The Do’s and Don’ts of Social Media Interaction

Long gone are the days of stranger danger. Well, at least that’s true if you’re doing social media for multifamily. Nowadays, it is common — and almost expected — for an organization to interact with its customers, employees, and community online.

Multifamily professionals must engage and connect with their audience online to establish an authentic and interactive brand presence.

While social media for multifamily is an excellent tool for building your brand, it is essential to follow specific rules of interaction to ensure that your social media marketing efforts are practical. 

Here are our top rules for marketing social media for apartments:

Rule #1: Use Humor Sparingly

Take a look at Whataburger’s Twitter account (@whataburger). You don’t have to be a writer for Saturday Night Live to run a strong Twitter account; sometimes, you must be a bit random. Whataburger focuses on how depressing life would be without it. 

Regarding social media for apartments, showing a little personality and personalizing your property’s feed is essential. It allows you to be seen as more approachable and have more engagement with your residents, potential residents, and the community.

Humor can be an excellent tool for engaging your audience and creating a fun and friendly brand image. However, it is important to use humor sparingly and appropriately. Always consider your target audience and avoid offensive or insensitive content. Keep your humor light and relevant to your brand and community.

Rule #2: Don’t Be Afraid of Negativity

In the multifamily industry, negativity is plentiful online. Sometimes things don’t go as planned with your property, and you may receive a bad review online. Don’t worry. Instead, think about how you want to respond.

In almost every case, it’s the best strategy for companies to reply to these reviews and address the problem with a possible solution. What’s impressive about social media and the Internet in general is that you can talk one-on-one, so reach out to them. The reviewer’s negative experience may shed light on a more significant problem, which, once discovered, can be resolved so that higher-quality service can be experienced by all.

When potential residents surf the net for a place to live, they look at reviews. While bad reviews may affect their choices, properties engaging with reviews and offering solutions to the negativity will reassure them.

Rule #3: Use More Than One Brain

“Two brains are better than one” is not exclusively used for academic endeavors. One of our favorite social media accounts is Vogue’s Instagram account. They always have beautiful photos, and they’re not afraid to collaborate.

They’ve reposted photos and had budding artists take over their accounts, and they’ve done all this while sticking true to the core of their brand. For your multifamily marketing, you can collaborate with the community to showcase events, people, and issues that connect your property with your audience.

Collaboration is crucial when it comes to multifamily social media marketing. When creating content, property managers should work with the entire team to ensure that all aspects of the community are represented accurately. This may include input from the leasing agents, maintenance team, and residents.

Collaboration is also essential when managing social media accounts. Ensure you have a designated social media team responsible for managing and responding to social media inquiries and comments. Ensure that all team members are on the same page and understand the overall strategy for social media marketing.

Rule #4: Be Timely

Posting timely is a critical rule for social media marketing for multifamily apartments. Your content should be relevant and timely to your audience. For example, if there is an upcoming event in your community, post about it beforehand to encourage residents to attend. Also, consider current events and trending topics when creating content to stay relevant and connected with your audience.

Sometimes, we don’t do things on time. And that’s okay. However, with all social media, time is of the essence, so don’t be like that friend who tells you “Happy Birthday” a month late. If someone mentions you in a tweet, and you decide to favorite all mentions as a company, handle it immediately. More likely than not, it will make that person smile because getting some love from one of your favorite companies is always excellent.

Rule #5: Focus on Quality, Not Quantity

High-quality content is essential when it comes to social media for apartments. Your posts should be visually appealing, easy to read, and informative. Always use high-quality images and graphics to enhance your content. Ensure all posts are proofread and edited before posting to ensure the content is error-free and professional.

Rule #6: Respond to Residents

Social media for apartments is all about engagement, and it’s important to respond promptly to comments and messages. This helps build a positive relationship with your audience and demonstrates that you are attentive and responsive to their needs.

Remember to check your notifications (and message requests folder) regularly. Read, respond, and engage with your residents online daily. This shows them that you are not just a “posting machine” on social media but that you care about them.

Rule #7: Encourage User-Generated Content

Encouraging user-generated content is an excellent way to increase engagement on social media. Asking residents to share photos or stories about their experiences in your apartment community can create a sense of community and authenticity. Be sure to repost and share user-generated content to encourage further engagement.

Rule #8: Monitor Your Online Reputation

It’s essential to monitor your online reputation on social media. Be sure to respond to negative comments or reviews promptly and professionally, addressing any concerns or issues. This demonstrates that you take your residents’ feedback seriously and are committed to resolving any problems that may arise.

Rule #9: Be Consistent

Consistency is vital when it comes to your social media marketing. Be sure to post regularly and consistently to establish a routine and keep your audience engaged. Also, ensure that your multifamily brand messaging and visual style are consistent across all social media marketing platforms to create a cohesive apartment brand image.

By following these additional social media marketing interaction rules, property managers can create a strong and effective strategy that engages their audience and builds a positive multifamily brand image.

Why Your Cold Calling Is Not Working

Regardless of where your position lies in the sales industry, there’s an overarching cloud of cold calling that hovers above you. It’s time to revolutionize your multifamily marketing plan.

Whether you are on the receiving end of the phone calls as a VP of Sales or if you are the Account Manager having to call several companies per week, you understand the headache. 

The Problem With Cold Calling Today

In the age of the internet, many unsolicited calls go unanswered. Modern sales and marketing professionals face going up against buyers with easy and unlimited access to detailed online information. 

However, time and time again, we see industry professionals who cannot seem to shake the old-school approach. Something to keep in mind is that consumers are not the only ones with access to the internet. You can also use it to stay updated on your target customer’s issues and formulate ways to resolve them.

When you have market information and big data analytics, you have more insight into the issues or problems with your customer base. At that time, you can take away any aspect of cold calling, and it becomes either a warm or a hot lead. You’re redefining cold calling altogether by having the ability to have content out there. At that point, they are coming to you; you’re not going to them.

As a commercial real estate marketing agency, we understand the power in numbers. 

Content Is the New Cold Call

Outbound sales initiatives, while they used to be effective, are no longer the best route to convert leads to customers. Inbound multifamily marketing provides individuals with information about your company and allows them to develop their opinions.

More than 75% of consumers said that receiving custom content and personalized communications was a critical factor in prompting their consideration of a brand, and 78% said it made them more likely to repurchase.

Cold calling is considered an outbound strategy; it is company-focused and assumes every customer is a buyer. It can be transformed into an inbound multifamily marketing plan by calling to get to know the customer.

While the internet provides a great deal of information, it’s losing the aspect of human interaction. Every individual can do their research and find out information without having to have a point of contact call them for their initial understanding of your business. That is where content becomes “King” as far as the web is concerned.

Because customers are resorting to the Internet to answer all of their questions, it is important for your company to meet them there. Provide them with a helping hand, and if calling is something you prefer, direct them to your phone number to get more information on how you can help them.

