Pre-Training Ticket
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Pre-Training Ticket
table of contents management 3-10 Management Focus: Management Ideas From Across America Resident Service: Setting A New Standard by Tami Siewruk The ABCs of Ancillary Income by Shawna Brynildssen In The Management Spotlight: Pamela Shubert Setting A New Standard For Resident Service page 6 marketing 12-17 Marketing Focus: Marketing Ideas From Across America Mini-Models: Making Your Focus Units Look Like Home by Rick Ellis, CPM In The Marketing Spotlight: Kate Good training 18-22 Make Your Focus Units Feel More Like Home page 16 Training Focus: Mapping the Moments: Using the Accelerated Learning Map by Sharon Bowman Training Ideas From Across America In The Training Spotlight: Donna Olson on-site 23-28 On-Site Focus: Training Ideas From Across America page 20 Survey Says…Enhance Value to Reduce Resistance to Rent Increases by Doug Miller On-Site Ideas From Across America In The On-site Spotlight: Gerry Hunt extras 29 Upcoming Events Marketplace Resources Increase Rent Without Resident Resistance page 23 Multifamilypro (formerly Sales & Marketing Magic for Apartment Professionals) is published six times a year, and is available by subscription only. Copyright 2003 The Sales & Marketing Magic Companies, Inc. ISSN#1078-1412 Reproduction of any portion or the entirety of this magazine is strictly forbidden without prior written permission from the publisher. This publication is designed to provide information in regard to the subject matter covered. It is sold with the understanding that neither the editor nor the publisher is engaged in rendering legal services. If legal advice or other expert advice is required, the services of a professional person should be sought. For subscription information, letters to the editor, comments or suggestions, please write, email or call: The Sales & Marketing Magic Companies 36431 U.S. Highway 19 N. Palm Harbor, FL 34684 Telephone: 800-363-7384 Fax: 727-784-7978 email: [email protected] Website: www.Multifamilypro.com Chief Imagination Officer Tami Siewruk Director of Order, Reason and Reality Barbie Figueroa Director of Making Stuff Work Monique Guion-Kimball Director of Getting Stuff Done Now JoAnn Follert Director of National Sales Jennifer James Director of Making Stuff Look Good Leslie Zane Director of Getting Stuff to the Right Address Jeff Marriott T his issue of Multifamilypro is all about ideas. From coast to coast and from cover to cover, we've filled our pages with fresh ideas for you to put into action toward increasing your bottom line, decreasing expenses, increasing traffic, training and inspiring your team, improving performance, retaining residents, and much, much more. They represent some of the latest and greatest thoughts, tips, tools and techniques that came to us from the Annual Multifamily Housing Brainstorming Sessions™ and the Brainstorming Idea Exchange™, the Multifamilypro.com Idea Bank, via email from our readers and web site visitors, and even old fashioned word-of-mouth; and now they're all yours! We hope you'll drop us a line at info@smmonline from the editor to share how well they work for you. While we're enjoying the holiday season with our families, Team Multifamilypro is also busy gearing up for another fun and exciting year to come. We have a lot to celebrate and be thankful for as we prepare for Brainstorming 2004 EAST in Atlanta on April 29th through May 1st. We're looking forward to the thousands of new, innovative ideas that will take shape at our next two events! Log on to www.Multifamilypro.com/ brainstorming.htm for all the latest on Brainstorming EAST and WEST in 2004, and be sure to register while seats or exhibit opportunities are still available. The coming year of Multifamilypro has a wealth of fresh information in store, with topics including employee motivation and retention; specialty housing; presenting your community; climbing the corporate ladder, preparedness, and even more amazing ideas, so stay tuned! And now, friends, I can’t close the last issue of 2003 without paying tribute to a very special woman. On August 23rd our industry suffered a great loss. Gloria Tibbs came to the end of a seemingly fearless battle with cancer. As many of you know, many of our events are themed; and I’ll never forget the sight of Gloria entering the room in a costume that spoke volumes about her spirit - she was dressed as Wonder Woman. This wonderful woman will be deeply missed. Wishing you happy holidays, a new year full of amazing ideas, and may all your challenges find solutions! Tami L. Siewruk Tami Siewruk is the Chief Executive Officer and President of Siewruk Development Corporation, the Chief Imagination Officer of The Sales & Marketing Magic Companies, and the Editor in Chief of Multifamilypro, based in Palm Harbor, Florida. Her companies specialize in providing the multifamily housing industry with the most current leasing, marketing, management, and training information available. Look for the throughout this issue for suggested resources that we’ve provided to help you put these great ideas into action! 2 Multifamilypro Management Ideas From Across America By Tracey Downey Create an expiration planner that breaks out each floor plan by month. Look at the status daily and expirations for next 60 days, analyze your inventory, and price each unit based on availability and length of lease term. You'll never have to tell a prospect that you don't have a particular lease term available because everything you have to offer can be priced from monthto-month through 12 months. service providers who can help your employees manage many of their important personal issues, such as elder and child care, legal services, automotive products and services, travel, etc. Inform your employees of these benefits at orientation, via email and with company newsletter reminders. Be sure to let everyone know each time a new provider is added to the list. The more discounts you can offer your employees the better! for your company provides them with thousands more than their gross salary's dollar value alone! Phone Line Discounts By Richard Ask your local telephone company if they are willing to offer a discount for your leasing center, fire service lines, etc. Currently you can negotiate 10-20% for a multi-year commitment. This can amount to $50-$500 per month depending upon the size of your community. ? Did you know that many communities have one to two telephone lines per building dedicated to their fire systems? For expert help in optimizing your pricing strategy, contact Bravo Strategic Marketing by calling (775) 786-4242 or visit them online at www.bravostrategicmarketing.com. Corporate Discounts Make Great Benefits Security Deposit Forteitures By Suzanne Dennis If you are working in a tight labor market and are looking for quality, innovative programs to incorporate into your benefit plan, corporate discounts are a great "no cost" benefit you can offer your employees. Many of your vendors probably already offer your employees discounts on their services and products (furniture providers, cleaning services, flooring companies, etc.). Create a method of distributing this great benefit to your employees and remind them of why they work for your great company. This is a great way to make your benefits package stand out in the crowd, and also increase employee loyalty! Initiate the program by asking current vendors to put in writing any discounts they offer specifically for your employees. Contact additional management Uniquely Price Every Leasing Transaction By Sandy Avery The Dollar Value of Benefits By Tamara Bondurant When hiring and interviewing, present the prospect with a worksheet, printed nicely on corporate letterhead, which indicates approximately how much your company's benefits (i.e., health insurance, holiday bonus, dental, stock, 401K, etc.) will add up to in monetary value. Each sheet should be customized with the prospect's name, family status (for health insurance choices), and proposed salary. This can help your prospective and current employees to value their benefits by seeing just how much they're worth, and that working Here's one more reason why a digital camera is a good investment for your community. When conducting moveout inspections, we have our team take digital photographs of the condition of the apartment and any damages they find. We then print a copy of the photographs and attach them to the security deposit disposition form. This can be mailed