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It is wise and acceptable to use a criminal background check to eliminate any candidates with a criminal record prior to getting to final interviews when hiring.
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Model Apartment

May 02
2012

Do Model Apartments Actually Help You Lease?

Posted by Brent Williams in Occupancy , Model Apartment , Mini-Model , Closing Ratio , Apartment Leasing

Brent Williams
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In what may be our most controversial survey result to date, we analyzed the role of model apartments and whether they were actually effective in the leasing process.  Several interesting results came out of the survey, such as how much apartment communities spend on decorating their model apartments, and how often they change that style.  However, the most interesting results revolved around their effectiveness as leasing tools.

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Mar 29
2012

Painting Postcards; The Apartment Developer's Dilemma

Posted by Ross Blaising in Resident Retention , Property Management , Multifamily Insiders , Multifamily Executive , Multifamily , Model Apartment , Fair Housing , Communication , Brand Monitoring , Apartment Residential , Apartment Marketing , Apartment Leasing , Apartment Industry , Apartment Development , Apartment Demographics , Apartment Community , Apartment , Amenities , Affordable Housing

Ross Blaising
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I toured an apartment complex the other day and was asking tons of questions of my leasing agent (who knew that I was a developer and was just shopping their product). I am always struck by the wall that goes up when you ask demographic questions (I do get that that these young folks are taught to not even address these questions for fear of being hunted down by the crazy Fair Housing police). Unfortunately, as a developer, these are about the only questions that really concern me.

 

When choosing whether or not to undertake a $50M investment, understanding who the prospective renter is- is actually a critical part of my job. Of course there is always the basic demographic info that we get from our consultants:

Feb 08
2012

The Circle of (A Property’s) Life

Posted by Buildium LLC in Resident Satisfaction , Resident Retention , Rent , Property Management Software , Property Management Companies , Property Management , Occupancy , Niche , Multifamily , Model Apartment , Customer Service , Community Policies , Communication , Budget Issues , Brand Monitoring , Blogs , Apartment Maintenance , Apartment Industry , Apartment Community , Apartment , Accounting

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By Linda Day Harrison, Manager Labs, Chicago, IL

There are business models in all shapes and sizes. There are retail stores, medical and legal practices, cleaning companies, general contractors, grocery stores, etc. So when you think about a business, how many business models do you know of where the business owner outsources the entire business to another party? For instance, if you visit your local grocery store, is it managed by a grocery management company? How about a retail store management company? So what makes the residential real estate investment business any different? Why are there so many property management companies and outsourced service providers to the property industry?

According to a colleague of mine, the answer is quite simple, “It is not easy, there is so much at stake, and there are many moving parts.” Also, when you think about properties as investments, there are often multiple partners and joint venture groups who own the assets. In those cases, the managing partner realizes they do not have enough time or expertise to do all of the functions required of them to maximize the value of the asset. That is what outsourcing offers.

Nov 23
2011

Virtual Staging For Model Apartments

Posted by Brent Williams in Model Apartment

Brent Williams
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Browsing through Google+ today, I ran across several posts by Mike Tempel of Nexus Real Estate Services showing off some great virtual transformations of a model apartment using a "virtual staging" solution.  I thought others might find them interesting, so I'm sharing them here.  (The provider of the virtual staging solution was VirtualStagingSolutions.com.)

Virtual Staging For Model Apartments 1Model Apartment using Virtual Staging 2

Apartment Leasing - Model Apartment
Virtual Staging Solution

Nov 22
2011

A successful property tour is so much more than follow the leader

Posted by Christopher Higgins in Traffic , Property Management , Model Apartment , Apartment Marketing , Apartment Leasing , Apartment Community , Apartment , Amenities

Christopher Higgins
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Years ago when I had the task of putting together my first leasing guide, I relied heavily on the advice of a good friend, a supervisor with years of experience and obvious selling chops. One terrific tip she shared with me was that a leasing agent needs to become adept at finding the things in each room of an apartment home that the prospect was not likely to see. She suggested that we require each leasing agent to go into all rooms of an apartment, even the baths and closets, and find at least two things that were not obvious and explain what those features meant and how they could benefit the prospect.