3 Alternative Approaches for Cold Calling

So, how will modern businesses seek to increase sales without their tried-and-true method of cold calling? Here are a few tried-and-true methods for increasing your multifamily leads and building connections organically:

1. Attending and Networking at Events

Begin by building value-adding relationships. With networking, the goal is not to get something out of the deal but to increase the number of people who know and trust you. 

If you do well at networking, you should be able to land public speaking opportunities. Establishing yourself as an authority on specific topics will lead to an even larger group of people who trust you.

2. Contribute Content to Relevant Publications 

Likewise, writing is one of the most accessible avenues to build a sense of authority. Submit an article to a magazine publisher you know your customers will read, or create your blog. Furthermore, you don’t always have to publish your work. Reposting another blog by a reputable source will help gain attention and credibility.

Take a quick look at our blog, and you might notice a couple of guest posts now and then. These are relationships we are continually building. Our team also regularly publishes content for several publications, including the National Apartment Association, Texas Apartment Association, Units Magazine, Multifamily Insiders, and more.

3. Reach Out to Past Customers

Lastly, take the time to reach out to customers, old and new, genuinely. The relationships you build will be at the core of your business. It’s as simple as that. People are willing to pay a higher price when they know they are getting good service. Therefore, good customer service leads to a higher lease!

Some of our best current clients are former clients from years ago that we kept in touch with over the years! While one customer might not have the budget, resources, or capabilities to become your customer right now, this could change in a year or two — so always keep that line of communication open.

Changing Your Multifamily Marketing Plan

Cold calling may decline, but plenty of strategies exist to increase sales and attract new customers. Remember, it doesn’t matter which multifamily marketing plan or strategy you use as long as you treat the customer with the utmost importance.

It’s Time to Take Digital Multifamily Marketing Seriously

Most digital marketers can probably relate to this social situation: Someone asks what you do for a living. After explaining that you work in multifamily digital marketing, the inquisitor follows up with some variation: “So, you play around on Facebook all day?”

Social media for multifamily vendors and developments, in particular, gets a bad reputation, with some business owners refusing even to acknowledge social platforms as legitimate marketing channels.

But if you think digital marketing is just fluff and noise, you are missing out on low-cost campaigns with great returns on investment that traditional marketing cannot compete with. Most businesses fail to realize that digital marketing offers more measurable value than traditional methods.

How a Company Generated $2M From One Blog

Over the years, blogging has transformed from a forum for teenagers into an affordable multifamily lead generation tool. To understand how this transformation occurred, let’s first examine how the internet has changed consumer behavior.

With a digital information repository at your fingertips, today’s consumers are more educated than ever. Gone are the days of visiting a store to speak to an expert or asking neighbors for referrals. Everything from pricing to reviews is found with a simple search.

No matter what industry or consumers you serve, customers have questions, and you can guess where they go for their answers — Google. So, how can you take advantage of this? By answering those questions on your company’s blog or FAQ page.

Marcus Sheridan, one of the earliest content marketing proponents, generated $2 million for River Pool & Spas when he published a blog post on the company’s website answering a simple question: “How much does a fiberglass pool cost?”

What did the blog post cost him? A half-hour of his time and maybe some web analytics tools? We’ll take that ROI.

According to Tech Client, businesses have a 434% higher chance of a high ranking on search engines if they feature blogs as part of their website. Additionally, HubSpot found that companies that implement blogging into their content marketing strategy receive 67% more leads than those that do not.

Content marketing might seem pretty straightforward, but like any marketing campaign, it is important to have a strategy. For most businesses, you are not blogging just to blog; you create content to drive your marketing funnel.

Social Media’s Biggest Value-Add for Business

Multifamily owners often ask, “Is social media a legitimate way to generate multifamily leads?” But those owners might be asking the wrong question.

The value of social media is not measured in leads, but rather, it is measured through customer experience. According to Forrester data, a relationship exists between customer experience and stock price. People are willing to pay a premium cost for the experience with a brand.

Additionally, improving customer experience can save your company big bucks. In fact, Sprint saves $1.7 billion each year by determining and mitigating the root cause of customer dissatisfaction from calls made to its contact center.

And as it turns out, social media is crucial to improving customer experience. The internet allows word-of-mouth communication to spread easier than ever, both positive and negative.

In the multifamily industry, for example, negative commentary from residents is commonly found across social media and online review sites such as Yelp, Twitter, and Google business pages. Residents who are frustrated with a property’s maintenance issues or poor customer service often express those feelings publicly online. How a multifamily property responds will determine how a negative comment affects your business.

However, each part of your marketing strategy should fit into one cohesive piece. Your website, social media presence, user experience, customer experience, etc., should work harmoniously to establish a successful inbound marketing plan.

You Must Talk Marketing ROI (4 Key Takeaways)

As marketers, we are constantly faced with the battle of justifying ourselves and our multifamily marketing agency’s role in a company’s ROI. We must always find ways to prove to CEOs that marketing contributes to the bottom line. 

But how? 

Here are 4 ways to convince multifamily owners and CEOS that marketing ROI matters.

1. Be relevant — set SMART goals.

Do you find yourself constantly sharing statistics that discuss retweets, follows, visits to the website, etc.?

These stats are important, but if you have not established true goals and understand how and if your work is contributing to the bottom line, STOP IT! It’s time to set up your SMART goals, communicate with your sales team, and start being relevant to what is most important to the CEO and company: ROI.

2. Play offense, not defense. 

Believe it or not, about 69% of CEOs believe that marketing is a waste of time, money, and resources. To stay on the offense, you must clearly define your goals, ensure that sales and marketing are happy, and discuss the purpose behind your goals.

3. Always go after the 3 Hs.

• Head – Explain your plan of action. Defend your strategies with case studies, numbers, etc. Win over your team with proof!
• Heart – If people aren’t truly vested in your idea with their heart, you will lose them. Find out what’s important to them and how to tie your new goals to theirs.
• Hands – Now that you’ve won over your team, you’ve got to get them to get back to (or start) work! Play out those call-to-actions.

4. Prepare to show your medal.

In business, you will fight many battles. You will be criticized and put through the wringer. But, at the end, these obstacles will refine your character — just like a medal has to go through fire to be reshaped and altered.

Take risks and be the change that will keep your organization moving forward.

Generative AI vs. Human Writers: Why You Need BOTH in Your Strategy

By now, you’ve likely heard about OpenAI’s ChatGPT and other chatbot artificial intelligence tools.

And if you haven’t heard of these AI writing tools yet, settle in and don’t skim over the good parts of this blog because this one is important. 

Generative AI has taken the marketing world by storm. With advancements in natural language processing (NLP) and machine learning, AI copywriting has become an increasingly popular tool for any business to interact with its customers — and the multifamily market is no exception to this growing trend. 

AI-powered writing tools, in particular, are a leading example of how generative AI is changing the marketing world. But while these tools can automate some multifamily marketing processes, human writers and editors are still essential. 

