Out to Put a Dent in the Multifamily Universe

Fill Your Marketing Balloons With More Than Air

marketingI was recently given the privelege to co-moderate a brainstorming session on the topic of marketing. The session was held for members of the apartment management industry at various stages in their careers, from leasing agents who have been in the industry for 2 months to  property managers with 10 years of experience. My topic was old school marketing. Old school referring to anything not social media. More specifically, tools such as resident retention, outreach marketing, Craigslist, etc. The idea was to get creative juices flowing, discuss what’s working, what’s not working and maybe learn a few things to take back to the rest of the team.

I was surprised by the lack of marketing knowledge…and for that matter, the lack of creativity. I heard the same 3 “best practices” from a majority of the groups: Generic signs and balloons for drive by traffic, generic Craiglist ads and monetary resident referral incentives. I heard questions like: ”What do you say when you’re marketing to a business?” and “It’s ok to send thank you cards and gift baskets to businesses who refer someone to you?” Leasing agents and PMs who had no knowledge of free additional ILS marketing template tools like VFlyer and Postlets, who had never thought past posting a flyer with a resident referral rent credit in terms of using residents as a marketing tool, and those are just building blocks. It’s as if they were told that marketing is something only a rocket scientist can figure out.

First let me say I’m not exactly saying the 3 best practice items listed above are crap, I’m simply saying that they shouldn’t be IT.  Also, I’m in love with social media and believe it’s an insanely valuable tool, however 1. It was not my topic to discuss and 2. I also think that personal touch and those face to face human interactions through outreach marketing and resident appreciation events are valuable, and combining the 2 forms is fabulous! (Read Urbane Media’s QR Codes blog). But I’m not sure I believe you can be effective with social media if you don’t even know the basics of effective old school marketing tools. And if no one is teaching or motivating their team on the basics of marketing, then I doubt that there is any social media marketing in place anyway.

So I guess what I’d like to learn from this eye opening experience is: Am I way off base in believing that some old school marketing techniques are still a valuable tool in the industry? Is someone teaching your staff about marketing? Do you believe that one can effectively use social media tools without ever having learned/practiced old school marketing strategies?

Title courtesy of Melissa DeCicco

Photo credit bloggingoutloud

#Apartmentmarketing: Blog for Juice

Multifamily 800 Egyptian Apple Sheets

No matter what, the very first piece of social media real estate I’d start with is a blog. – Chris Brogan

Blog About Everything Unrelated

United Blogs of Benetton is one of my very favorite blogs. It was one of my early inspirations when I started writing a multifamily industry related one back in 2005. The thing that struck me most about the blog is that it had absolutely nothing to do with their core business of fashion. In fact, I remember reading a post they wrote back around that time that suggested their reason for doing so.

I can’t find the post so I am doing my best to recall here. The gist was that they thought that the real value of blogging was to give the people that read it the essence of what they valued as an organization. In other words, they wanted to translate the values of their organization by way of compelling and worldly content.

Our First Company Related Blog

When we started our first company blog in 05′ we did just that. But in lieu of a forward facing, community gathering effort; we brought out the personality of EQRs Portland Portfolio. We called the blog: Portland Rocks Newsletter and the content consisted of stories about our teams. Be it work related or a personal experience we allowed just about everything.

Everything that is except for content about EQR or any specifically related to our apartment communities. Our chief aim back then was to invite people into relationship. Whether they bought from us or not was not the point of the blog. If they did, we considered it icing on the cake.

And, fathom this for a minute. It had nothing to do with SEO or SEM back then. Whoa!

It’s All About the Juice

Fast forward to today – everyone has a blog and everyone is jockeying for the first page of Google search. And, we all do it for Google Juice. We wrap it in 800 count Egyptian cotton [Read: adding value or enhancing experience].

All that being said, I agree 100% with Chris B.

AI: Start a blog today – if you have not already!

M

#Apartmentmarketing: Waiting

Girl in wait

“If you wait until there is another case study in your industry, you will be to late.” Seth Godin

Girl in wait

What to do?

It goes against the old axiom, ‘good things come to those who wait.’ Anymore you get cooked in the squat if you wait too long. With the advent of the Internet came an accelerating pace of change. Moore’s Law even exists, to some extent, in the world of property management. We are seeing newer, bigger, better and flashier ways of attracting new people and keeping relationship with them over a long bit of time. It’s nuts out there.

Oh, and we have a blog…

Multifamily: Second Mover’s Advantage

At Mills Properties, we like to think that we are exercising the second mover advantage. While we did have our company [internal] blog in place nearly three years ago now; we were a bit delayed in getting our forward facing blog out to pasture. It did put us behind the eight ball and in the same respect, it allowed us to make observation of several other industry movers and shakers. That time and those observations gave us the ability to design a strategy that has yielded some very good results for us.

At just six months in we have achieved the following with our blog:

Mills Blog

 

 

 

 

 

 

 

 

 

 

 

It’s been the result of some hard work and dedication on the part of many people, first and foremost. Beyond that I would suggest that it’s been the result of setting back and making some observations, learning from others experiments and applying as much as we could.

Today’s call to action – wait. Sometimes, it is okay to wait, watch, learn, strategize, act and fail fast. We did!

What have you gained by waiting?

 

Apartment Marketing: Friendslist

friendslist.jpg

Friendslist might be something to keep an eye on. Especially in light of the shrewd move by Forrent.com in creating an exclusive, carve their client marketing partners right out of an avenue of advertising platform, relationship on FBs Marketplace.  Could a platform like friendlist make the likely crazy expensive quasi-distribution point irrelevant? Likely not but I secretly hope so…

Friendslist offers a cleaner interface to start, but that’s nothing new. What it does is connect buyers and sellers, or people who are looking for jobs and people who are hiring, through the people they know. Yes, Oodle does this to some extent on Facebook Marketplace, but Friendslist takes a slightly different approach.