In the years since, I have used that great idea as a cornerstone in my training. Think about it. When a somewhat less engaged leasing agent does a property tour, they usually spend a lot of time on pointing out the obvious, if they are even interacting at all. I cannot count the number of times I have walked into a furnished model with a leasing agent I was “shopping” and been lead to a room with an oval table and six chairs while the leasing agent offered “this is the dining room.” What a master of the obvious! Why do we even waste the time and energy if we are only pointing out things that are clear to just about everyone. I have had leasing agents fall this up by steering me into the kitchen and pointing to an appliance with the comment “this is the microwave.” As a sarcastic person by nature, I usually cannot let this go. I usually respond with something snarky like, “Oh yeah! I have heard about those. Can you show me how to work it.” The deer-in-the-headlights look I typically receive is well worth it. But seriously, if your prospect doesn’t know what a dining room or a microwave is, do you really think they are going to qualify?

So many property tours lean more towards “follow the leader” than a real plan to lease an apartment. We become better leasing consultants, property managers and salespeople when we get past the obvious and uncover the little things people aren’t likely to see. I explain this in my seminars as similar to the concept of “whiteout”. Just as when driving in a blinding snow storm it can become impossible to see your path forward, a somewhat similar thing happens to a prospect looking at apartments. All the more when in a vacant, they see white walls, white ceiling, light colored carpet and often lighter cabinetry and appliances. It can be easy to get lost in the sea of white, so that little things don’t stand out against the vast white backdrop. Especially if a client has toured multiple communities and a half dozen or more units, it can be very hard to see the differences. That is where we come in. Finding those two things in each room is crucial, pointing them out and explaining why they may be useful is salesmanship. They can be simple or complex, ranging from two cable outlets in the living room to make furniture placement more flexible to something elaborate like the fact that the drawers in the bathroom and kitchen cabinetry go full depth, providing more storage space than the typical ¾ drawers found in most apartments.   

Aug 15
2011

Establishing Transfer Policies for Multi-unit Properties

Posted by Buildium LLC in Student Housing , Residents , Resident Satisfaction , Resident Retention , Rent Concessions , Property Management Software , Property Management Companies , Property Management , Occupancy , Multifamily Investing , Multifamily Insiders , Multifamily Executive , Multifamily , Move , Model Apartment , Lease Termination , Lease Renewal , Lease Agreement , ForRentByOwner.com , Forms , Fair Housing , Customer Service , Community Policies , Communication , Business Center , Blogs , Apartment Training , Apartment Residential , Apartment Marketing , Apartment Leasing , Apartment Jobs , Apartment Industry , Apartment Community

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By Ben Holubecki, STML Realty Group, Glen Ellyn, IL

Transfer policies are often a detail overlooked by landlords and property owners who own/manage multi-unit properties. A tenant requesting a move from one unit to another presents challenges and can add unnecessary and unexpected costs for property owners. Ignoring these requests or not addressing them properly can open landlords up to potential resentment from tenants and even legal liabilities if not properly documented.
There are a lot of reasons why a tenant might request a transfer to another unit within the same property and there are positive and negative impacts resulting from this type of request. The most common reasons for these requests in my experience are:

- Problems or issues with current neighbors
- Maintenance issues within their current unit which they feel were not or will not be addressed
- Lack of upgrades due to extended tenancy (newly remodeled units are obviously more desirable)
- Preference regarding location within the property (different floor, closer to parking, amenities)
- Moving from 1 unit type to another such as moving from a 1 bedroom apartment to a 2 bedroom




Aug 05
2011

Know Your Property Management Market Potential

Posted by Buildium LLC in Residents , Resident Satisfaction , Rent , Property Management Software , Property Management Companies , Property Management , Occupancy , Multifamily Investing , Multifamily Insiders , Multifamily Executive , Multifamily , Model Apartment , Customer Service , Business Center , Apartment Residential , Apartment Marketing , Apartment Leasing , Apartment Industry , Apartment Development , Apartment Demographics , Apartment Community

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By Jo-Anne Oliveri, ireviloution intelligence, Brisbane, Australia

I see too many property management businesses either fail completely or forever fail to achieve their targets for many and varying reasons.