Why? ChatGPT might be revolutionizing how you handle content marketing, but did you know it isn’t always factual? Did you know some generative AI content is considered plagiarism?

We ALL have our limits, and that includes AI writing tools. We found those limits and think sharing them is important so you can utilize ChatGPT (and similar tools) to support your apartment marketing efforts the RIGHT way.

What is ChatGPT?

ChatGPT stands for “Chat Generated Pre-Trained Transformer” and is an AI-powered chatbot that utilizes an NLP model developed by OpenAI. It uses machine learning algorithms to analyze vast amounts of data to generate content that reads as if a human wrote it. 

Since ChatGPT launched in November 2022, the world hasn’t stopped talking about it. There are many use cases and ideas, but we haven’t seen enough comprehensive use cases to leverage it in multifamily marketing. 

Generative AI Tools and Industry Growth

The generative AI market is booming, with over 2,000 tools now available to help businesses create content, streamline workflows, and innovate across industries. The rapid expansion of this market is fueled by growing interest in AI-driven solutions and substantial investment. In fact, between 2022 and 2023, total investment in generative AI skyrocketed by an astounding 407%. Let’s explore some of the leading tools driving this transformation:

• ChatGPT (OpenAI): A widely used conversational AI tool capable of generating text, answering queries, and assisting with creative projects.
• Google Bard: An advanced conversational AI by Google that excels in generating detailed responses and explanations.
• Gemini (Google DeepMind): Combines generative AI capabilities with Google’s vast knowledge graph for nuanced and reliable responses.
• AlphaCode (DeepMind): A coding-specific AI designed to assist developers in writing and debugging software.
• GitHub Copilot: Powered by OpenAI, this tool enhances coding efficiency by providing contextual suggestions and code snippets.
• Peppertype: Offers content templates for writing articles, meta descriptions, and marketing emails.
• Rytr: Creates SEO-optimized titles, blog posts, emails, and advertisements with a focus on ease of use.
• Jasper: A content generator tailored for marketing teams, featuring multi-language support, collaboration tools, and content templates.
• Copy.ai: Focused on content marketing, this tool generates blog posts, social media updates, and email campaigns.
• MidJourney: A leading AI tool for generating stunning visual designs and artwork.
• Stability AI: Known for developing tools like Stable Diffusion, specializing in high-quality image generation.

A Market on the Rise

The generative AI industry is experiencing unprecedented growth, attracting interest from businesses across sectors. From crafting marketing content to automating repetitive tasks, these tools offer transformative potential. With investment levels surging and innovation accelerating, generative AI is poised to reshape how we approach creativity, productivity, and problem-solving.

Whether you’re a marketer, developer, or business leader, understanding and leveraging generative AI tools can provide a significant edge in today’s competitive landscape. As the market evolves, staying informed and experimenting with these technologies will be key to unlocking their full potential.

ChatGPT by the numbers

• On March 14, 2023, OpenAI launched GPT-4 technology in the ChatGPT Plus Plan, which allows it to generate 25,000+ words in output. As well the model understands 26 languages.
• ChatGPT reached one million users within a week of its launch and 57 million monthly users in the first month.
• ChatGPT crossed the 100 million users milestone in January 2023.
• 13 million individual active users visited ChatGPT per day as of  January 2023.
• Microsoft invested $10 billion in OpenAI, gaining 46% of the company’s stake. OpenAI received $ 1 billion from Microsoft in the initial stages of development.
• ChatGPT owner OpenAI predicts that by the end of 2024, they will generate revenue of $1 billion. $200 million in revenue is expected by the end of 2023.

The benefits of AI-powered writing tools

The primary advantage of ChatGPT is its ability to produce large volumes of content quickly and efficiently. This makes it an ideal tool for marketers and content creators who must quickly produce a high content volume. Additionally, ChatGPT can provide marketers with fresh ideas and perspectives on a given topic, helping them to create more engaging and compelling content.

Regarding blog writing and marketing, generative AI is an excellent tool for generating ideas and starting the writing process. By providing a prompt, such as a topic or a keyword, ChatGPT can quickly generate several paragraphs of text that can serve as a jumping-off point for further refinement by a human writer or editor.

Moreover, ChatGPT can help marketers create optimized content for search engines, which is essential for driving website traffic. ChatGPT can suggest keywords and phrases that can improve a blog’s search engine ranking by analyzing search queries and content related to a given topic.

7 limitations of AI in digital multifamily marketing

While generative AI offers several benefits, it is important to understand its limitations. ChatGPT’s writing is generated based on algorithms and statistical patterns, so it may not always capture the nuance or tone that a human writer could convey. ChatGPT also has limited knowledge of cultural and contextual factors that may impact how a specific audience receives content.

Additionally, ChatGPT may struggle to generate content for complex or technical topics requiring high expertise. In these cases, relying on a human writer or editor with the necessary knowledge and experience to create high-quality content may be more effective.

1. AI lacks creativity and personalization.

Despite the many advantages of ChatGPT, human writers and editors are still necessary in today’s marketing world. Human writers bring a level of creativity and personalization to their writing that AI-powered tools cannot match. They can inject personality and voice into their writing that resonates with their audience and helps to build a connection with them.

Furthermore, human writers and editors can provide a level of quality control that AI-powered tools cannot match. They can review content generated by ChatGPT to ensure that it is accurate, engaging, and error-free. They can also ensure that the tone and style of the writing are consistent with the brand’s voice and values.

When you compare content written by AI vs. a human, AI doesn’t have a lot of creativity or personality. Take the following paragraphs as an example. One was generated by AI, and the other by me (the Manager of Content at Criterion.B). I wrote a few paragraphs about web design — specifically, the No. 1 mistake marketers make when building or redesigning their websites. 

After writing my version of the topic, I asked ChatGPT to “Write a couple of paragraphs about the No. 1 mistake marketers make when building or redesigning a website.”

Here is my take on the results:

I ran both pieces of content through a plagiarism checker. My content had 0% duplicate content. Meanwhile, 5% of the AI-generated content was considered plagiarism. 

Additionally, as you can see, my content was much more informal, specific, and personalized. The AI-generated content (while it is good content) is much more formal, structured, and even a little bit stale in comparison.

While it’s not a bad paragraph and could be used in a blog somewhere, imagine an entire blog written using ChatGPT and how it would sound. The AI-generated content is a bit heavier to read, which could lead to a higher bounce rate over time if all your content is AI-generated.

2. AI lacks originality (possible plagiarism alert!)

ChatGPT is not your content creation savior. Sure, it’s powerful and helpful, and maybe the tool will improve significantly in the months and years to come. But for now: relying on ChatGPT for ALL of your content is a disaster waiting to happen.

AI learns from existing content on the web, so it replicates what is already out there. This means it could be a literal copy of something else online. (See the above example where the AI-generated content had 5% plagiarized content.)