or emailed to the resident so that they can see why they're being charged for certain items. We began implementing this program several years ago, and have since seen a dramatic decrease in the number of calls regarding forfeitures. Additionally, parents or lease guarantors (and their attorneys) can also see the damages. Now, when a parent or attorney calls, the first thing we ask is whether or not they Visit our website at www.Multifamilypro.com to subscribe or call 800-363-7384 3 management have seen the pictures. If they haven't we ask them to please look first and then call us back if they still have questions - those second calls rarely happen. Stop Giving $$$ Concessions By Brad Marting Here's how one decision on how we managed our concessions made a positive difference in our image and our bottom line. We are in a heavy concession area (who isn't?). Free rent had become the status quo, with only how many months being the variable. We made the decision to stop all rental concessions, and instead, give each leasing team the authority to spend up to one month's free rent in the form of personalized items for the resident (i.e. an LCD monitor, computer, or other item for their personal use - not the typical ceiling fan or decorator upgrade for the apartment home). Leasing professionals were also authorized to ask the resident what they would like, but they were no longer allowed to offer cash or free rent. The selected gift item was presented to the resident, upon signing the lease, in a gift-wrapped package. Our success was at least fourfold: leases increased above our average for free rent promotions; we gave residents a reason to think of us often (each time they use the gift that they received); we stood out in a crowd where free rent was the norm; and the leasing team realized for the first time that there are alternatives to free rent or cash giveaways. We didn't spend anything more than we were already giving away on free rent concessions, but we spent it more wisely, and that made all the difference! 4 Multifamilypro Educate Your Service Staff "Leasing Professional" (or Leasing By Dawn M. Cook Agent, Leasing Consultant, Leasing We held our first annual Service Supervisor Meeting, where we introduced the service staff to their NOI and explained to them how their jobs affect the company's overall success. We actually showed them profit and loss statements (P&Ls), how they flow, net operating income (NOI) charts, etc. Whatever), what do you think your new employee is going to do? Lease apartments, right? Of course - especially if they are paid a leasing commission for each lease that is written! A lease = commission = money. So, what happens when a resident walks into the office? No lease = No commission = No money! (Yes, I know you pay them a salary for doing all that other stuff, and my experience is that they don't focus on that - they focus on writing leases!) The solution? Step One: Get rid of the job title/ position called Leasing ________ and start hiring customer service representatives. Do you have a leasing manager? Great - now they are the customer service manager. Step Two: Get rid of leasing We asked them to go back to their commissions. Raise your base salary communities and ask their property by the amount that they would have supervisor to show them their commu- made in a good month in commis- nity P&Ls so they could see if they sions, and get them focused on anyone were meeting their NOI. Our service team now knows how important the NOI is and how they can help achieve their community goals. They also feel like a part of the team. They were so excited! Several have already asked when the next meeting will be. They want to learn more; and not just about maintenance, but the whole process! who walks into the office, not just the Get Rid of All Your Leasing Professionals! By Douglas D. Chasick CPM, CAPS, CAS It's about human nature - if you hire someone to fill a position called non-residents! (And what's the deal with these leasing commissions - you hire someone to lease, pay them a salary, and then give them a bonus when they do what you hired them to do? I guess you also hire maintenance employees, pay them a salary, and pay them a bonus every time they complete a service request, right? Of course not! Implement an incentive/ bonus plan that rewards everyone equally and watch your NOI grow!) Try it - it works! management P R spOtlight Pamela Shubert Vice President of Property Management Dominium Management Services, Inc. Located in: Minneapolis, MN Responsible for: Approx. 5,000 Apartment Homes Years in the Apartment Industry: 17 What does it take to be the best? Dedication and a passion for what you believe in, and what you are doing. What performance tip or suggestion would you offer to someone who's just starting out in your field of expertise? Don't be afraid to take a step back or a lateral move if it will give you exposure and experience in another market or different product type, with a new housing program or a new company. This industry is everchanging; and you have to be open to new ideas, new technology, and new ways of thinking, or you’ll find yourself left behind or “in a rut.” What is your favorite idea, tool, tip, or technique? It’s a tried-and-true favorite: microwave popcorn! Among its many flexible uses are: · Outreach: print labels in your office to place on individually wrapped packs to read "Just popping by to let you know about the best apartment living in town!" · Resident appreciation: include a free video rental coupon with a couple of bags of popcorn and a note or label that reads "Just popping in to let you know we appreciate you! Enjoy a movie and popcorn in the comfort of your own apartment home - compliments of our staff!” · Renewal: it’s a great renewal reminder when you include an invitation to a renewal movie night in your clubhouse, or to “pop in” to the office to sign a new lease. · Chocolate bars, bottled water, etc. are equally flexible with a good dose of imagination, a color printer, and lots of labels. There’s no end to how you can personalize your message! Visit our website at www.Multifamilypro.com to subscribe or call 800-363-7384 5 management Resident Service: Service Setting a New Standard By Tami Siewruk Ask any number of multifamily housing professionals about the importance of resident service, and you will receive the nearly unanimous response: good resident service is critical to our success. It seems that there is little or no argument on this point; and neither is there any shortage of information or opinions on the topic. It's addressed in virtually every industry publication you read or at every industry conference you might attend. It's not only our industry's executives and managers who are getting an earful. Good resident service is typically preached to front-line, on-site staff in training session after training session, backed up by such scary statistics as these: · 69% of residents leave their community for peoplebased reasons. · A dissatisfied resident tells 13-16 people about his or her experience. It would stand to reason that with all the emphasis placed on it, excellent service would be the rule in our industry. To the contrary, poor resident service continues to be a consistent problem. If you doubt this, try asking a focus group of residents for examples of good and bad service. You will probably find that they can recall two or three examples of bad service for every one example of good service. Of course, this could be due to negative experiences causing stronger, more memorable emotions than positive experiences; but that's not really much of a consolation. Let's face facts. Perception is reality when it comes to resident satisfaction. Who's to Blame? Front-line staffs are usually the ones who take the heat for providing poor resident service, since they are the ones who actually interface with the residents. In meetings, it is not uncommon to hear multi-site managers or vice presidents lament, "What's happened to our staff these 6 Multifamilypro days…can't they think for themselves?" or "You just can't find good people any more." Certainly, front-line staff can be at fault for resident dissatisfaction. Some employees respond to residents in a programmed manner, showing no real emotion or interest; go through the motions of the job, doing absolutely no more than what's required; or some won't even do that much. Though front-line indifference might seem to be the cause of a problem, sometimes the root cause of resident issues