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6 Strategies to Maximize the Value of Pinterest for Your Property

To use Pinterest or not to use Pinterest? That is a big question on many of our clients' minds.   While yes, Pinterest can be a profitable social media platform to invest your ad dollars into, it really depends on your industry and product or service.   With more than 150 million monthly users, Pinterest provides a refreshing way to maintain and enhance your SEO efforts and reach a wider audience.   The pinning platform spurs more than 2 billion searches each month. Additionally, more than 250 million of those monthly searches are visual searches — opening the door for a lot of multifamily marketing potential.   So, for those who do want to dive into Pinterest and give it a shot — the next question is, how can I maintain a strong presence on this platform? Below, we explore a few ways to make the most bang  for your buck.  1. Start a Business Account The first step is ensuring you create a business account and not personal as this will give you access to the Pinterest ads manager and analytics tracking. Use your property’s full name in your account, and be sure to include all necessary descriptive information in your bio sections, including contact information, apartment logos, and any community amenities or features you would like to highlight. 2. Create Your Boards Pinterest boards are the topics by which you organize your content. You should create boards that showcase your property (rooms, amenities, events), as well as boards that provi......
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Instagram for Apartments: How to Stop the Scroll in Instagram and Engage Your Residents

Do you find yourself aimlessly scrolling for way too much time on Instagram without ever really stopping to absorb any of the content you’re seeing?   If you’re doing it, you can bet your residents are doing it. And, they’re missing your posts.    A quick way to tell if your audience is passing your posts is if there is a huge disparity between your follower number and the average likes per post you’re receiving. If you have 1,000 followers and are getting eight likes per post, your audience is frequently scrolling by you.    While how active your followers are, the time you post, and how much you post are factors when it comes to engagement, there is still a good number of people who see every post.   So, how do you stop your residents from mindlessly scrolling past your posts and get them to engage with them, or at least read them?   I’ve got some recommendations for you:   1. Lean into your industry + being an apartment.  It’s likely your residents aren’t following many apartments on Instagram; you might be the only one.    So while the majority of their feed is filled with posts from brands and influencers, you have the chance to stand out with apartment-centered images. This includes pictures of apartment units, community amenities, and event announcements as well as tips and tricks for renters. This might seem obvious but it can be easy to try to copy what is trendy or popular at the moment......
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How to Utilize Apartment Marketing’s Newest Weapon: TikTok

“Weapon” might sound a little medieval for multifamily, but when you look at the power of TikTok and the impact it can have on your lead generation, it feels like an appropriate descriptor.    Before we jump in, if your target renter is above the age of 40, then you likely don’t need to worry about learning and using TikTok for your apartment marketing. 60% of TikTok users are between the ages 16-24 and 26% are 25-44.   So, if your target renter is a Gen Z or a Millennial on the younger side, then your apartment needs to be on TikTok (even more so if your direct competitors aren’t yet).    The platform is video only, so it definitely takes some time and effort to make content for your apartment but it’s well worth it. As the current most popular app, many young adults are using TikTok to find apartments. Plus, unlike Facebook, Twitter, and Instagram, TikTok users watch videos with the sound ON. This means your message will actually be heard and you don’t only have to rely on visuals.    Here are three ways to utilize TikTok for your apartment marketing:   1. Make original content in bulk. Publishing consistent original content seems much less daunting when you create it in bulk. Try to set aside a few hours one day each week to create multiple videos.    The great thing about TikTok is it’s all about trends. There’s nothing wrong with starting out your TikTok journey by simply recreati......
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More Tenants, Less Effort: 5 Ways an AI Leasing Assistant Increases Conversions