3. AI utilizes an outdated learning model.

Generative AI cannot always provide the correct answers. Did you know that some content from ChatGPT and other writing tools is inaccurate information? This is because AI pulls data from top ranking articles or from what it can find online, so the stats you might see in your content might be inaccurate, outdated, and likely inaccurate. Think about the disclaimer provided in all generative AI results about how it’s “experimental” and users should always fact-check the results.

4. AI lacks emotional intelligence.

AI may be able to simulate human writing, but it lacks emotional intelligence. Human writers and editors can use their emotional intelligence to understand customer needs and write specific content centered around those needs. Emotional intelligence is crucial to successful multifamily marketing, as customers are more likely to engage with a business that understands their needs and values.

5. AI does not know your brand voice.

Every business has a unique brand voice and tone representing its personality and values. Human writers and editors are essential for maintaining and developing a consistent brand voice across all apartment marketing channels. Artificial intelligence tools may be able to write blogs, emails, and website content, but they cannot understand your authentic brand voice. ChatGPT has a lack of context, so AI is not recommended to be used by businesses. The bottom line: Generative AI does not know your business like you do.

6. AI content has errors.

We are all human (except AI, ha!) and make mistakes. But when you rely on an AI writing tool to generate content for you, you expect it to be nearly flawless. Or, at the very least, free from major errors.

I’ve been testing ChatGPT and other writing tools like Jasper.ai for several months and discovered the content is riddled with errors. Everything from run-on sentences and passive writing to missing punctuation and duplicate content.

Consider the below example. Jasper.ai generated the first paragraph and includes a variety of grammatical errors. While these errors are insignificant, they are still errors that would not be there had human-generated content. Then, compare the “After” paragraph, which is the same AI-generated content that was then edited by me (an actual human editor). Notice the difference in the paragraph’s flow, clarity, and readability. 

Although Google doesn’t penalize grammar and spelling outright, the bots that scan your content may find it harder to understand what the page or article is about, which could result in lower page rankings and perceived credibility.

7. AI content is not guaranteed to rank well.

Fun fact: Google doesn’t love AI-generated content. Google did release its own AI writing tool, Bard, so the space may change in the coming months and years, but for now, Google can sniff out AI content a mile away. 

And did you know that Google punishes AI-generated content? That means anything a chatbot spits out will NOT boost your apartment SEO ranking. In fact, it’ll actually hurt it.

How will AI affect search? 

Quality still matters over quantity. Just because ChatGPT can help you crank out more content does not mean you will rank well for those pieces. You need an SEO expert to help you rank and strategize effectively.

ChatGPT content lacks EEAT (expertise, experience, authoritativeness, and trust). You need this in your content to do well in Google search engine result pages (SERP).

Google provides users with TONS of answers to their queries based on SEO strategies, keywords, backlinks, etc.

A chatbot provides one singular answer. Just one answer. How does the chatbot know the ONE answer to that query? Is bias involved? What if they pulled inaccurate information for the answer? Consider these questions when using ChatGPT, Jasper.ai, Bard, and other tools to help generate answers to your queries and content for your blog.

Will AI replace humans? 

No! Remember, ChatGPT requires human editing. Effective apartment marketing requires tapping into the human element, which is something AI can’t do (yet). Natural language processing could change this in the years to come, but for now, ChatGPT is more of a stepping-off point for your content.

Marketers should harness AI to help batch-create content and save time, then use human editing to refine, hone, and detail the pieces. That’s how you create quality content that resonates. The key is to use AI for what it does best and supplement it with strategic human input.

How to beat your competition at the content marketing game.

So … outdated content, factual errors, plagiarism, and no guarantee of good SEO? That’s not a great recipe for your digital marketing strategy if you ask me.

ChatGPT is an excellent tool to start the writing process, but it should be viewed as a jumping-off point rather than a complete replacement for human writers.

There’s no replacement for human ingenuity. Over the next year or so, AI-generated content will explode. ChatGPT has changed everything, and it’s made everyone (including your competition) think they can pump out a bunch of content without their audience noticing.

But what happens when Google evaluates that content? It will notice the lack of originality. It will read like a robot wrote it — because a robot did! That’s what your competition is going to do. And what’s the best way to compete with your competition? Beat them at the content marketing game!

Want to see the effect the human touch can have on your content? Book a call with Criterion.B now. We’ll get started on your customized strategy and show you how to BEAT your competition with real-life, human-generated content personalized to your business and audience. We’re ready to chat and answer your questions!

Exploring the Benefits and Drawbacks of Hiring an Inbound Multifamily Marketing

Should I hire an inbound marketing agency? This is a question that comes up naturally as businesses discover the inbound process.

Inbound marketing is a complex and intensive marketing methodology that offers a strong ROI when implemented but can be difficult to navigate. While several businesses opt to utilize the inbound methodology in-house, many others prefer to employ an inbound marketing agency.

As an inbound marketing agency, we admit to being biased in this area. However, the points can be viewed objectively despite this.

The Complexity of Multifamily Inbound Marketing

To take on a multifamily inbound marketing approach, you must first understand what it takes to run a successful campaign. A campaign is comprised of multiple bits and pieces working together to accomplish a specific goal. That goal may vary but should still utilize the same fundamental resources and tools.

Being fundamentally content-focused, people need clarification on multifamily inbound marketing with content marketing. In reality, inbound is much more complex. This methodology utilizes content but relies on a strategy to target that content and use tools like forms, landing pages, and offers to gather pertinent information from prospects to convert them.  

The success of inbound content, however, is dependent on other aspects. For example, comprehensive knowledge of your buyer persona’s journey and lead qualification for your business is important. Without these factors, your content could fail to attract the desired audience. Or, you may be able to attract the audience but fail to convert and qualify them properly due to asking the wrong questions.

Items like content creation are also heavily dependent on the processes you have in place. Without methods and consistency, you could fail to build a strong foundation. This, in turn, could impact the success of any ongoing campaigns you choose to operate.

What does this mean for your multifamily inbound marketing endeavors? Potentially nothing. Or potentially everything. Several businesses can adopt and enact inbound with great success. Others try and end up using an inbound marketing agency or abandoning this process altogether. The most important factor in your outcome is the level to which you understand the complexities of this strategy.

Taking the Inbound Marketing Agency Approach

If you choose to take the inbound marketing agency route, there are many things to consider:

Pros

• Bringing an inbound marketing agency on board means having a team of experts to help guide and execute your strategy. This often means less error and higher efficiency.
• Hiring a team rather than an individual means having the best of the best to generate your content, including designers, writers, and strategists.
• Utilizing a multifamily marketing agency allows you to focus on other business factors.
• Using a team of experts ensures that all knowledge in the field is current and up to date.