can be traced to higher levels of the company's hierarchy. This is especially common in companies where mergers, takeovers, and redundancies have eaten away at the corporate culture, causing values and objectives (like providing superior service) that may have once driven the organization, to become diluted. When this occurs, team members at all levels can cease to identify with the company's aims and begin looking out for themselves. This possibility might not be openly acknowledged among employees, but when it happens, it's usually all too evident in office politics, finger pointing, and the withholding of information. In this kind of a corporate culture, it can be downright risky to put resident service first. We know from experience that a multi-site manager who wants her on-site teams to provide truly excellent service must empower them to make decisions on the fly, even if it means making exceptions. When a company values "playing by the rules" more than service, the manager who values her job will "play by the rules," even if it means giving sub-standard resident service. The rationale is that a dissatisfied resident is better than a dissatisfied boss, and taking care of the resident becomes secondary to taking care of oneself. Employees on the front lines quickly get this message from the behaviors and attitudes of their superiors, and they pass it along to residents: taking care of you is secondary to taking care of me. Changing the Mindset Conveying this message to your residents is nothing less than disastrous. It's the exact opposite of excellent service. To truly serve another person, you must put his or her needs before your own, albeit for a limited period of time. This is already difficult enough for our front-line teams to accomplish because our society trains us to be assertive and aggressive in getting what we want rather than putting others first. It's virtually impossible for your team to overcome the natural impulse to self-preserve in a corporate culture that has embraced the "me-first" mindset. To really provide excellent resident service, we have to learn to think differently. It's not enough to just parrot the company's commitment to service or to train on-site teams to "handle" residents. The task is twofold: to teach a service mindset where resident's needs are put first, and to lead by example. From the top down, your company must be one that believes in and demonstrates compassion, discipline, and self-awareness through personal and professional development. Armed with these tools, frontline employees must be empowered to serve residents, and be held accountable for doing so. Most importantly, this new mindset must be cultivated, monitored, and managed at all levels of the company. Not Easy, But Worthwhile Reculturing a company to have a service mindset is not an easy task. It takes courage, commitment, and just plain hard work. It may meet with resistance from those who are deeply entrenched in the "look out for number one" mode and are hesitant to take responsibility for providing excellent service; but with time and effort, you can shift your company from a me-first to a resident-first perspective. If you do, the rewards will be great. With so many communities offering nearly identical accommodations, amenities, and rates, resident service is fast becoming the main competitive advantage. By training your organization to put resident needs first, you can offer the kind of unparalleled service that will both attract and retain! management Service Service Service Service Where do I begin? 1. Conduct an audit. Identify areas of service strengths and weaknesses, and examine the implications of shortfalls in service standards. Also, test out the climate for change. Evaluate how it will be received, and who will support it, oppose it, or sit on the fence. Identify the issues and concerns of the on-site teams and look for ways to address them. 2. Develop a resident service strategy. Use market research to determine what each community should be offering its residents. Conduct a competitor analysis, analyze trends, and review past and present images of the community as perceived by residents. Consider the opportunities, and consider how each community can best be positioned to take advantage of them. 3. Train for service. Review existing processes, procedures, skill sets, and levels of team accountability, then develop a training and communication program that's based on resident service. Promote the communities as champions of resident service to both the on-site team and the residents, and keep your on-site teams informed of progress on the new initiative. Be sure that training encompasses the higher levels of the company as well. Multi-site managers, in particular, will need to model the behaviors they wish to cultivate in their on-site teams. 4. Provide ongoing support. To keep the new initiative from becoming simply the "flavor of the month," build in a system of rewards to reinforce new behavior. Plan for and monitor gradual, sustained improvements over a twoto three-year period. This will ensure that the new service ethic, culture, and skills become fully integrated. 5. Review hiring and recruiting practices. Be sure that HR understands the new service ethic and is hiring accordingly. It is easier to recruit employees who already have an aptitude for resident service than to "reculture" those who don't. Visit our website at www.Multifamilypro.com to subscribe or call 800-363-7384 7 management The ABCs of Ancillary Income By Shawna Brynildssen So you've trimmed your operating costs to the bare bones. You've raised rents as high as you dare. You've done everything you can think of to lease those vacants. Now what do you do if your bottom line still needs a boost? Maybe it's time to pay more attention to non-rent income. You may be surprised at the amount of extra revenue you can generate and at some of the clever ways you can go about it. To get you started, we've put together a list of ideas, from A to Z! a Appliance rental. Does your community have washer/dryer hookups? If so, why not rent the washers and dryers themselves for a monthly fee? Many apartment residents would love the convenience of having these appliances in their apartment, but aren't willing to purchase them. According to Cathy LaPrade, H.H. Hunt Property Management rents its residents washers and dryers for $35 per month. The cost to the company is only $18 per month. You can also rent smaller appliances, like vacuum cleaners, microwave ovens, and televisions. Ambling Management Company, of Kent, Ohio, allows its residents to rent vacuum cleaners for a $5 fee. Ads. Sell advertising space in your resident newsletter or community intranet to local restaurants and merchants. Many of them may be happy to pay reasonable rates for such geographically targeted coverage. You might also consider selling wall space in your laundry rooms to local advertisers. b Boat Parking. Faye Morgan, of Benchmark Management, shared this great idea with us. One of her properties had a large, unused area where grass didn't grow well, so the quick-thinking management decided to turn a problem area into an opportunity for revenue! They filled the area with white rock, and designated it as a "recreational vehicle parking lot." For $20 per month, residents can park their boats, trailers, campers, jet skies, and so forth. Faye reports that the parking area currently brings in between $160 and $220 each month. c also be marketed to residents who are having guests from out of town. d DVD and Video Rentals. You can either maintain your own library, or contract with one of the several vendors who specialize in this amenity. Don't forget to establish a late fee policy to maximize earnings! resources Woodland Entertainment - www.woodlandent.com call: 800-875-3797 Amenity Services - Movies & Games www.moviesngames.us or call: 850-654-9889 Video Rental Services - www.videorentalservices.com call: 800-475-5184 e Equipment Rental. Think of things your residents might do periodically, but not often enough that they want to maintain their own equipment for; then put together rental packages to provide that equipment. For example, if outdoor recreation is big among your residents, consider renting sports and/or game equipment (i.e. hiking gear, camping gear, tennis racquets and balls, lawn game sets, etc.). Other kinds of "equipment packages" you might consider renting could include car-washing equipment (vacuum with attachments, bucket, hose, sponges, chamois), cleaning