how-to guide on how to use Pinterest for advertising. While not specific to the multifamily industry, this infographic has a lot of great information that can be used to market your property on Pinterest. Let us know how you are using Pinterest at your property in the comments below! The Benefits of Affiliate Marketing [Infographic]
Keeping your employees motivated is a challenge for just about any business, but is especially important in a leasing office for an apartment complex or large number rental properties. The less inclined and excited your employees are to sell and move in new renters, the more the overall profits will suffer. Not only will the sales pitches be weak on each property they show, but the lack of enthusiasm can be felt by prospective renters through the leasing agent, which will also detract from leases. Below are some tips to motivate your leasing agents to stay excited and motivated to lease as many available properties as possible.
After a rough few years in the housing and rental market due to the down economy and recent recession, it appears as if everything is beginning to turn around in 2013. While it’s too early to invest everything in the rental and housing market at this moment, there are some emerging trends that are clearly evident so far in 2013 that are important to know if you work in the real estate and property management business. A number of these emerging trends are listed below.
The more communication property managers and their residents have, the better, as it usually leads to better, stronger business and personal relationships between both parties. This will make everyone’s living and working experience better and make renters stay for extended periods of time and property managers attentive to their residents’ needs. As communication has gotten so much easier in recent years, using social media to connect the two parties is a logical idea. Below are some ways engaging with renters on social media can be used to create an open line of communication between property managers and their renters on a regular but casual basis.
As operational costs, property taxes and inflation go up, raising rent is inevitable. Failure to match the going rental rates of your surrounding area, and to adequately cover all expenses, will only serve to hurt your bottom line And if you delay on this change, you’ll be facing an even larger rental gap to cover in the future, which will endanger your ability to retain renters through the transition.
The market for renters is competitive. Regardless of your rental property’s size, any unit vacancy is revenue going down the drain. High renter retention rates can minimize these gaps, but even the best properties will need a strong approach to recruiting new renters as openings occur. Depending on the demand for your property, there are a number of marketing strategies you can employ to fill vacancies and stir up interest in your rental units.
In the business world today, almost all attention is focused on keeping the customer happy. So it is safe to say that the same rule applies for landlords to make their renters happy. Resident satisfaction is very important because it is a way to ensure a sustained retention rate.
Now through the summer, Apartments.com commercials are headed to a TV near you! Our three commercials will be airing nationally on channels including Adult Swim, ESPN News, MTV, MTV2, VH1, Fuse, Bravo, E!, Style and more. The commercials will not only drive brand awareness and traffic to Apartments.com, but feature a new call to action inviting viewers to sign up for our new SMS mobile messaging campaign. Don’t forget, you can watch the commercials anytime at YouTube.com/ApartmentsTV.
As today’s shopping process shifts toward online research and purchasing, it’s no surprise that ratings and reviews are becoming critical to your success. In fact, according to an Apartments.com survey, 80% of respondents indicated they used reviews as part of their search and 73% say reviews are extremely/very helpful!
Multifamily professionals understand the impact location has on the cost of rent. For example, a studio apartment in NYC is going to skew much higher in rent compared to the same sized apartment in Grand Rapids, MI. Knowing the significance location plays during the apartment search, the team at Apartments.com took a deeper look into how much rental prices varied from around the country, based on our website data. Looking, specifically, at what apartment shoppers could rent for $1,000 or less in various cities, we learned that not only does rent vary greatly across state and city lines, but also from neighborhood to neighborhood.
Check out the infographic below to see what $1,000 can rent when pitting popular cities, neighborhoods, state capitals and college towns against one another as well as where the best rental deals can be found. Read More