gino
Thanks Dave. If you're going to talk about money to kids, at least try to make it fun.
Dave Miller
Really fun ideas, Gino! Thanks for putting this out there!

Training Trivia

If a prospective resident wants a lease with an ending date not available on the lease expiration matrix, it is smart to make an exception and allow their lease to end when they desire to secure the lease.

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726952066 [{"id":"290","title":"TRUE","votes":"16","pct":"21.33","type":"x","order":"1","resources":[]},{"id":"291","title":"FALSE","votes":"59","pct":"78.67","type":"x","order":"2","resources":[]}] ["#ff5b00","#4ac0f2","#b80028","#eef66c","#60bb22","#b96a9a","#62c2cc"] sbar 200 200 /polls/vote/104-if-a-prospective-resident-wants-a-lease-with-an-ending-date-not-available-on-the-lease-expiration-matrix,-it-is-smart-to-make-an-exception-and-allow-their-lease-to-end-when-they-desire-to-secure-the-lease No answer selected. Please try again. Thank you for your vote. Answers Votes ...
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Social Media

- Blog posts tagged in Social Media

Posted by on in Property Management
Not too long ago we talked about Twitter etiquette and now we have come to some thoughts on the practice of suggesting to friends to become a fan of a certain page.  Some balance really needs to be applied to how you go about building your fan base.  Lately I have been receiving repetitive requests to fan a page from the same individuals.  There seems to be almost no time span in between these requests.  I choose to ignore pages that I do not feel are something that would interest me and I wake up the next morning and the same request is there again from the same individuals and multifamily companies.  I know I am not the only one this has happened to since I see similar comments on the Facebook news feed regularly.  In my opinion it's just bad business overall.  I personally see nothing wrong with suggesting to your friends when you have opened a new page.  I have done it myself with the four that I operate for The Training Factor.  After that though it is my responsibility to let people know about these channels by other means.  These other methods will help you grow your following in a respectable and organic way.  Here are some bullet points that I have used and would love to see some others posted in the comment section below. 1.        Advertising that I have a Facebook page on our company newsletter. 2.       Creating a Facebook badge for our website and our blog. 3.      ...

Posted by on in Property Management
I know I'm dipping my toes into dangerous waters here, but I think it's time we take a good, hard look at the data surrounding social media and the hype associated with it. I fear I may be taking my life into my hands, but we've got some new data to work with that may start some very valuable conversation - so to me, it's worth the risk!The industry marketplace is filled with seminars, tutorials, podcasts, chat rooms and articles on how to get the most out of your social media marketing strategy. There is no denying that our culture is embracing social media in a variety of aspects of life, however, the data is currently showing it has not gained enough of a foothold in the rental housing market to be an effective leasing or community-building strategy. Based on data from SatisFacts’ 4th Quarter 2009 Annual Resident Satisfaction Surveys, when asked “When you rented at this community, what sources of information did you use to find out about the community?” only 1.24% of residents identified social networking sites, such as Facebook or MySpace…and Twitter was not identified by any respondents.In addition to being promoted as a way to find new prospects, social media/social networking sites are also receiving a lot of attention and focus as a great way to build visibility and community among residents and prospects, the reality is that residents prefer to be contacted by email or cell phone. Respondents to the SatisFacts Annual Resident Satisfaction Survey...

Posted by on in Property Management
Our social media customers often need to build their fan bases from scratch, so we came up with a list of tips to help them. Here are 5 tips you can implement with no out-of-pocket costs. 1. Put Facebook and Twitter links to your property pages on your website. On property specific websites, put the link in the header of every page. On sites with multiple properties, put the link on property-specific pages. Surprisingly, we've met a lot of resistance from client website vendors and in some cases, link requests have been flat out denied. Don’t take no for an answer. 2. Put Facebook and Twitter links in your email signature. If you can put html in your email signature, you can add links to your social media services. My email signature has icons that link to my Twitter, Facebook, and LinkedIn pages as well as my blog. However, you may also want to consider using text links instead of image links, as some users suppress images in their emails. It's up to you. There is no “right” answer. Need help? Just contact me and I'll send you a sample code. 3. Put Facebook and Twitter names on printed materials. As you replace your business cards, brochures, and other printed materials, consider integrating your social media contact information. You can print your profile names or direct people to links on your website. 4. Get your prospects to fan you. About 1/3 of the folks touring your community will be future residents, but...