equipment (vacuum cleaner, broom, mop, feather dusters, cleaning supplies, and rags), or barbecue equipment (grill, utensils, etc.). f Furniture. Furniture rental can be especially lucrative, because it can pay twice. That is, you typically get a commission from the furniture rental company in addition to the rental income you make from the resident. resources Aaron Rents - www.aaronrents.com Swingles Furniture Rental - www.swingles.com call: 1-888-SWINGLES Cort Furniture Rental - www.cort1.com call: 1-888-669-CORT Brook Furniture Rental - www.bfr.com call: 1-800-933-RENT g Garages. Garage or carport space is usually an easy sell, even at high prices, and especially in regions that get lots of ice and snow in the winter. Monthly fees of $100 and more are not uncommon. Cleaning. Use your housekeeping staff to boost your bottom line! Offer your residents fee-based cleaning services. Guest Amenity Passes. Charge residents a small fee for a pass that allows their guests access to the property's amenities (like the pool, tennis court, or the fitness center). Fees might range from $5-$10 for a weeklong pass to $3-$5 for a day pass. Corporate Suites. Many properties maintain fully furnished apartments that can be rented by the day for anywhere from $50 to $100. These can be marketed to local employers, who may need them for out-of-town employees who need to be on-site for several days or weeks. They can High-Speed Internet. Dial-up is quickly becoming a thing of the past, and residents are willing to pay extra for the convenience of a high-speed connection. 8 Multifamilypro h resources Tut Systems, Inc. - www.tutsys.com Roadrunner by Time Warner - www.roadrunner.com j Jukebox. Put one in your clubhouse, with speakers both inside and outside, around your pool area. Fill it with good music, and let residents drop quarters in to listen to their favorites. resources Check out the next generation in jukebox - el dj (extra large digital jukebox) - www.eldj.com. k l Kiosks. Do you have lots of unused space in your lobby or other common area? Why not install a kiosk, similar to those found in hotel lobbies? Rent the space to a vendor, like a newsstand, coffee shop, pastry cart, etc. Location. A number of the folks we surveyed charge extra for more desirable apartments, including those close to the pool or with especially good views. For example, Brookwood Apartments, of Archdale, North Carolina, charges an additional $20 per month for units with a poolside view. Labor. Let residents "lease" one of your maintenance techs for an hour or so, to help with minor household work like hanging pictures, moving furniture, or wiring the electronic equipment. m Mortgage Verification. According to Claire Moyers, there is ancillary income to be made even from those residents who leave us to buy homes. Her company, Focus Management, charges a $100 fee for mortgage verification. Claire says that residents are notified about the fee up front, in a lease addendum. She also notes that most residents don't complain, because their mortgage companies usually pay the fee. Meeting Facility Rentals. Does your property have a good meeting facility? Does it often sit empty? If so, open it up to local groups who need a place to gather. Check rental prices for comparable spaces in your area to determine how much to charge. n Non-refundable Deposits and Fees. Non-refundable pet deposits have been in use for a long time. Now properties are discovering that the concept can be used in other ways as well. For example, Brookwood Apartments charges a $100 non-refundable amenities fee. Brookwood's Property Manager, Nahla Somogyi, says that selling the fee to residents was challenging at first, but her staff eventually found the right o Office Services. Charge residents a small fee for using your fax and your copier. You might also keep a stash of office supplies, like large mailing envelopes, copier paper, stamps, and whatnot, to sell. While this won't generate tons of revenue, it is a nice extra! resource Buy stamps online! www.usps.com management i Increased Fees. Take a look at what you are currently charging for applications, late rent, bad checks, etc., and see if you can raise them by a few dollars. It may not sound like much, but it adds up! approach. The fee currently generates around $1,000 income per month, making it well worth the extra trouble! p Pets. By now, everyone should be aware of the income-generating potential of critters…but just to recap: Nonrefundable pet deposits and monthly pet fees can add up to serious extra income. In addition, some communities now offer pet care services, like feeding and walking, which are billed on a per-day basis. resource If you accept pets, become a People With Pets Community - www.peoplewithpets.com Plant Care. Some of the same communities offering pet care are also offering plant care. For around $5 per day, residents can have their houseplants and flowers tended to while they are away. Poolside Service. Earn extra points and cash by making your residents feel like they're at a resort. Have a poolside stand that provides beverages, snacks, tanning lotion, towels, floaties, etc., for a fee. q r Quick Stop Market. Joanie Milar, of Flournoy Properties, says some of her properties maintain their own mini-convenience stores, selling sundries and snacks during regular business hours. Relocation Services. The average new resident has to conduct a large number of business transactions during the move-in process (set up phone, cable, utilities, renters insurance, etc.). You can make life easier for them and generate extra income by offering to handle the various relocation transactions for a fee. While you're at it, how about offering other move-in assistance such as providing packing supplies or arranging for moving trucks or vans. resource Become a MoveForFree.com Property - now serving the major Texas markets, and growing fast: http://management.moveforfree.com/ Referrals. Squeeze some extra income out of residents you lose to home ownership! Establish a program with local builders and/or realtors, under which your community gets a referral fee for any business you send to them. s Storage. One of the well-known drawbacks to apartment living is the lack of storage space which is why many residents are quite willing to pay for any extra Visit our website at www.Multifamilypro.com to subscribe or call 800-363-7384 9 management storage you can offer them. Look for areas of your property that are currently unused, and convert them into storage. The monthly rate you can charge will depend largely on the size of the storage space you are offering; rates between $1 and $2.50 per square foot are not uncommon. resource The Noble Locker Company: http://www.thenoble-locker.com/condo_locker.htm or call: 1-800-209-8798 y Yard Sale. We're all familiar with "leftovers" - those odds and ends residents leave behind when they move out. Sure, sometimes it's just junk. But one man's trash is another man's treasure. Store anything that might be worth selling, and have a big community yard sale once each year. You can make your sale pay off even more by allowing residents to purchase "booth" space and sell their own items. z Satellite TV. You can structure this as either a monthly fee, included with the rent, or as an up-front fee, built into the move-in costs. resource DirecTV® for your property call:1-800-383-4388 t Trash Pick-up. A number of companies are currently charging for door-to-door trash pickup. Fee structures vary, with some companies charging by the bag ($5) and others charging a flat monthly fee ($10 to $15). Tanning. Add a tanning bed to your fitness center, and charge between $2 and $5 for a half-hour session. u Upgrades. Offer minor apartment upgrades, such as a repaint, a carpet cleaning, a ceiling fan or lighting upgrade, etc., for a fixed fee. This kills two birds with one stone, allowing you to maintain and add value to the property while generating income at the same time! v Vendors. There are a number of vendors you can partner with, such as coin-operated laundry machines, soft drink and snack machines, prepaid phone card machines, etc. Depending on the vendor, you may either lease space for the machines for a flat fee or receive a portion of the income generated by the machine. Either way, don't miss these opportunities to both serve your residents and enhance your revenue. Gerry Hunt, of Paragon Properties, says that leasing space in each building to a laundry vendor generates more than $255,000 in ancillary income per year. w Water. Submetering may still be a dirty word with residents, but its benefit to property owners is undeniable. Jennifer Stull, of RAM Realty Service, says that her properties are able to recover around 85% of their water costs through submetering. x X-tra Services. When you put yourself in a service mindset, there's almost no limit to the number of extras you can offer your residents. Think five-star hotel concierge - and then start creating a menu of fee-based services. They might include making restaurant reservations, ordering tickets to events, picking up or dropping off dry cleaning and groceries, arranging for transportation to and from the airport, and so forth. 