Cons

• An inbound marketing agency has the perception of being more expensive than in-house marketers. In reality, if you require hiring a team to implement your strategy, it might be comparable in cost. However, agency retainers tend to cause sticker shock.
• When working with an inbound marketing agency, communication gaps may exist. An agency will need time to develop knowledge in your field and to execute your needs, as they are away from the office with you.
• Negotiating project scope can be challenging, as agencies must balance their work with other clients. This means that issues may arise when a project is underestimated in hours. This could impact the project and/or your costs.
• Agencies require kick-off time to educate themselves on your industry. They must learn about your company to ensure your marketing system is in place.

Taking Inbound In-House

Taking multifamily inbound marketing in-house can be tempting, but this approach has several positive and negative factors.

Pros

• In-house marketing communication is much simpler and quicker. You will not have to onboard an agency or worry about passing along the correct information. Instead, the team working on the marketing is local and aware.
• Using a marketing manager or a small in-house team means more easily aligning your strategy with other business efforts.
• An in-house team may be able to implement strategy more quickly because there’s no learning curve.
• Your team controls the related decisions, successes, or failures.

Cons

• This type of marketing takes time to learn and even more time to perfect. This can be difficult for a team to start.
• Paying a salaried staff may cost as much if not more, than a monthly retainer.
• If key staff members leave, much training is lost, and replacements may have a different knowledge base.
• Your staff will have a different skill depth than professionals to produce top content and design.
• An in-house team may also be spread too thin, especially starting. Without a full team, your in-house department will likely wear multiple hats.

The Deciding Factor

If things look pretty even to you now, they are. Choosing an in-house team vs. an inbound marketing agency is simple enough for some companies based on their needs. For others, it’s too early to determine which will work best for their company. What is the best thing to do when choosing? Remember your goals, timeline, budget, and plans for scalability to determine which options will meet and support your business.

The True Cost of Doing Inbound In-House

Many businesses need help with the choice of choosing an agency vs. doing the inbound marketing in-house. Some factors impact the success of each option. However, what most businesses need to take into account is cost.

When we discuss cost, we don’t necessarily mean the monetary costs of running a campaign (though that certainly is a component). Instead, we mean non-monetary costs like time, resources, staff training, etc. Knowing the significance of these costs on an organization is challenging when deciding which option is best for you.

To understand this, you must first know what your costs are or will be.

Hiring and Training an Apartment Marketing Team

The highest cost to companies looking to do inbound marketing in-house is staffing. This impacts teams without a marketing department and those with an established one. Businesses’ most significant concern is bringing a team to use a new strategy like inbound or finding the talent to implement it.

If you already have a team, it means spending money on training. And the training and transition of your team to inbound methods can easily take months. It means hiring and onboarding new staff to implement your plan if you still need a team.

Additionally, adding staff salaries is pricey. The national average wage for a marketing manager is $74,532, per Glassdoor. If you hire a director, that salary can cost you $169,058. Then you must account for the rest of the team — designers, copywriters, strategists, and developers.

Factor in the two to three months it will take for onboarding and add that to those costs. Then consider turnover, additional hiring as needed, and additional training.

Quality and Quantity of In-House Marketing

Another factor to consider is understanding the costs related to workflow variance. There are busy times and lulls, which will impact your team’s efficiency and productivity. This can affect the overall return on your apartment marketing investment.

Quality is trickier to quantify or put a number value to directly. However, it is an equally important cost. The quality of your efforts impacts the effectiveness of your strategy. With a newer team, a dip in quality will recover over time but may cost you apartment leads or require additional efforts to meet goals. Ultimately, this means more time spent on the campaign than originally budgeted.

Managing Resources

An inbound marketing agency will have several proven resources, services, and software that are efficient in its processes. Usually, the agency covers these costs and will split and pass the cost amongst each client. However, when doing your marketing in-house, you will be forced to learn which resources work for you and cover the entire cost yourself. This will likely be more than what the agency charges you for its resources.

The reasons for this are widespread. First, you’ll likely have more trial and error associated with these resources as you learn the effectiveness of different tools over time. In addition, while an agency will pay a high cost for a high-level tool, that cost spread among many clients will mean a small cost to you. There’s also the cost of learning and developing processes for a tool. Finally, the time that goes into finding and researching a tool, learning that tool, and training staff is a cost to you.

Know Your Capabilities

While all these costs aren’t necessarily deterrents from bringing multifamily inbound marketing in-house, they are often overlooked. Therefore, when calculating the value of an inbound marketing agency vs. taking it in-house, it’s important to analyze the cost and time factors to determine the true impact on your company. You will only truly capture the differential and determine the most effective method.

Who Should Be in Charge of Social Media for Apartments?

By now, we’ve established that social media is another platform for communication.

Renters want information anytime, anywhere, and they want it at their fingertips. Their need for information is instantaneous, and social media for apartments is the only marketing source to deliver that.

Residents are increasingly connecting with properties online throughout all phases of the renting process, from research to retention. As a result, property managers need to be able to do their jobs online, requiring them to have a certain amount of autonomy. Social media for apartments presents several opportunities for leasing, multifamily marketing, and building relationships. However, it also presents many risks.

A Balancing Act Between Corporate and Property-Level Marketing

Online word of mouth and one bad resident experience can taint an apartment brand. Property managers (not just corporate) must be present, helpful, and interactive on social media to read, respond, and act on any negative resident feedback.

It’s natural for corporate management to want complete control over their properties’ online activity, as doing so would limit risk and maintain consistent apartment brand messaging across all properties. However, this isn’t realistic. 

The key to success in multifamily digital marketing lies within the property managers — they’re the ones who know their residents better than anyone else. They live and work in the communities they serve, and they’re the ones interacting with residents daily.

So, how do we balance apartment brand consistency (corporate level) and local content/personalized service (property level)? The answer is quite simple. It just calls for a little training and education.

Corporate Responsibility: Training

Resident interactions on social media must be handled at the property level. Corporate management needs to take the necessary steps to train property managers. They need to provide resources (e.g., content guidelines, tone), that property managers can customize according to their residents. Employees should feel empowered to communicate on social media — that is corporate’s responsibility.

We recommend providing your properties with standard corporate messaging via a “Voice and Tone Guide” for social media and all content marketing, allowing each property to personalize its content.

Focus on keeping messaging simple and consistent. By providing guidelines for use, you can strengthen corporate apartment branding across all properties while allowing local social media to take the shape of its own at the property level.

The most important thing to remember is that corporate training should be ongoing. Organizations like the National Apartment Association (NAA) make that easy for corporate management to implement.

The NAA Education Institute offers the National Apartment Leasing Professional Program. The course includes six modules, which corporate management can license and provide for employees, either online or in the classroom. The curriculum includes everything from monitoring your online reputation to optimizing content for search engines.

Property Responsibility: Open Communication

Successful training requires an earnest effort from each property and its employees. Without their commitment, an effective digital marketing strategy is impossible to implement.

The property manager must consult their regional or national corporate representative anytime they have questions, feedback, or insight regarding social media use.

