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Home Insider Blogs Jen Piccotti's Blog Resident Retention: Talk to Me... My Way
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Sep 22
2010

Resident Retention: Talk to Me... My Way

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Posted by: Jen Piccotti

Communication preferences are changing quickly. Very quickly. What worked best a year ago might not work best today. I'm all for best practices, please understand. There's a lot of truth to the sentiment, "We don't need to reinvent the wheel." When it comes to communicating with our prospects and residents, however, we need to be on our toes and be able to adapt to their ever-changing preferences. Why? Communication is the foundation of all service delivery. If you can't communicate effectively with your prospects or residents, you are demonstrating that you can't effectively provide good service. So, how do we know what these preferences are? Just ask! We've been asking this question for years to all residents and prospects who participate in our survey programs. Because this topic is so important, we've been keeping a close eye on what they are telling us, and here are the year-to-date results hot off the press as of September 20:



For the first time in 2 years, cell phone has bumped email out of the number one slot by a one-hundredth of a percentage point. However, these preferences are neck-and-neck, so ensure you have both of these points of contact in your property management system. (Please note, respondents could select as many preferences as they liked, not just one.)

Best practice: Every time a resident comes into the office or calls the office, pull up their file in your PM system and ask, "Is this still the best phone number to reach you? Is this still the best email address?" If one of those is missing, just ask, "I see we don't have an email address on file. What is the best email to contact you regarding your home?"

What I'm really intrigued by, however, is the appearance of "Text message" on this list of preferences. A year ago, this preference did not have a presence at all. And now, 10% of residents would prefer to communicate this way! We're not talking about 10 people. This represents well over 1000 respondents saying they prefer text messaging. No small potatoes!

In dozens of personal interviews with on site teams over the last 4 months, I have asked the staff if they are communicating with residents by text message. The response was a unanimous, "No." There were a few teams who were communicating with prospects in this way, but not residents, which I found very interesting. So my question to you - how is your team or company addressing the preference to communicate by text message? What software are you using to enable staff to send and receive text communication on their computers? How are you staying on your toes to be able to communicate.... their way?

Jen Piccotti is the VP Consulting Services for SatisFacts Research, who specializes in resident and prospect feedback.


Comments (7)Add Comment
3941
written by Bryan Grackin, September 23, 2010
While many residents certainly text just as much, or more than, e-mail, from a management perspective I want to have formal, documented communication with residents. We encourage all residents to follow their community on Facebook where information is posted about events and fun things (in addition to fliers on community bulletin boards and high traffic areas), but the cost of a mass texting service/software just doesn't seem worth it at this time with so many other free mediums.

That being said, I did work for a company that used texting as a leasing tool where bandit signs had a simple "Text XXXXX For Leasing Information" and prospects would receive information based on their response texts with this automated service (like a Choose Your Own Adventure book). Lease conversion results were dismal, but the cost was minimal so it was chalked up as a marketing gimmick.
211
written by Jen Piccotti, September 23, 2010
@Bryan - You make an excellent point about formal and documented communication with residents, which makes me wonder if the emerging text message software includes the capability for storing and filing messages in the same way we do with email communication. I look forward to hearing if more industry folks have experienced the same obstacles of price and conversion rations (for leasing). Thanks!
5451
written by Genevieve Oxford, October 05, 2010
Our on-site staffs use texting to send prospective residents directions. They use their email in order to do so by asking, "Would you like me to text you the directions as well?" If the client responds yes, the agent follows with, "can you tell me your service provider?" or " Who do you have, Sprint, At&T?" Once we have this information we can email the directions to their phone and they receive them as a text.
211
written by Jen Piccotti, October 06, 2010
@Genevieve - That's a great idea, to ask for their service provider and be able to use that information to communicate directions by text message. Have you experienced residents wanting to continue that interaction and text the office? Thanks!
5451
written by Genevieve Oxford, October 06, 2010
Actually, yes, which is one of the reasons we have started to use a company which offers features such as mass texting & emails for opt. ins and even telephone calls which can be scheduled to send a Happy Birthday message, reminder about the parking lot construction, etc. When we tried the method, some were skeptical the prospect would even decided to take us up on the offer. Almost every prospect does! The positive response is not only useful for the client but for the office staff as well. It keeps the property information in the prospects hand even when they hang up and increases the focus on showing up at the destination.
211
written by Jen Piccotti, October 12, 2010
Great information! Thanks Genevieve! Would you mind sharing who the service provider is?
5451
written by Genevieve Oxford, November 02, 2010
Property Solutions.
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