Posted by on in Property Management
February’s units Magazine did a nice article on the topic of deleted Facebook Pages and I wanted to expand on the discussion here. This is link to the original units Article: http://www.nxtbook.com/nxtbooks/naa/201002/#/36 (I love this new electronic version).  The article discusses the fact that businesses, including apartment communities, should create Facebook Pages rather than Profiles to keep in line with Facebook's Terms of Service and protect against Facebook deleting the profile.  We also know of apartment communities that lost their Facebook (Fan) Pages because the Facebook Page was associated with an employee’s personal profile and when the employee left the company, they deleted the page.  Facebook currently does not allow you to move a Facebook page to another profile so once it is attached to a personal profile, it is there for good.   We advise our clients to create a Facebook Page for their business that is not attached to any profile. Facebook does not make that easy. When you set up your page they try to make a personal profile go with it, but it is better to avoid doing so.   So before you expand your efforts building your fan base to your Facebook Page, you might want to confirm that you’ve created a page that has a good chance of standing the test of time....

Posted by on in Property Management
Apartment employees access to social media You will hear it again and again in 2010 – what started out as a simple and subtle tap on the window has become a crashing of such proportions that you can not ignore it anymore. Business as we know it has changed and like it or not social mediums are here to stay. The question for the coming year is, will you embrace change [embrace engagement] or will you be comfortable with irrelevance? Harvard Business Publishing posted a story titled: The Uber-Connected Organization: A Mandate for 2010 In it, Jeanne C Meister and Karie Willyerd bring notice to a number of companies embracing business as it relates to social media. They really drill home the point of access and I would like to expand on that in the context of the apartment industry. Apartment employees access to social media We have all heard of NetNanny and other Internet site blocking technologies used to cut off access. Meister and Willyerd suggest that, “Firms spend millions on software to block their employees from watching videos on YouTube, using social networking sites like Facebook or shopping online under the pretense that it costs millions in lost productivity, however that’s not always the case.” I suggest, in lieu of the monies dedicated to blocking initiatives, it might be time to re-imagine your culture and spend some of those monies enhancing your employees experiences. One inexpensive example, image turning your employees loose to use Multifamily Insiders – a social media mecca for great ideas...

Posted by on in Property Management
  One of my favorite resources for great information is DigitalBuzsBlog.com.  I am currently developing outlines with detailed  'how to's" for using New Media Marketing,  including the policy suggestions for my clients. Want to see what Coke is doing? Check out this blog on Coke's newly released Social Media Policies. You will find a link to download the 3 page document with the entire contents of  Coca-Cola's new social media policies. Coke does business in 206 countries and collaborated with their Ethical Compliance, Legal and Marketing teams.   It is nice to know that Coke just released their's, maybe we aren't so far behind. It's also nice to know they were able to keep it simple. Coke created a Social Media Certification Program as a first requirement to any team member participating as a Spokesperson. You can see the 10 Principles for Online Spokespeople listed in the blog.What department is responsible for developing  your company policies?Do you have a company "code of conduct" ? Will you involve legal to approve your final draft?Are you engaged without policies in place?Has your company created a position to manage your online brand and oversea social media policy and strategies?Do tell . . . [video:http://www.youtube.com/watch?v=G6R161hDAH4&feature=player_embedded 444x250]...