Corporate management should serve as a resource for properties and vice versa. Property managers should provide feedback on local apartment marketing efforts (What works, what doesn’t?). They should also be able to ask corporate representatives for help in unfamiliar situations and provide them with insights from their resident community.

Open communication is the key to balancing strong apartment brand messaging on social media with local personality and service.

Tying It All Together

To sum it up, here are some common threads in establishing multifamily brand development and character: A customer-centric approach is essential to the success of any multifamily digital marketing effort, whether that’s differentiating your property, meeting millennial expectations, designing your multifamily website, and so on. The most successful properties are capitalizing on the relationship-building attributes of social media for apartments and intercepting prospective renters in the places they’re already searching.

Technology is fast-changing the apartment marketing environment, and it’s up to you to respond or risk falling behind.

Is the Paradox of Consumer Choice Still Valid?

Do you ever feel overwhelmed by the number of product choices available today? Whether it’s cars or toothpaste, consumers have more choices than ever. Sometimes, all these choices can leave you feeling confused or even regretful when you finally make a buying decision. This idea has been called the “Paradox of Choice,” and it impacts apartment marketing more than you think.

The Paradox of Choice

More than a decade ago, the Paradox of Choice was a popular consumer behavior theory, debunking the old idea that more is better. Instead, more choices — too many, in fact — overwhelm shoppers and create anxiety. Ultimately, these shoppers walk away without a purchase because they could not decide or they feel deep buyer’s remorse: “Ugh, I could have picked something better!”

Consequently, some companies simplify product choices to avoid this conundrum. Think of Apple’s product branding and packaging motif: clean, simple, and minimalistic. The company uses only a limited spectrum of bright colors, and the latest and greatest Apple products and iPhones typically come in up to four quintessential colors, not ten.

Regarding logistics, McDonald’s and several other fast food chains have cut several items from their menus. According to McDonald’s, people take longer to order when an extensive menu holds up lines.

The Internet: More Choices, Easier Decisions?

With smartphones in hand, the internet gives us access to more product choices than ever before. Yet, it has also adapted in wildly creative and efficient ways to help us sort through (literally) millions of options.

The question remains: does the Paradox of Choice still apply? Are consumers still overwhelmed by all the options today — or have “hundreds of options” become a natural part of the consumer process?

Yelp and Consumer Reviews

On any given day, you have hundreds of restaurant choices (overwhelming, right!?). However, today with sites like Yelp, you can capture the opinions of thousands of consumers in a single star rating (e.g., 4.5 out of 5 stars). Read in-depth reviews, see first-hand photos, and check the credibility of the reviewers. With hundreds of restaurant choices in your area, you can then sort and select them based on multiple criteria (e.g., ratings, cost, type of cuisine, etc.).

The “Yelp model” can be found in other forms (e.g., TripAdvisor) and on any retailer site. It helps us quickly sort through countless product options and make an informed consumer decision. Consumer review sites seem to make the Paradox of Choice much less daunting and, for some, quite enjoyable.

Contextual Advertising

With contextual advertising, consumers receive coupons and promotions based on their location. This advertising trend is quickly growing as our GPS location determines which digital ads might be relevant to us.

In theory, ads for nearby businesses can be pushed out to consumers as they get close. For example, a coupon for a local restaurant appears on my phone as I come within the vicinity. That restaurant, for the moment, becomes both top-of-mind and incentivized. As contextual advertising becomes more prevalent, consumers will be served relevant options without even seeking them out.

Equally impressive, geo-tracking also filters search results according to your location. Google’s Shopping tab notes nearby stores and their distances for your items. A hundred places may have your items, but most of us will only consider buying at the stores closer by. We narrow our choices depending on proximity, and geo-tracking helps us do that.

How It Impacts Apartment Marketing

How does the Paradox of Choice impact the multifamily housing market? With so many options available, it can be overwhelming for renters to choose where they want to live. The Paradox of Choice makes it difficult for renters to decide where they want to live and can lead to them becoming disengaged and uninterested in the options available to them. This presents a problem for apartment marketing, creative advertising, and brand development.

To overcome this challenge, creative advertising and brand development in the apartment market must focus on simplifying the decision-making process for consumers. This can be achieved through effective messaging and branding that emphasizes the unique selling points and benefits of each community or building. By highlighting what sets a particular community or building apart from the competition, it can help consumers to see the value in choosing that option.

Additionally, apartment marketing should aim to create an emotional connection with consumers. Using compelling images, stories, and testimonials can humanize the experience of living in a particular community or building. Connecting with residents emotionally can help overcome the confusion and indecision caused by the Paradox of Choice.

Finally, apartment marketing must be flexible and adaptive to changing market conditions to remain relevant and effective. This can be achieved through ongoing research, market analysis, and developing new apartment marketing strategies and tactics.

Is the Paradox of Choice a Hindrance or a Benefit for Multifamily?

While the Paradox of Choice may seem to hinder the multifamily market, it can also have several benefits. Firstly, it creates healthy competition among communities and buildings. With more options available, communities and buildings must work harder to stand out from the competition and offer something truly unique to attract renters. This can lead to better amenities, more creative apartment marketing strategies, and a better living experience for renters.

Additionally, the Paradox of Choice pushes the line of creative advertising in the multifamily market. To stand out from the competition, communities, and buildings must develop new and innovative ways to market themselves to renters. This can result in more creative and engaging advertising campaigns, which can more effectively capture potential renters’ attention.

Finally, the Paradox of Choice offers renters more choices in where they want to live. Renters are no longer limited to a few communities or buildings in their area; they can now choose from various options. This allows renters to find a community or building that truly fits their needs and lifestyle, leading to a higher satisfaction level and a better living experience.

Answering the Big Question

Is the Paradox of Choice still valid with the tools that the internet has enabled? Is having more choices making us more anxious? In the realm of consumer products, we don’t think so. Yes, we have more choices, but we are better at sorting through it all. Ratings, reviews, geo-track: It helps us find the diamond among the rocks of products and services. With so many tools accessible at the click of a button and tap of a finger, more choices mean no problem!

Unlocking the Mystery Behind Email Marketing for Apartments

Email marketing is one of the most effective and cost-efficient ways for apartment communities to reach their residents and grow their email lists. Email marketing lets you stay in touch with your residents, keep them informed about special events or promotions, and increase resident loyalty. 

It’s also an incredibly valuable tool for engaging potential renters who may be interested in leasing in your community. However, email marketing success depends on various factors, including open rates, click-through rates (CTRs), content quality, email design, subject lines, and more. 

In this blog post, we’ll discuss our top email marketing best practices so that you can maximize engagement from your current residents as well as attract new ones.

1. Grow your email subscriber list with lead forms.

Email list growth is key to successful email marketing. You should always use opt-in apartment lead generation forms to encourage people to join your email list. This can be done through various channels, such as email blasts, social media posts, and website CTAs. Additionally, you can work with an email marketing agency that will help you maximize the effectiveness of your campaigns. 