10 Multifamilypro Zero In On Your Resident’s Needs. This list is by no means comprehensive. When it comes to finding new ways to generate ancillary income, you are limited only by your imagination. And the best way to unleash your imagination is to look at the world through your residents' eyes. Try to understand their lifestyles and their needs. Then look for ways to meet those needs, for a small fee! resource Measure resident satisfaction (and find out what your residents want and need) www.satisfacts.net call:1-866655-1490 Visit us online to learn about hundreds of additional product and service providers that can help you put these great ideas into action, visit the Marketplace Resources section of www.Multifamilypro.com! For more great management ideas, visit our website at www.Multifamilypro.com. The items listed below are available in our “PRO” area under Management. Click on Reports and Forms for: Unit Inventory (in MS Excel) Section 8 Application Log (in MS Excel) CSF Sheet for Managers (in MS Excel) Occupancy Projection Report (in MS Excel) Rent Adjustment Worksheet (in MS Excel) Rent Concession Agreement (in MS Word) Here's a great tip quick tip from Lee at Century Court Apartments. Add chairs and a stocked bookshelf to create a comfortable "library" in your laundry center. At cost of only around $100, Lee increased use of the community's laundry facility, and corresponding revenue, by 20%. Marketing Ideas From Across America Marketing Binder Closing Strategy marketing By Alice Eason This isn't a new idea, but it works. Each leasing office shops their competition and collects all of the collateral they use to sell their product - everything - brochures, floor plans, sitemaps, flyers, coupons, specials and vendor information, etc. They must also take photographs of their competitors' marketing window and curb appeal. Create a binder that's divided into 5 or 6 sections. The first section will be their own community, and each competing community has a section thereafter. Add a section for Chamber of Commerce info, photographs, and community activities. An area advantage map is also a great asset. Current market surveys are essential, including accurate prices and specials. Make sure that all information is updated monthly and prices weekly. The binder cover can be very creative - I've even seen some that look scrapbooks! We’ve had Marketing Binder Contests to choose the best one, with first, second, and third place prizes awarded, with managers and leasing professionals as judges. This Binder is used as a final closing tool. At the end of a tour, if the leasing professional has not yet closed, he/she will ask, "Which properties do you plan to visit?" When the future resident responds, the leasing professional can answer with, "Oh, I have their brochure right here! Let me share it with you." Use this actively to outshine your competition and show that you have the information that they need, from who does or doesn't allow pets to which floor plans are smaller, and more. It's a great closing strategy! 12 Multifamilypro The Virtual Marketing Manager By Esther Bonardi-Basden With 120 properties and a small marketing department, it is difficult to provide adequate marketing support to all people at all times. With the help of our staff web developer, we have created an online marketing department that any on-site person can access 24/7. We began with a customer care program featuring monthly resident retentions that the team can choose from. Once they have chosen a resident event, they can download the newsletter article and flyer to customize and implement. Flyers and ads can also be found online - again, completely ready to customize and print. Next, we will be adding a graphics library to help them create their own flyers! We've received great feedback from our sites, as we have helped them to help themselves. National Make a Difference Day By Brenda Coons The fourth Saturday of October is National Make a Difference Day. We participated by partnering with Fox Network to help Gleaners Food Bank host a curbside food drive. Residents were able to place a card on their door for staff to pick up food contributions door to door. Fox was at the site for two hours with five live broadcasts. We generated over one ton of food, along with some local live television and radio, and press in three publications - all free! The event was promoted with t-shirts, bandit signs, and banners. Along with the positive PR came five rentals in two weeks (who mentioned the drive by and media). National Make a Difference Day http://www.usaweekend.com/diffday/ Banner Library By Karen Mordue We bought a dozen banners featuring key marketing phrases, and split the cost among all 36 of our properties. Communities "sign out" the banners for up to two weeks, and can renew for up to two more weeks as needed. banners are stored at the regional office. Communities bring banners back to the regional office as soon as they're done with them, so there's always a central "library." Because communities use banners for only the time needed, this saves the cost of buying a banner that one of our communities may only use for a short time. Because there are a lot of phrases to choose from, the advertising message to the prospect is always fresh. All banners are on a yellow background with red letters, featuring key messages such as: "Supersize Your Lifestyle!” “Spectacular Savings!” “Huge Floorplans!” “Fantastic Savings,” and “Immediate Move-Ins!” We paid around $170 per 3'x15', high-quality banner (make sure they're made to last). To start your own library, you'll need a flyer to announce the library to the communities, and a system whereby you can send monthly emails to let everyone know what's "due" and what's "in stock" in the banner library. Web Based Follow-Up By Kris Wegener We implemented a program to ensure quality follow-up on all traffic (phone, Internet, in-person) through email. The email is property specific. The program includes "check boxes" to select according to what was discussed with the future resident (i.e. golf, schools, etc.) The last box allows the leasing professional to personalize the email. When the future resident receives and opens the email message, the first thing he or she sees is a community or was: "On the first day of Christmas, Wynslow Park gave to me, two shiny keys to a great new apartment in a brand new community!" Post-it Notes A few years ago, I heard an idea at Brainstorming about how to get your foot in the door of an HR director's By Lisa McLeod Through Printgrafix, we had post-it notes pre-printed advertising our community. They're easy to work with for outreach marketing, and you can stick them everywhere - cars, restroom stalls, ATMs, books, magazines, bulletin boards, local merchants, etc. Outreach With a Caffeine Kick By Tandi Tucker Toni Outside Marketing: Merchant Trade-outs By Marie Madden Holiday Song Fax By Michelle Simon We rewrote a familiar song, The Twelve Days of Christmas, and made it related to a brand new community, then sent one new stanza per day via broadcast fax to local realtors, locators, and employers' HR Departments. We printed the fax sheet on holiday paper to add to the festive holiday theme. I included the amenities and features of the community in the song. For example, the first verse We have all of our properties email their awesome marketing flyers, resident programs or marketing action plans; then select a winner in each category and award cash prizes. We supply company logos' and fair housing logos to include on flyers. Every entry is emailed back out to the properties so they can receive awesome ideas throughout the month. The result: a great store of flyers that we can all share. The cost: nada! Something to Cheer About Printgrafix Post-It-Notes http://www.printgrafix.com/ apartmenttools.html Have your best