Posted by on in Property Management
leaky bucket This statement was made on a call I was on and at first I agreed. Something did not ring right though... Here are my thoughts and I would love to hear yours. No doubt this economy is impacting all of us in some way and it is safe to say that many are now looking at change as a necessary evil. It is human nature to be content with status quo in most cases. So here is the question that came to mind; have we changed over the last 200 hundred years because we had to or because we felt we could make things better? I strongly believe that most changes have come from the possibility of a better way to do things and not from the pain that could be caused by not changing.   In fact most inventions may have been looked at unnecessary by many and are now "indispensable". Do you believe that Thomas Edison thought that electricity was a need or did he see opportunity for a better and more comfortable life? I know my great grandmother did not let electricity be connected to her home until 1974 because she was just fine that way it was... What does that have to do with you?... Everything! Today's challenges are tomorrow's opportunities. By embracing change as a new and better way to do things you will gain a source of excitement rather than a feeling of beating beaten up. The key word that I see tied to...

Posted by on in Property Management
A friend of mine, who is an ecommerce entrepreneur in a very competitive space and in the middle of a shopping cart migration, recently asked me for some SEO advice. After answering his specific questions, I suggested we do a few searches for high volume keywords to see what his competitors are doing. Some of the results were rather surprising. Here were the two biggest eye openers. 1. Numerous first page Google search results included pages that didn't even contain the search terms we used. 2. For many keyword searches, half of the results were video and other social media sites rather than his direct competitors. These results were not a fluke. I have been able to repeat this outcome with several searches for my own site. The first results for “4walls sterling apartments,” which would have previously delivered the listing page, now serve up my index page— which does not have the word sterling on it—as the first result. 100% of our social media clients are seeing their Twitter, Facebook, or both of these pages on the first page of search results for their community within 30 days (we now take before and after screen shots to demonstrate this finding). Getting great search results used to be straightforward. If you started with good content, didn't screw up the title and description meta tag or on-page text, set up appropriate internal linking and got a few sites to link to yours, you'd be golden. Everyone would think you were a...

Posted by on in Property Management
The time and effort individuals are spending on sites like Apartmentratings.com detailing their experience, (most of which involves trashing the community and management staff in explicit detail) is appalling, and threatens the integrity of the site. Yet, on almost every on every page I review, the only people talking are the disgruntled residents, (or family members of disgruntled residents), and occasionally a prospective resident whose observation of the horrific commentary has spurred them to speak on the lack of usable information provided, and proclaim the residents a bunch of whiny babies. The result is a whole lot of screaming and trash-talking and very little relevant information. The resident spends an hour creating an in-depth dissertation on why they hate the community they live at, then proclaims it to the world, and the management company says nothing. They are completely invisible and therefore not part of any conversation. Why not? Why are we ignoring these sites? They’re not going away, and they certainly aren’t doing the consumer any good given their current scope. In fact, they are turning the consumer off all together by making our industry appear pretty pathetic.What’s a savvy property manager to do?Reality Bites. Perception is 99% reality, and the disgruntled resident has an outlet to proclaim their reality. Instead of being defensive, try to look at it from the resident’s perspective. Why are they so mad? Why are they willing to spend extensive time and energy proclaiming how incompetent you are? It’s simple - some don’t feel heard,...

Posted by on in Property Management
I know this is such a cliché title and perhaps the die hard Trekkie fans may only understand it.  Here are the two key words to explain it, Borg and the Federation.  The Borg were determined to make change on their terms no matter what got in their way and the Federation resisted this and hence the common expression the Borg would make is : Resistance is Futile.    We approach each day where words like change, shift, new, revolution, generation seem common in daily conversation, blogs, news etc.  There is no doubt that change is here and that a major shift in how daily business operations are accomplished is necessary due to the impact of things like social media and new generations of incoming employees and residents.  In general most of us by nature resist change and the main reason behind that is the delivery method.  If the Borg approach is used and change is forced on us, we automatically resist.  If change is delivered in a palatable way, with gradual implementation and education that is conducive to our personal way of adapting, then the transition is much easier.  My experience at the IREM Georgia Social Media workshop will illustrate this.   At one of the roundtable workgroups I was with, one of the ladies asked me a point blank question.  She asked, ``Should I go and purchase the XYZ for Dummies book to help me learn this?`` My response to her was an automatic one purely based on my personal...