The best way to earn a new email is to offer the person something valuable in exchange. For example, an eBook, guide, checklist, or another valuable downloadable offer can be offered in exchange for their email.

Want to see this in action? Check out our CTA button below! You can click the landing page to see how we have this offer presented, along with our lead capture form.

2. Segment your email list.

Another email marketing tip that can be used to increase engagement is segmenting your email list. By creating tailored messages for different audiences within your email list, you can optimize the content of each email to better suit each audience’s needs. This can result in higher open rates and more relevant content being sent out.

For example, once your email list is large enough, you’ll want to segment the list by current, prospective, engaged, non-engaged, etc.

3. Monitor your email marketing analytics.

Email marketing should be tracked closely to see what is and isn’t working for your email campaigns. You should track metrics such as open rate, click-through rate (CTR), email forwards, and unsubscribes to understand your email campaigns’ performance better. 

Statistics show that email marketing continues to be one of the most successful multifamily digital marketing tactics. Email marketing has significantly risen in recent years. According to Campaign Monitor, email open rates have increased by 6% from 2020 to 2021, and email click-through rates increased by 9%. And email open rates in 2022 average 21.5%; typically, open rates between 20% and 40% are viewed as average.

This clearly indicates that email marketing is becoming an increasingly effective way for businesses and apartment communities to reach their residents.

Pay close attention to email open rates to determine the success of your subject lines. To determine your open rate, divide the number of unique opens by the number of emails sent minus those that bounced. Although it’s not always exactly accurate, open rates provide a good gauge of your engagement over time. If your open rate starts to dip, it’s a sign that you need to review your subject lines or sending frequency.

4. Pack your emails with high-quality, relevant content. 

Never (and we mean NEVER) send an email to send an email. Writing quality content that resonates with your target audience is essential for email marketing success. Ensure that emails are well written and offer valuable information to readers so they will open them in the first place. 

It’s also important to ensure that content is properly displayed on different devices, including mobile phones and tablets since most people now access their emails via their phones. 

5. Don’t stress about your email design.

Email design matters too. But not in the way you think it does.

Designing visually appealing emails with engaging images and colors CAN help keep your email list engaged, but you need to determine what is best for your audience.

What we mean by this is that you don’t always need a fancy email design to build, maintain, and grow a successful email campaign. We’ve tested this theory with designed and visually appealing email newsletters vs. a plain text html email we send to our list. In every occurrence, our email open rate and CTR were higher with the plain text email.

Our theory? People are inundated with emails every single day. Emails flood your inbox and the designed sales emails typically end up in the spam folder. Or, if the person opens it, they quickly delete it if something (the content) doesn’t grab their attention immediately.

Html text emails feel and look more personal. We started sending these emails to our list from one team member. It’s sent as a one-on-one email exchange and garners more engagement than a highly designed email.

So, next time you plan your next email campaign, we recommend A/B testing a designed email vs. html text to see what works best for your audience.

6. Subject lines are critical.

First impressions matter and that’s exactly what a subject line is. It’s arguably the most important part of your email and should talk almost as long to perfect the subject line as it does to write the whole email. 

Attention-grabbing subject lines will encourage people to open your emails instead of sending them straight to the trash bin. We treat subject lines like a landing page: Keep it straightforward, pique your audience’s interest, and don’t overwhelm your audience.

Here are a few things we’ve learned from A/B testing email subject lines:

• 60 characters MAX or no more than 9 words.
• Most email subject lines are 41-50 characters long, but the true sweet spot is 25-30.
• Punctuation is not needed.
• Sentence case is favorable.
• Emojis can be added but they should be done with intention.
• Emojis at the beginning of your subject line tend to perform better than at the end.

Our most popular subject lines:

• 3 keywords for more lease traffic
• 🚨Property SEO mistakes to avoid
• Win Yeti merch in 5 minutes
• Potential renters will love to see THIS
• Are you using this type of ad?
• This will keep leads on your website longer
• Increase open rates with this 1 tip!

After 4 months of A/B testing email subject lines, we’ve increased our overall open rate per email from 10% to 20%. Specifically, our five best-performing subject lines all had an open rate of 25%-30%.

7. Invest in email marketing automation software.

The final tip we suggest when it comes to email marketing is email automation. Automating email campaigns can save apartment communities time and money while also providing a more personalized experience for users. The key here is to provide targeted content at specific times to maximize the impact of your email marketing campaigns.

You can use platforms like Campaign Monitor, MailChimp, SharpSpring, HubSpot, and many more to help you automate your emails. The goal of automation is to make sure no lead is forgotten. You can create email workflows triggered when someone signs up for a property tour, fills out a contact form on your multifamily website, or clicks on a link in one of your email blasts.

Email marketing software will also make tracking your analytics and A/B testing content a breeze.

Get the Most Out of Your Email Campaigns

Email marketing can provide great results for apartment communities — if done correctly. Email offers an incredible opportunity to engage with current residents, attract prospects, and build renter loyalty. 

By following email marketing best practices and taking advantage of email tracking data, you can get the most out of your campaigns and see positive outcomes for your property.

4 Things You Likely Didn’t Know About Multifamily SEO

There is no shortage of competition within Google’s SERPs in the real estate industry. As you niche into subsections on real estate, the competition becomes even tighter. Property management companies in the multifamily space must fight tooth and nail to reach the top of Google’s rankings and keep their position. With such intense competition amongst property managers online, you must have a clear plan on how to master SEO. The more relevant keywords your multifamily website shows up for, the more potential business you ultimately interact with.

Today, we will bust four surprising myths about multifamily SEO that you might be uncertain about.

1. No-follow Links Don’t Matter

Since many people within the multifamily SEO space would argue that backlinks are the most important ranking factor, it makes sense to start here. The last time that you had the opportunity to get a no-follow backlink pointing back to your site, did you accept? It is a myth that no-follow backlinks carry zero weight. There have been statements made in the past from people within the SEO space that no-follow links don’t pass domain authority. Many people stop here and don’t look any further.

While no-follow links do not pass domain authority, they do pass other great SEO signals that can help your apartment website. Additionally, large website publications like Business Insider only give out no-follow links. Suppose your property management business gets a link from Business Insider talking about how great and relevant you are to the multifamily industry. In that case, Google will see that as a great thing! You’re likely to experience a boost in rankings even though the link is set to no-follow. Although they don’t pass direct authority, plenty of other SEO benefits are passed, making these worth pursuing.

2. Viral Content Isn’t Worth Chasing

Google considers website traffic a huge ranking factor when ranking real estate companies. One way to get a huge surge of traffic is to create a viral piece of content. For example, property management companies of large multifamily buildings have created a funny, parody-style music video showing their property to potential tenants. Another common example of creating viral content is when people need to sell a house in the luxury real estate market. Real estate professionals will record flashy drone footage highlighting a mansion sitting on a massive estate. These eye-catching, memorable videos ultimately draw traffic to the website, which helps boost apartment SEO.

