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Dec 17
2009
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A Different Kind of Phone Shop in Ten Quick Steps
Posted by: Lisa Trosien on Dec 17, 2009 06:03 Tagged in: Rent , Property Management , Occupancy , Multifamily , Communication , Closing Ratio , Apartment Leasing , Apartment
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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.)
2. Dial the number for the property, preferably the local number so you don't mess up your 'call log' for your toll free numbers.
3. Count the number of rings before the phone is answered.
4. Start the timer, in seconds, when the call is picked up by the site.
5. Ask one simple question: "How much are your...insert size of apartment here)?
6. Write down the answer you get.
7. IF the property simply gives you the price, say thank you, note the elapsed amount of seconds and hang up.
8. If the property entices you to stay on the call and make an appointment, write down 'hallelujah!', note the leasing professional's name and make some other cursory notes on how well they did. Please don't make the appointment; after all, you're simply trying to see if they ask you to do so.
9. After 'mini shopping' all your sites, add up the total amount of time they spent on the phone with you.
10. Divide by the number of properties to have your true, average length of call.
Optional Step 11: Cry when receiving the results. Or celebrate. The answer is up to you.
Lisa Trosien is an award winning multifamily consultant, degreed educator and speaker with over 20 years of industry experience in positively impacting apartment communities' bottom line . Contact her via email, Lisa@ApartmentExpert.com

What was not noted here was how seldom the phone was actually answered. My experience has the phone being answered really well between 9-9:45AM, and then progressively worse until around 4:00PM. The middle of the day yielded mostly answering machines. As Lori indicates, that is a more effective twist, for of thoses that left a message, only 23% were returned. Finally, I am today meeting with a fee management company where only 5% of all messages were returned (1 out of 20) and 20% of all of the voice mail boxes were full (4 out of 20). wonder what kind of value the owners of those apartments think their management company is really providing.