salesperson visit local merchants (Wal-Mart, Staples, etc.) with special flyers for each merchant that includes their logo. The flyers should read: "bring this flyer and lease an apartment to receive a $100 gift certificate" from the merchant (which the apartment community buys). We tried this idea, and not only did it increase traffic tremendously, but lots of other communities wanted to know how we did it! Marketing Brainstorm Contest marketing lifestyle picture. The message also includes web links to specific items of interest that are created according to which box(es) the leasing professional checked following the inquiry. The result: consistent follow-up, company wide. office at a large company, and we implemented it with great success! We visited a large company several days in a row, at the same time each day, with a delivery of steaming Starbuck's coffee and lemon iced pound cake for the HR department. On the 4th or 5th day, the whole department was waiting for their goodies, and to find out who they were from and why. Try it! For only $50-100, you too can create the perfect opportunity to give a quick presentation! Piggyback Ideas: · You could leave clues each day, such as a puzzle piece. · You could send a box with a lock on it that reads: "Don't open until Thursday." On Thursday you deliver the key to unlock the gift inside. · You could leave a note on the locked box that reads: "If you give us 10 minutes of your time we'll bring you the key." The new community across the street had washer and dryer connections; but we had washers and dryers. So, during it's lease-up, we purchased vending-size boxes of Cheer laundry detergent, added business cards for our community (without a name or title), and the message: "We have something to CHEER about… washers and dryers in every home!" We handed them out to every prospect, whether they toured the community or not. The first week of the new community's lease-up, we earned 4 new leases, then 1 to 2 each week thereafter, until the soap boxes are all gone! School Supply Baskets In today's economy, elementary school teachers are constantly in need of school supplies. However, funding is very tight, so they tend to rely on donations from parents, etc. One great way to market to teachers and create positive word of mouth is to create school supply baskets to be delivered to area schools. Here's how: · Contact your local schools and find out what items are needed. Purchase baskets from your local craft store Visit our website at www.Multifamilypro.com to subscribe or call 800-363-7384 13 marketing and fill them with the needed items. Be sure to label each item with your property's custom labels, include a flyer with current pricing, etc and community brochures, then top the whole thing off with clear wrap and a bow, gift-basket style. You can create a really impressive gift for only around $25 per basket! · Deliver the basket to the School's Principal, so that the items can be divided as needed. Benefits include referrals and/or leases from teachers, positive "community service," possibly press for your community, and enhanced name/ brand recognition! In fact, you can tie this program up nicely by offering a huge, $100 basket filled with supplies (enough to last all year) to the teacher who refers the most friends who move-in! 14 Multifamilypro Pick of the Week By Lori Snider In an effort to help inspire creativity and make marketing less "thought consuming" for on-site personnel, each community was encouraged to enter one creative idea per week that they were implementing at their communities. The most creative or "marketing smart" idea won a prize, and the idea was shared with the rest of the portfolio. Business managers and leasing directors loved the program, as it provided them with easy, quick, ready-to-implement marketing ideas. Our portfolio implemented a number of creative campaigns that included a wide range of marketing strategies, from "Burger Madness Monday" (free burgers to all residents and clients each Monday) to a "What's a Movie Without Popcorn?" campaign that provided a free bag of popcorn and two cokes to every resident that checked out a movie from our video library during a specific time period. At a cost of only $50-75 per week for prizes, we were able to reward creativity while providing fresh marketing strategies to the whole portfolio. Free Gas By Tamara Fleckenstine With gas prices going up again, why not try offering free gas instead of matching or beating the competitions' free rent offers? Begin by approaching gas stations in your area, and be sure to discuss joint advertising (i.e., ads at the pump that read: "If you lived at ABC Apartments, your gas would be free right now!"). P R spOtlight Located in: Atlanta, GA Years in the Apartment Industry: 15 What does it take to be the best? I have been so fortunate throughout my career to be surrounded by "the best!" This applies to the people I have worked with, the properties I have worked on to lease and promote, and the companies that have employed me. The consistent characteristic I see in the industry's best is their quest for continuous and never ending improvement. This is the fuel for innovation and expertise. Being a student of what you do for a living means you are always discovering new ideas and information. I am so motivated by discovering new theories, and there is much to be found outside our industry. The best people and companies seem to know this and have the ability to look outside the window and find the learning opportunities. What performance tip or suggestion would you offer to someone who's just starting out in your field of expertise? My advice is to be brilliant at what you have been hired to do. It seems like a statement that is almost too simplistic, but I have to say, I meet people all the time who tell me they want to be a director, vice president, consultant, speaker and so on. However, they are not focused on being a great leasing professional or whatever their current position might be. Some of the best people in our industry are professionals who started out in entry level positions such as leasing professional or even housekeeper. Now, these people are running management companies and developing apartment communities. Just look at Joy Anzalone with Consolidated Management. She is one of my heroes. Next, every person you meet will have something to teach you. Always look for the lesson. Sometimes, it may not be clear for weeks or months. I remember back to a situation that I encountered as marketing Kate Good Marketing Solutions Expert, Professional Speaker & Chief Cyber Shopper Net Mystery Shopper a leasing professional. I did not agree with the way a member of the management staff had reacted to a problem. I was taught a valuable lesson by my supervisor at the time, Glenn Rand, who told me that I may not be able to do much about this now, but I should remember the experience for when I become the manager. Glenn not only gave me a great example of what it means to be a continuous student, but he also showed me that he believed in my ability to grow with the company. And I did! Next, set goals. This is not just for rah rah seminars! They really work. During the first few weeks of my career in the apartment industry, I was asked to attend a full week of leasing training. Josie Tinker was the educator who put us all through a series of goal writing exercises. One of the goals we wrote was to decide where we saw ourselves in 3-5 years. We learned that setting a goal means that it should be measurable and have a specific deadline. I really looked up to Josie and decided I wanted to be a training director so my goal was just that and my deadline was June 10, 1992. On Friday, June 12, 1992, the President of my company, Bruce Webster, called me into his office and offered me a promotion from training coordinator to director. I accepted the position but pointed out that he was two days late! You can see why I think goal setting is important for all careers, projects and plans. What is your favorite idea, tool, tip, or technique? My favorite idea is always the one I just thought about! As I said, I am motivated by discovering something so when a new idea pops in my head, I can't wait to get rolling with it. By the time that idea becomes a plan of action it is typically transformed so that it works. So, don't be afraid of your wild ideas, they are destined to be the best use of your time. My favorite tool is the Internet, what did we ever do without the world at our fingertips? My