The cherry on top of making viral content is when the content is relevant to the local community where your property is. Not only will your multifamily website catch real, local traffic by legitimate internet users on legitimate IP addresses, but you also may generate a few apartment leads from it. Attempting to create viral content seems overwhelming at first. It’s hard to know where to start. If you can crack the code and generate something truly special, you will boost your multifamily website’s rankings and generate apartment leads.

3. No One Reads Anymore

The myth has some truth to it. Many people do not read anymore. However, some people surprisingly still do. That’s why creating meaningful, relevant, and useful content on your apartment website is important. Your goal is to create useful guides that address the needs of your target audience. Offer solutions to their needs, or at least useful perspectives, through engaging content.

You don’t have to only use words for your content. Switch things up and include videos, infographics, and other engaging features that you can include on a page. This will help keep users on your multifamily website from bouncing. If people leave pages once they arrive, it signals to Google that your site might not be that good. Keep your content relevant, engaging, helpful, and diverse.

4. Pictures Don’t Matter

A picture says one thousand words, right? Pictures matter in SEO for several reasons. The quality of the photo is important to gain trust and credibility once someone hits your site. If you’re using too many stock photos, that will turn people off, and they will likely bounce. Add photos of your property to help encourage people to rent from you.

Pictures also play a role in your local SEO efforts. Google picks up geotags from photos depending on where they were taken. Depending on how the image was transferred, saved, edited, or added to the site, it could remove the geo-tag. For property managers that want to show up for local keywords, it’s important to have geo-tagged photos throughout your multifamily website. That tells Google, in the background, that you are a legitimate, local business and not a scammer.

Multifamily SEO Is a Moving Target

No matter how much you dial in your multifamily SEO efforts, new algorithm updates will emerge, and things will change. Google has a great way of keeping multifamily marketing professionals on their toes. As you dismiss myths within the online space, new ones will arise that you’ll be forced to create an opinion on. Test and measure things as often as possible without breaking your website. This will help you improve your website’s health, SEO, and rankings.

Jenn is an experienced writer for the real estate industry and a house flipper. If she’s not swinging a hammer, she’s either writing about different real estate topics or reviewing investment property opportunities.

How to Convert Apartment Leads Into Leases Using Your CRM

Sales are all about converting apartment leads into residents. And a CRM (customer relationship management) system can be an invaluable tool for making that happen for your property. 

You can improve your chances of converting leads into leases by tracking apartment leads and resident interactions. Key features to look for in a CRM include apartment lead management, multifamily email marketing automation, and contact management.

Apartment lead management is important for monitoring prospects and keeping track of their progress. Multifamily email marketing automation can help you nurture leads with automated email campaigns. And contact management can help you keep track of resident interactions and follow up with them effectively.

When it comes to multifamily marketing, these CRM features can be extremely helpful in booking more property tours. By using a CRM system, you can better manage your apartment leads, automate your email multifamily marketing, and keep track of resident interactions. This will all lead to more sales and a higher conversion rate.

That being said, not all CRMs are created equal. Some CRM features are more helpful than others when it comes to conversions. 

Here is a closer look at what our team views as the most important CRM features for conversions (and what we use every day in our multifamily marketing efforts!): 

1. Customizable lead capture forms

A good CRM will allow you to create custom lead capture forms that fit your needs. This is important because you want to ensure you’re capturing all the information you need from potential customers to follow up with them effectively.

Custom lead capture forms are online forms that allow you to gather leads for your multifamily property. By collecting contact information and other key data points, you can nurture leads through the sales process and ultimately convert them into residents.

There are several features that can be included on custom lead capture forms, but some of the most important for conversions include the following:

• Property type: By asking leads what type of multifamily property they’re interested in (e.g., apartments, townhomes, etc.), you can ensure that you’re marketing to the right audience.
• Budget: Collecting budget information helps you qualify leads and determine whether they can afford your multifamily property.
• Location: Knowing where your apartment leads are interested in living helps you target your multifamily marketing efforts and ensure that you provide relevant information.
• Contact information: To follow up with leads, you’ll need to collect their contact information (e.g., email address, phone number, etc.).

By including these key data points on your custom lead capture form, you can increase the likelihood of conversion by ensuring that you’re marketing to the right audience and providing relevant information.

2. Lead scoring and grading

A lead scoring system will help you determine the most promising leads, so you can focus your energy on converting them. This is important because it allows you to prioritize your time and resources and increase your chances of making a sale.

If you have access or interest, marketing automation software offers lead scoring to qualify your apartment leads. Lead scoring involves tracking any lead in your CRM across your multifamily website. With lead scoring, you can ascribe value to different blogs or page views, offers or email interactions. When a lead reaches a certain score, decided on by your team, they become sales qualified.

3. Automated follow-up

Automated follow-up is one of the most valuable features a CRM can offer. Once an apartment lead has been captured, it’s important to follow up with them as quickly as possible. An automated follow-up system will ensure no potential sale slips through the cracks. It allows you to set up automatic email or phone reminders to follow up with apartment leads, so you never miss an opportunity to convert them. 

For example, you will want to set up automated follow-up emails for anyone who fills out a form on your multifamily website to book a tour, contact your leasing team, or if they download any of your free resources.

Don’t forget to use personalization tokens in the body copy of your email to ensure your message is catered to the specific resident. However, be cautious with personalizing your subject lines, as recent studies found that emails with personalized subject lines get lower open rates (18.79%) than those with generic ones (22.14%). Further, the personalized subject line click-through rate was 1.74% versus 2.74%. 

4. Detailed customer profiles (AKA get to know your prospects)

The more information you have about a resident, the better equipped you are to provide them with what they need and want. A detailed resident profile will include contact information to lease history and interests. 

This profile can also help you refine your resident buyer persona. Potential residents should never be looked at as an entry in a database or a contact in a CRM. Multifamily marketing messaging is meant to connect and provide powerful content that is useful and relevant to their problems. All the while, it’s helping transform your properties through real and honest data. 

What renters perceive is reality to them, which is why it is important to ensure your residents feel comfortable and welcome at your property. This requires properties to anticipate the needs of community members, and the best way to do that is to get to know them.

Qualifying your apartment leads to increase conversions

Just because a lead is sales-qualified does not mean they are a good fit. As a multifamily marketer, you’ll likely never know if a lead meets sales’ needs. That requires sales to engage with the lead first. Instead, it’s imperative to use lead qualification methods to ensure your apartment leads are qualified from a multifamily marketing perspective and ease sales jobs on the rest. 

With the right CRM tool and marketing automation software, you can more easily determine who your hot leads are and take action, so no sales fall through the cracks. Or, you can use this information to nurture those leads to eventually become leases. Ultimately, with the right tools, you’ll be well on achieving your leasing goals.