No offense FR. But, please know whether it was you, AF, AG or any other provider, I would feel the same. The move gave me every cause to expedite the reallocation of near $550,000 of FR specific marketing spend over the last 18 months. Not a complete departure but a semi-massive one.  Stay tuned…

QR Codes in Apartment Magazines

Apartment QR Codes

Image: Apple.com

The jury is still out in my mind as it relates to the use of QR codes. I wrote about them three or four years ago and at the time I thought they were cool but today I have a very different opinion. Back then there was no real mass use commercial or otherwise and in the same respect there was a neat kind of novelty about them. It was cool that I could make my own but really confusing in that that I had no way to read it after I made it. That was before that proliferation of smart phones and the apps that make them so powerful. For now I classify QR codes under the “just because you can, does not mean you should” category.

Waste of Time

For example, I am reading The NOW Revolution by Bear and Naslund and it is full of QR codes. I give them high points for novelty. I give them high points in quantity. And, if it mattered, I give them high points in placement as it relates to aesthetics. They really packed a ton of information into 200 pages or less. But, I would never, in a million years, take the time to pull out my phone, take a picture and wait for the page to load. It’s too much work. Don’t make me pay [in the way of my time and in my money] twice for information.

Think Twice

As a result of The Now Revolution, I will never buy another book without flipping through it more thoroughly. If I see QR codes; I see that money more well spent in my bank account.

QR codes in Apartment Magazines

QR codes are pasted all over the pages of ForRent Magazine and others like it. I wonder, outside or AEs presenting a WOW moment, if people actually use them in a meaningful way. I hear the echos of “value add” but I think “what a waste of space.” Tell me what the value is and reduce my bill accordingly and keep the crazy things off my page.

The Making of an Apartment Company Mascot

Millsy

We are always looking for new and creative ways to start conversation at Mills and we think our latest adventure is sure to be a hit. While we understand this will not resonate with everyone; we are certain there is a niche that will appreciate it and be moved by it. Some people just love to have fun!

Millsy Becomes a Real Boy

Our newly appointed Marketing Director & Communication Strategist, Melissa Preusser (we have an interview lined up – stay tuned to learn more about her) borrowed from the world of athletic mascots to come up with Millsy! Millsy is our Apartment Company Mascot. Millsy will accompany our media teams to any and all company and community functions, festivals, sporting events, partnership gathering and networking events. His chief aim? Give people a reason to talk about Mills. And, what better event could there be for his coming to life party than the annual St. Louis Mardi Gras Parade. Millsy becomes a real boy on Saturday March 5th 2011. We will be sharing a lot of the highlights and pics in future posts.

For now, I thought it would be fun to share some pics of Millsy in the early stages of coming to life…

Using Facebook to Rent More Apartments

A ton has been written on the topic of Facebook as it relates to renting apartments and I don’t intend to belabor the point.

Rather, I am curious to hear from our readers; What is/are your biggest struggle with it? What are your biggest successes? What would you tell someone who is thinking about starting a like page?

I appreciate any discussion we get going here – even the brief ones.

Apartment Marketing: Mills Social Media Principles

You cannot Hit a Target You do not Have

Mills Properties is making a thoughtful integration of social media principles into their Get Social with Mills Initiative. And, in doing so we decided to craft a document of social media principles for our apartment management company as a whole using thoughts, ideas and original works from in and outside of the industry.

Social Media Principles for Apartments

The four companies we have elected to draw from are:

JC Hart

Dell

Coca-Cola

Intel

There are hundreds of examples out there to choose from if you are thinking of writing your own. I can’t tell you that we used some magic formula to pick the companies we did. That is with the exception of JC Hart – we know Mark Juleen and admire the efforts he and his team have put together in executing a great strategy.  With that, we also look forward to feedback along the way as we believe that there is no perfect science to the process.

If you have a set of Social Media Principles for your organization and wish to share – link it up down in the comments. We would love to read them.

Have a great weekend -

Apartment Marketing: PSE

Apartment Facebook

You likely know from your own experiences both on and off line that Emotion Sells! Excitement Sells! Cool Sells! Gossip Sells! Optimism Sells! Humor Sells! Anger Sells! iPhone 4 Sells! Well – more appropriate to this post concerning the iPhone 4 – Being Part of the Cool Kid Tribe Sells! Wit Sells! Deep thoughts by Jack Handy Sells! Heart Felt Sells! To Big to Fail Sells! And B.S. Sells – in spades! Point? It’s the stuff that hits the hardest and softest parts of that thing called heart – soul – spirit and mind! So get out your Kleenex or pick up that axe in need of a good grind – as we have absolutely nothing to tell you that you don’t already know -

Scott Stratten from the very popular UnMarketing Blog cut the idea of sharing down to its core recently -

UnMarketing » Blog Archive » Word of Mouth Has Changed, Sort Of

Look at what gets shared on Facebook, or retweeted on Twitter. Funny stuff, brilliant knowledge-filled posts, sad things, stuff that angers you.

Repeat after me: People. Spread. Emotion.

Apartment Facebook Like Page: Rules for Share

It’s kind of like Steve Leonard’s rule for customer service : Rule number one: The customer is always right. Rule number two: If the customer is wrong, see rule number one! I am adopting Scott’s mantra as it relates to sharing content on your Apartment Facebook Like Page or your Apartment Twitter Status updates: And, to distill it into a set of rules [I hate rules but for the sake of keeping] Rule number one: People. Spread. Emotion. Rule number two: If there is no spread, see rule number one!