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No Title. Just Stuff I Like to Talk About. With You.

I blog here about all things property management related. I love discussions and occasionally, I just really try to get people fired up to talk about things that are important (most of the time...sometimes I just like to have fun.) The important thing is that you can say whatever you like. That's what blogs are about...people sharing their opinons.

Feb 08
2010

Pet Peeves About On Site Staffers

Posted by Lisa Trosien in Student HousingResidentsResident SatisfactionCustomer ServiceCommunity PoliciesCommunicationApartment MarketingApartment LeasingApartment

Lisa Trosien

It’s time to turn the tables from last weeks’ posting about property management executives. As I travel the country, talking with corporate staff and owners, I hear a lot of the same comments and complaints from these executives. So, as I have done in the past, I’ve assembled their most common issues they have with their on site staff.( I also get these remarks via email and even occasionally by phone.)

Oh, and please don’t shoot the messenger folks. I’m just telling you what I hear.

So, here in no particular order, are some reasons why your corporate office might not respect you.

Jan 27
2010

Dear Mr. (or Ms.) Property Management Executive

Posted by Lisa Trosien in Property Management CompaniesProperty ManagementMultifamilyCommunicationApartment JobsApartment IndustryApartment CommunityApartment

Lisa Trosien

As I travel the country, talking with on site staff, I hear a lot of the same comments and complaints from these hard working folks. So, as I have done in the past, I’ve assembled their most common issues they have with their owners and/or management companies.( I also get these remarks via email and even occasionally by phone.)

Oh, and please don’t shoot the messenger folks. I’m just telling you what I hear.


So, here in no particular order, are some reasons why your site level staff might not respect you.

Jan 20
2010

Putting the "Family" in Multifamily

Posted by Lisa Trosien in Untagged 

Lisa Trosien

I was in a bad car accident in Atlanta on Monday. A five car pile up on an exit ramp off of I75. As mine was the first car hit, I took the heaviest brunt of the damage. While the car was total loss, I somehow managed to walk away from the accident with whiplash, some nasty bruises and a few slight lacerations. I was extremely lucky.

I called my family in Illinois first to let them know what happened and to get the insurance wheels moving as quickly as possible. But the first call after that was to my dear friend and business partner, Kate Good. I knew Kate could track down some multifamily Atlanta people and get help headed my way. Less than five minutes after I hung up with Kate, my phone rang and it was Tamela Coval, of Rentwiki, getting all the details of my situation, advising me on what hospital I would probably be taken to and promising me she’d meet me there.

I was whisked away in an ambulance and taken to Kennestone hospital, where, true to her word, Tamela was waiting for me when I got back from x-ray. She and her children proceeded to open their home to me with my own bedroom and bathroom. They fed me, picked up my prescriptions and helped me get my flight changed to the next day. Tamela refused to allow me to call a car service and took me to the airport herself, but only after repacking my bags and providing me with a wheeled briefcase of her own.

Jan 07
2010

Take It From Me: Don't Ever Be Afraid to Ask for the Sale

Posted by Lisa Trosien in Closing RatioApartment Leasing

Lisa Trosien

Please. Don't ever be afraid to ask for the sale.

So many Leasing Professionals and salespeople don't ask for the sale because they are afraid of rejection. And I truly understand that; I do. And to show you how much I understand it, I am going to share a very personal story with all of you that taught me a wonderful lesson.

Years ago, before I realized I had a bit of a 'gift' for sales (ask anyone; I'm a really good salesperson), I was dating a man whom I adored. We had been going out for about three months and ladies, I decided I was going to spring 'the L word' on him.

Dec 27
2009

I Won't Rent at a Place That Doesn't Have...

Posted by Lisa Trosien in Resident SatisfactionResident RetentionRent ConcessionsRentProperty ManagementApartment ResidentialApartment MarketingApartment LeasingApartment CommunityApartmentAmenities

Lisa Trosien

I don't want to call this 'the wish list'. I want to call it the "vitally important list" for properties. Yes, I know this will vary by location, but let's put together  a list of what we hear as the 'must haves' from the majority of our prospective renter clients, shall we? 

I'll start with a few things I wouldn't go without:

 

Dec 17
2009

A Different Kind of Phone Shop in Ten Quick Steps

Posted by Lisa Trosien in RentProperty ManagementOccupancyMultifamilyCommunicationClosing RatioApartment LeasingApartment

Lisa Trosien

Please, don't get me wrong - I think shopping services are great and necessary. I would never run a property without them. They do a wonderful service and give you a 'scorecard' that tells you how your team is doing at your property. But there's one thing YOU need to do every week that sadly, only typically takes about 30 seconds per property in most cases. And you don't need a shopping service to do it. It will immediately tell you how good your leasing team is on the telephone.

Ask a friend, business associate, sister, brother, aunt, mother - ANYONE can do this (I'm sure your shopping service would do this for you as well if you ask them) to phone shop your sites. Give them a list of property phone numbers. Tell them  here is all they have to do:

1. Get a timer that can be started and stopped to show seconds elapsed. (Your computer's analog clock option is fine.)

Dec 13
2009

"Springsteen" Your Leasing

Posted by Lisa Trosien in ResidentsResident SatisfactionResident RetentionProperty ManagementCommunicationApartment MarketingApartment LeasingApartment CommunityApartment

Lisa Trosien

 Have you ever heard Bruce Springsteen sing “Santa Claus is Coming to Town“? It’s one of my all time favorite holiday tunes. And you can’t help but have fun when you listen to it. So, what does this have to do with you?