No longer a far-fetched concept reserved to sci-fi movie plots, artificial intelligence is now an indispensable tool in your prospects’ daily routines. Think about it: Chances are you’ve posed a question or two to your favorite AI assistant today, whether that’s Google, Siri, Alexa, or else. Maybe you needed directions to a meeting, store hours for the nearest pharmacy, or a rundown of your calendar appointments — and you had no time or desire to read through a website, call customer support, or click through a handful of dashboards. You wanted answers in seconds, and AI delivered it.  Likewise, the tenants you’re trying to attract have a serious digital addiction and craving for instant answers. It’s why AI leasing assistants are no-brainers in delivering measurable improvements in conversions, engagement, and revenue.     Below are five ways an AI Leasing Assistant will bring more tenants to your properties: 1. Satisfy consumers’ craving for easy self-service and instant gratification Today’s consumers expect the same ease, immediacy, and anytime/anywhere access they enjoy from online retailers and media platforms. Fail to deliver those experiences and they’ll jump ship to a more responsive website, sinking your profits. Astute multifamily property marketers understand that to remain relevant and profitable, they must compete on the battlefield of user experiences, often measured against the ease and speed of Siri or Google. AI Leasing Assistants make that possible.   Speaking of speed and ease, todays’ consumers also don’t want to talk to a sales rep until they’ve completed some basic research, narrowed thei......
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Lessons Learned From 2020: Must-Have Tech in 2021

Lessons Learned From 2020: Must-Have Tech in 2021
If we learned one thing from 2020, it is that technology is a vital piece to an apartment company’s business strategy. Prior to 2020, technology adoption and buy-in were slow for most multifamily firms. We know that nothing can replace a person-to-person experience, but when this wasn’t an option, operators were forced to accelerate their adoption timelines. Companies needed to find ways to replicate that personal touch through digital connections.  If your company was one that had the foresight to build a tech stack that had dynamic solutions to operate efficiently both on and offline, then 2020 was a walk in the park. For those that hadn’t adopted a full online/offline strategy, then every day probably felt like a human pinball trying to roll out tech solutions to fill in the gaps. We were living in a reactionary world where all traditional processes of onboarding tech were thrown out the window. It was the precipice of a technology revolution.  We wanted to get information to the users as quickly as possible. Some solutions executed seamlessly while the industry was forced to innovate on the fly in other instances. All were game changers in a fully digital world. What did we learn? We learned that consumers need and expect information to be easily accessible and available multiple ways online. As consumers, we learned that it’s a frustrating user experience when websites have multiple pop-ups on the homepage. As operators, we learned that we need technology more than ever before, that it isn’t a one-siz......
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Why You Should Market for Your Property

All too often I receive inquiries from a potential seller that is looking to “Get the Highest Price” for their property, but does not want to list it, or market the property.  This seems counter intuitive as the basic law of economics is supply and demand.    Although there is not much an average seller can do to affect the supply line, they can create demand by using a good agent.  I started my career in real estate auctions in the late 80’s through the mid 90’s.  During that time, I was at first surprised when properties we took to auction (a method that was deemed as a “fire sale”) consistently sold for higher prices than neighboring properties, and in many cases sold at higher prices than what they were previously listed before going to auction.  As I thought about it, it really did make sense, my economics classes in college explained exactly what was going on.  The supply chain didn’t change, but by marketing the property, and creating a pent up demand the chances for a sale greatly increased.  We’ve seen this over and over the last few years in this current “Sellers” market.  Almost to the point where we now receive as many calls from investors saying they only want to look at “off market” deals, believing they will get a better price without other competing investors.  So it seems pretty easy… If a seller wants the highest price, they need to make sure the property is actively exposed to as many people as might be intere......
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How to Identify and Utilize True Leasing Automation