favorite marketing tip is to subscribe to dozens of publications for industries other than the apartment business. You will find they are rich with great marketing ideas that we can apply to what we do everyday. For more great marketing ideas, visit our website at www.Multifamilypro.com. The items listed below are available in our "PRO" area under Marketing. Click on Click Tips, Tools, and Techniques for: Community Marketing Analysis (Word document) You Never Know Who's Watching, by Lisa Trosien Occupancy Projection Report (Excel Spreadsheet) Click on Community Outreach, Marketing Calls & Referrals for: The Art of Outreach Check Out Our Perks Corporate Leasing Outreach (Adobe Acrobat) Getting Your Foot in the Door Complete Market Saturation! Flyer Mania! Visit our website at www.Multifamilypro.com to subscribe or call 800-363-7384 15 experience has proven that available apartments that are mini-models lease faster and with less resistance. marketing How do you accessorize a Mini-Model? Mini-Models: Making Your Focus Units Look Lik e Home by Rick Ellis, CPM What is a Mini-Model? A mini-model is an accessorized, vacant, and available "market-ready" apartment. Normally, the kitchen and bathroom(s) are "lightly" accessorized with everyday items found in any typical occupied apartment home. As the mini-model is leased, the accessories are moved to another available unit. Why use Mini-Models? Although a complete model apartment might be available, a mini-model gives the rental prospect a more desirable perception of the actual available apartment. A properly accessorized mini-model gives each vacancy personality and creates a homey and comfortable feeling. Most importantly, Mini-Model Shopping List Accessorizing Your Focus Units Accessorizing a focus or "show" unit can cost from $20 to $200 per apartment home. Below is an extensive mini-model shopping list to aid in collecting the proper accessories. Note that many of these items can be bought at a garage sale or may be sitting around someone's apartment right now, gathering dust. Be creative in "securing" these items, but make sure all accessories are desirable and classy in their appearance 16 Multifamilypro A mini-model is accessorized or "furnished" with everyday household items, such as towels, canisters, small rugs, etc., but no furniture. Most items can be purchased at a discount store, such as K-Mart, Target, or Wal-Mart. The accessories can be packed into a large clothing basket or duffle bag and easily moved from vacancy to vacancy. Use the minimodel concept along with your "tent cards" ("talking apartment" cards or "thought clouds") and other focus unit enhancers. A more elaborate mini-model can actually serve as a temporary model, if necessary. It is ideal to keep these accessories as light and mobile as possible. Make sure that your accessories are bright and colorful, but blend with the color scheme of the focus unit apartment. Recommended Mini-Model Accessories Front Door/Entrance Welcome mat and an appropriate front door decoration, such as a wreath or "Welcome Home" sign. First impressions are lasting impressions. Entry Closet Bright, colorful plastic hangers with rainbow ribbons and a large, easily readable sign that reads: "Hang around! You'll love it here!" Kitchen Hang colorful kitchen towels from the oven and refrigerator handles. Place a matching canister set on the kitchen counter, along with a spoon rest and an attractive spice rack. Place a teakettle and a ceramic utensil holder with brightly colored utensils on the stovetop. Bright refrigerator magnets also and would be something you would not mind having in your home. The asterisk denotes the mini-model "musts." Front Door/Entrance Outside Welcome Mat* Door Wreath Door Welcome Sign Entry Closet Colorful Plastic Hangers With Ribbons Kitchen Kitchen Towels* Canister Set* Spoon Rest* Spice Rack Tea Kettle Utensil Holder* Assortment of Colorful Utensils* Refrigerator Magnets Recipe Book Recipe Book Holder Cutting Board Colorful Dish Rack Kitchen Rug Wine & Wine Rack create that homey feeling. Other kitchen accessories to consider include: Create Mini-Model themes such as this "Enchanted Evening" idea! In the middle of the living room, place a small round table (like a lamp table or pitcher holder) with a clean white tablecloth. On the tablecloth, place a bottle of champagne with two wine glasses and some color, such as flowers, ribbon, or confetti. The tent card simply reads: "Congratulations . . . You Made the Right Decision!" ◗ Recipe book and book holder ◗ Cutting board with a loaf of bread (plastic) ◗ Colorful dish rack in the sink ◗ Tent card in the refrigerator that reads: "Our apartments are hot deals, but our refrigerators are cool!" ◗ An appropriate kitchen rug by the sink ◗ Artificial or plastic food: fruit bowl, cheese, vegetables, etc. ◗ Bottle or two of wine and a small wine rack resources Artificial Food for Display: www.artificialfood.com “Thought” Tent Cards: www.Multifamilypro.com Bathroom(s) Start with a bright shower curtain and matching towels on all towel racks. A small bathroom rug that blends with the other items further enhances the bathroom. On the counter, have a colorful soap dish with soap and a toothbrush holder and two colorful toothbrushes. Top this all off with a colorful clothes hamper, if room permits. A colorful tissue box holder can be placed on the commode tank. If there is a vanity area in the bathroom or just outside the bathroom, set up a makeup mirror, brushes and combs, and an assortment of cologne and/or perfume bottles. marketing Rick Ellis, CPM, has been successfully involved in the management and operation of apartments and other residential rental real estate since 1980, handling a portfolio as large as 6,000 units in four major markets. He is a sought after speaker, recognized as an industry expert in apartment marketing, property positioning, and evaluation of rental markets and sub-markets throughout the country; and his consulting clients include management companies nationwide. For more information, visit Ellis Property Management Services, AMO online at www.epmsonline.com, or call 972-256-3767. Utility Room If the apartment has a utility area or room with washer/ dryer connections or a washer/dryer included, place a large box of Cheer laundry detergent and fabric softener on the shelf and a colorful plastic clothes' basket on the floor, filled with colorful towels. The message is obvious... "We're some place to CHEER about!" "All Out" Mini-Model Take the mini-model concept one step further by adding this final touch: Bathroom(s) Utility Room Shower Curtain* Towels & Wash Cloths* Bathroom Rug* Soap and Soap Dish* Toothbrush Holder Toothbrushes Clothes Hamper Decorative Tissue Box* Candles Laundry Detergent Box Fabric Softener Box/Bottle Clothes Basket filled with towels Vanity Area Make-Up Mirror Brush & Comb Cologne & Perfume Bottles "All Out" Mini-Model Champagne Wine Glasses Small Round Table White Tablecloth Confetti Ribbon Flowers Candles Quality Counts! Look for high quality accessories that make the right statement to your VIP's - Very Important Prospects. It is better to spend more money on fewer items rather than fill the minimodels with tacky knick-knacks from the Dollar Store...although you can find some good accessories even at the Dollar Store! Visit our website at www.Multifamilypro.com to subscribe or call 800-363-7384 17 Mapping the Moments: Using the Accelerated Learning Map training By Sharon Bowman Overview Step Four: Celebrating Success (Performance) The accelerated learning "map" is a four-step learning and teaching model that helps people learn better and remember more. It is based on the best of brain research, including: Experiential Learning by David Kolb, Human Brain and Human Learning by Leslie Hart, The Accelerated Learning Handbook by David Meier, About Learning by Bernice McCarthy, How To Give It So They Get It by Sharon Bowman, and on the work of a host of other educators, trainers, and business people. Nothing works all the time. But the accelerated learning map works most of the time for most of your learners. When you use it to design, develop, and present your meetings, presentations, and training, you know you have: To build real-life commitment and celebration, end your presentation with an activity in which your participants make a commitment to use what they've learned and in which they celebrate their learning. "On-going learning is given team-based support," both in and out of the classroom. -David Meier A brain-based balance of active and passive ways of learning. A learning experience that meets the needs of the four basic learning styles. A training that includes all learning modalities: auditory, visual, kinesthetic. A learning experience that helps learners not only hear information, but learn it, remember it and use it long after the learning session is over. Step One: Getting Connected (Preparation) To build a learning community and personal connections to the topic, begin your presentation with an activity that connects your participants to each other and to what they already know about the topic. This step "awakens the minds and removes the barriers to learning." -David Meier Step Two: Sharing the Wealth (Presentation) To build knowledge and understanding, as you lecture or present information, involve your participants by having them see, say, hear, and do. "Learners are involved with the contextual learning in multi-sensory ways." -David Meier Step Three: Making it Happen (Practice) Building skills and hands-on practice. Have your participants practice a skill or do a review activity related to the topic. Learners do hands-on projects, games, and activities to bring the learning as close to real life as possible. 