A lot. People who have fun are much more inclined to BUY. And tell people about their experience.

Is your leasing experience fun? Or is it old school, boring, cut and dried? Does it even qualify to be called ‘an experience’? Or is it, as many places are, painful? What about your resident retention programs? Are they fun? Interesting? 

Dec 07
2009

If You Don't Have a Pool or a Sign, You Might as Well Stop Advertising

Posted by Lisa Trosien in CommunicationApartment SearchApartment ResidentialApartment MarketingApartment LeasingApartment Community WebsiteApartment CommunityApartment

Lisa Trosien

A quick review of 500 properties, all in the same city, from a major ILS showed:

 

  • An astonishing (or maybe not so astonishing) 297 properties had either their pool or their sign as their main photo.
  • A few actually had blurry photos for their main identifier photo. (Blurry.)
  • One property had a closeup of their parking lot. (Yes, you read that right, their parking lot.)
  • Several had model photos. (Some nice, some dated and unremarkable.)
  • Many had their leasing office entryway. (Yeah, that'll make 'em lease.)
  • There's clearly a push to post photos of properties at night. (So much of a push that it's no longer unique.)
  • Water views are popular, too. (Lots of those out there.)
  • Some still had 'no photo' available placeholders. (How sad is that?)
How are you grabbing the attention of the renter with YOUR ad? Find something unique (like Princeton Propeties has done) and work it. Distinguish yourself.
Stand out. Be different.
 
Apartment properties are as diverse and unique as the people who live and work there. It's time you transferred that uniqueness to your ads.
 
Show me what you got!
 
 

 

Dec 03
2009

Let's All Bash The ILS's, Shall We?

Posted by Lisa Trosien in Property ManagementOccupancyMultifamilyApartment MarketingApartment LeasingApartment IndustryApartment Community WebsiteApartment CommunityApartment

Lisa Trosien

The Internet Listing Services (ILS’s) haven’t had it all that good lately. They’ve been getting some pretty close scrutiny on the Multifamily Insiders website, as well as some discussion at national conferences including NMHC Tech and the Multifamily Brainstorming Conference.

Just to make sure we have full disclosure here, I have worked for many of the ILS’s, either as a paid speaker or a paid consultant. Am I currently under contract with any of them? No.

In the interest of fairness, I want to add a few points to the ILS debate. These points are all based upon my opinion after having numerous discussions with the ILS community over the years.

Nov 29
2009

What's In a Name? Nothing if You Use It SEVENTEEN TIMES

Posted by Lisa Trosien in Property ManagementCustomer ServiceCommunicationApartment ResidentialApartment MarketingApartment LeasingApartment IndustryApartment CommunityApartment

Lisa Trosien

Dear Abby:

I've been looking for an apartment over the last few weeks and I've noticed some strange behavior on the part of the salespeople who are trying to get me to lease apartments. I believe they are called "Leasing Agents" or something like that. It's sort of annoying and I want to know what you think.

I went to a lovely apartment community to see about renting a two bedroom. The Leasing Agent was very nice, but after she filled out this card about me, she started doing the strangest thing. She kept using my name, over and over and over again. I thought maybe she was just forgetful or something but then when I went to the next place, the Leasing Agent there did it too! And at the next place and the next. They were doing it on the phone all the time as well. It was really starting to bug me. So, I actually started counting how many times they used my name.

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Insider Blogs

Lisa Trosien Pet Peeves About On Site Staffers
It’s time to turn the tables from last weeks’ posting about property management executives. As I travel the country, talking with corporate staff and owners, I hear a lot of the same comments and complaints from t ... by Lisa Trosien
Read More...

Lisa Trosien Dear Mr. (or Ms.) Property Management Executive
As I travel the country, talking with on site staff, I hear a lot of the same comments and complaints from these hard working folks. So, as I have done in the past, I’ve assembled their most common issues they have with ... by Lisa Trosien
Read More...

Lisa Trosien Putting the "Family" in Multifamily
I was in a bad car accident in Atlanta on Monday. A five car pile up on an exit ramp off of I75. As mine was the first car hit, I took the heaviest brunt of the damage. While the car was total loss, I somehow managed to walk ... by Lisa Trosien
Read More...

Lisa Trosien Take It From Me: Don't Ever Be Afraid to Ask for the Sale
Please. Don't ever be afraid to ask for the sale.So many Leasing Professionals and salespeople don't ask for the sale because they are afraid of rejection. And I truly understand that; I do. And to show you how much I un ... by Lisa Trosien
Read More...

Lisa Trosien I Won't Rent at a Place That Doesn't Have...
I don't want to call this 'the wish list'. I want to call it the "vitally important list" for properties. Yes, I know this will vary by location, but let's put together  a list of what we hear as the 'must have ... by Lisa Trosien
Read More...

Lisa Trosien A Different Kind of Phone Shop in Ten Quick Steps
Please, don't get me wrong - I think shopping services are great and necessary. I would never run a property without them. They do a wonderful service and give you a 'scorecard' that tells you how your team is doing at y ... by Lisa Trosien
Read More...

Lisa Trosien "Springsteen" Your Leasing
 Have you ever heard Bruce Springsteen sing “Santa Claus is Coming to Town“? It’s one of my all time favorite holiday tunes. And you can’t help but have fun when you listen to it. So, what does th ... by Lisa Trosien
Read More...

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