As everyone knows, the property management industry is constantly shifting and evolving to accommodate new technologies helping to make the lives of property managers a lot easier. Over the last few years, leasing automation has quickly become one of the most valuable additions to the industry, specifically within the multi-family community.    For those who haven’t yet experienced true leasing automation, it gives your prospective residents what they want - real-time responses and tour scheduling at their convenience. It gives your leasing staff what they need - dramatically less time on the phone and responding to e-mails, tours efficiently scheduled based on their real availability, and high-touch automated follow-ups throughout the leasing process. Multi-family property managers wear so many hats that the more time that can be saved, the better. Leasing automation is re-envisioning how prospects and management companies interact and it’s time to get on board.   It is important to understand that not every company that offers what they consider to be “leasing automation” actually has true end-to-end leasing automation. True end-to-end leasing automation doesn’t need to be regularly touched or fed information. A fully automated platform empowers the individual prospect to self-conduct the entire leasing process within constraints and guidelines pre-set by the property manager or owner. On the management side, a fully automated platform allows for tremendous cost savings, serious growth without additional staff, a significantly better experience for prospective renters, reduced on-market times, and a happier leasing staff who is more likely to stay with the company. ......
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How Leasing Teams Can Influence This Year’s Budget Season

That time of the year is quickly approaching — multifamily budget season! Multifamily communities and corporate teams are busy planning next year’s budget. That means marketing and onsite teams are eager to learn what existing tools made the cut, what new tools they will leverage, and what tools are no longer needed. Instead of waiting to hear from corporate teams on what tools or platforms are recommended, leasing teams could advocate for their favorite or desired tech-enabled tools. After all, leasing and management teams are or will be the ones using those tools on a daily basis. While corporate teams could comb the internet for ideas and tips, it’s always recommended that onsite teams share what really matters to them with their corporate teams. To take that a step further, prospective and current residents’ preferences also matter, which you, as a leasing professional, are the one capturing and experiencing firsthand. So let’s dive into what we feel are two of the important topics that leasing professionals can and should focus on when advocating for tech-enabled tools in their 2022 budgets. Data Doesn’t Lie If you’re looking to advocate for a technology that you either want to keep or want to get for your team, equipping yourself and your team with data is a way to move the needle on the likelihood of getting / keeping that platform. Here are a few statistics onsite teams can use to showcase why video is an integral part of the leasing process to corporate teams: Videos are s......
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Demystifying Machine Learning and AI in Multifamily Marketing Analytics

Demystifying Machine Learning and AI in Multifamily Marketing Analytics
Overview Machine Learning and Artificial Intelligence (AI) are oft-cited buzzwords in our contemporary conversations about property operations and analytics -- but what are their meanings and, more importantly, how can their application benefit multifamily business operations?  If you are encountering these concepts in internal meetings, vendor presentations, and sessions at conferences -- but wish to take a deeper dive, you've come to the right place.  This article aims to demystify the concepts of Machine Learning and discuss their role in the broader context of Marketing Analytics.  So, first, the terminology..... What is Machine Learning?  How is it different from Artificial Intelligence?  Machine learning is a method of data analysis used in computer software to identify patterns in data and make recommendations for optimization based on those patterns.  Artificial Intelligence is a broader discipline, that includes Machine Learning -- but also represents a higher level of cognition. An example of Artificial Intelligence technology would be in certain types of robotics, where a more human-like sense of reasoning would be applied -- such as with self driving cars -- whereas Machine Learning is more focused on analysis and logic.  In this article, we will focus on Machine Learning, as a fundamental concept for building Marketing Analytics systems.  How does Machine Learning work?  The basic principle of Machine Learning is that it takes a set of assigned data; finds patterns within that data; builds a model around those patterns; then tests and refines that model to make recommendations based on the patterns in that data.  What are......
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5 Ways to Use LinkedIn to Find New Employees (for FREE!)


Are you struggling these days to find qualified team members? You’re not alone! Many industry professionals have expressed the difficulties they’re having finding new hires. While we can boost our marketing efforts and throw more of the budget at trying to spread the word about the roles we have available, there is one resource we can use that is not only efficient, but FREE: LinkedIn. In this #ThirstyThursday episode, I share 5 ways that you can use LinkedIn to reach qualified industry professionals looking for a new company to join and get those crucial positions on your team filled! Comment and like if you want more tips like these!

 

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