It’s important, just like in any business, to understand and know your market. In order to create your business plan and targets you must know the market size, potential, averages, statistics and demographics. In this particular blog I’ll focus on the critical role market potential and averages play in the success of your business.

Aug 03
2011

10 Tips to Effectively Communicate with Your Landlord

Posted by Buildium LLC in Student Housing , Residents , Resident Satisfaction , Property Management Software , Property Management Companies , Property Management , Occupancy , Multifamily Executive , Multifamily , Model Apartment , Lease Renewal , ForRentByOwner.com , Customer Service , Community Policies , Communication , Apartment Residential , Apartment Maintenance , Apartment Industry , Apartment Community

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By Ben Holubecki, STML Realty, Glen Ellyn, IL

As a property manager, I spend quite a bit of time thinking about how I communicate with the residents of the properties that I manage. Unfortunately, most residents give little thought to how they communicate with their property manager or landlord. Considering that nearly 35% of Americans currently reside in approximately 40 million rental units throughout the country it is surprising that so few of us really understand how to communicate effectively with our landlords. Almost every one of these landlord/tenant relationships last a minimum of one year and some last many years, even decades.

The relationship that you enjoy with your landlord can directly impact your lifestyle, comfort, image, and financial standing. Establishing a positive and healthy relationship with your landlord can go a long way in helping you live in the best conditions possible, getting you the fastest responses to maintenance requests, and keeping your rental rates reasonable.

Jun 29
2011

Creating Soul and Personality for Your Business (Part 2)

Posted by Buildium LLC in Residents , Resident Satisfaction , Resident Retention , Property Management Software , Property Management Companies , Property Management , Occupancy , Multifamily Insiders , Multifamily Executive , Multifamily , Model Apartment , Lease Renewal , Facebook , Customer Service , Community Policies , Communication , Business Center , Brand Monitoring , Apartment Residential , Apartment Marketing , Apartment Industry , Apartment Community Website , Apartment Community , Apartment

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By Jo-Anne Oliveri, ireviloution intelligence, Brisbane, Australia

Let’s continue from my last blog. Starbucks

If it’s all about the client experience, and it is (just ask your clients), then how do you create a memorable and enjoyable client experience? Remember that it has to be a “real” experience because clients can spot fakes and phoneys from a mile away. Therefore your team must internalise your business personality – it must become the natural way that they interact with clients and teammates as well as how they represent your brand and your service.

Jun 22
2011

Property Management - Let's Talk Bare Necessities

Posted by Buildium LLC in Student Housing , Residents , Resident Satisfaction , Resident Retention , Renovation , Property Management Software , Property Management Companies , Property Management , Occupancy , Multifamily , Model Apartment , Lease Agreement , ForRentByOwner.com , Foreclosure , Fair Housing , Customer Service , Craigslist , Construction , Business Center , ApartmentRatings.Com , Apartment Residential , Apartment Maintenance , Apartment Leasing , Apartment Industry , Apartment Community , Apartment , Amenities

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By Colin McCarthy, J.D., Robinson & Wood, San Jose, CA

In my last entry, we discussed how it was possible in this great country of ours that a burglar could sue a property owner for injuries he sustained while robbing that same property owner.  In my next entry, we will discuss why it is in the fine state of California that a tenant can sue his landlord for injuries sustained on the property which are inflicted by criminals.  But in this entry, I will get a little more practical:  we will discuss just what your responsibility is to your tenants regarding the liveability of the unit.

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