18 Multifamilypro Sharon L. Bowman, M.A., has been an Author, Teacher, Trainer, and Consultant for over thirty years. She works with people who want to finetune their information-giving skills and companies that want to offer exceptional staff development programs. She provides staff development and human resource programs for colleges, school districts, government agencies, and private businesses across the country. resource To contact or order books by Sharon Bowman, including How to Give it So They Get It, visit www.bowperson.com. P R spOtlight "Trainer Donna" Olson National Speaker/Trainer/Consultant Olson Training & Professional Growth Seminars Located in: Coppell, Texas Years in the Apartment Industry: 23 training What does it take to be the best? As a small girl growing up in a time when diversity was not so popular, my Grandmother told me I could do anything. My parents told me I could be anything. I believed them! My motto: "If it has to be it's up to me - attitude is everything!" What is your favorite idea, tool, tip, or technique? Over the past year I have used the piece below by creating gift bags with the items listed. It puts things in perspective. It's a great tool to use when your team needs a little motivation. Items To Improve Your Life! 1. Toothpick - to remind you to pick out the good qualities in others. 2. Rubber Band - to remind you to be flexible. Things may not always go the way you want, but it will work out. 3. Band-Aid - to remind you to heal hurt feelings, yours or someone else's. 4. Pencil - to remind you to list your blessings everyday. 5. Eraser - to remind you that everyone makes mistakes, and it's OK. 6. Chewing Gum - to remind you to stick with it and you can accomplish anything. 7. Mint - to remind you that you are worth a mint. 8. Candy Kiss - to remind you that everyone needs a kiss and a hug everyday. 9. Tea Bag - to remind you to relax daily and go over your list of blessings. 10. Ruler - to remind you taking the extra foot or step can and will get you where you want to be. Visit our website at www.Multifamilypro.com to subscribe or call 800-363-7384 19 Training Ideas From Across America Workplace Spanish Language Training By Ann Smith training We implemented a workplace Spanish class that's available to all our associates. Here's how: · Hire an outside instructor from a community college (people like to see new faces). · Plan class time around your teams' schedules (we settled on half-day sessions on 2 days per week for 8 weeks). · Advertise the course through flyers, emails, and word-of-mouth (phone calls). · Get commitment (we needed at least 25 attendees in order to cover the cost of the instructor). · Assemble and develop your supporting materials (emails, flyers, CDs/cassettes, books, etc.). · After running the course, send follow-up emails in Spanish! The results were amazing! Our leasing professionals started making cards (in Spanish!) with questions to ask prospective residents immediately after training. The biggest benefit has been the new level of communication among our team members. Estimated cost: $1,400 Spanish for Gringos (book and cassettes) by William Harvey, ISBN# 0764173073, around $17 at Amazon.com Join the Spanish Word Of The Day email list from About.com: http://www.spanishdict.com/wod.cfm Internet Secret Shops Have your communities professionally Cyber Shopped by the team at Net Mystery Shopper: www.netmysteryshopper.com. manager sends in a leasing mentor request. · The leasing mentor makes an introductory phone call, and schedules the first training session: the new associate's first two days on the job, which are spent at the leasing mentor's property. · Following the first two days of training, the new associate has a week to complete market shops, read their orientation & information packet, and get to know their community. · The leasing mentor then spends 1-2 days at the new associate's property, role-playing, observing, and helping the new associate get comfortable. You'll need training guides for both your leasing mentors and new associates. Our cost is approximately $50 per new associate trained, and it works wonderfully! Leasing Mentors One-On-One Mentoring is one of many electronic training courses available for an annual subscription fee per property, from e-Training Solutions, Inc., www.e-tsonline.com. By Crystal Albershardt Set up an email address and send an Internet inquiry to 6-8 sites per week, as though you are the customer. Reward the first person to respond (I use a $50 cash reward). This has increased our Internet response time by 60%, and it's still rising! By Melissa Smith Our company is relatively small, and spread out over 12 cities. We were having trouble getting new associates trained immediately. We were also looking for ways to provide professional development and recognition to our superstars due to a lack of promotional opportunities. Our “Leasing Mentor Program” addressed both issues. We "promoted" one leasing superstar per city to the position of leasing mentor, and made them responsible for training all new associates in their area. Here's how it works: · When a new associate is hired, their 20 Multifamilypro The Closing Game By Linda Hansen This is a great way to teach closing techniques to a class of no more than 12 trainees. Begin by passing out cards with the name of a particular closing technique to each person in the class. Have them take turns explaining their technique to the entire class and then using it in a "real world" example. To make things more fun, allow each class member to act out a closing technique (without talking) for the rest of the class to guess. This will help make the training "stick," and result in a better understanding of closing techniques and how to use them effectively. Estimated Cost: $2 for cards. Telephone Techniques Toy Box By Michelle Rogers Many of the above items are available via the Oriental Trading Company, www.orientaltrading.com. Lunch & Learn By Danielle Winchell Once a month, we get our whole office staff together for a potluck “learning lunch” where I present a new topic each time (i.e. time management; sharing ideas and philosophies from a particular book, like F.I.S.H. Philosophy; watching an educational video together, etc.). Not only are we learning, but the time together has also made us more conscious of each other’s personalities and goals, and how to get along. Custom crossword puzzles are a fun way to reinforce a training message. Send them out via email or fax as a post-training reminder, or have a puzzle contest (first person to send back a correctly completed puzzle wins a prize)! Crossword Weaver Software, www.crosswordweaver.com, $39.95 (free trial demo). Ten-Day Training Program By Sara Warren Our new leasing and management employees for the first 10 days on the job: · Shadow two experienced leasing professionals. · Shop the competition, and then discuss their findings with their supervisor. · Read our Fair Housing and marketing manuals, cover to cover. · Set up their leasing binder (this can be done with help and guidance from an experienced team member). · Observe closely (but do not participate in) answering the phone and serving customers, so that they have the opportunity to get to know the property and the responsibilities of their new position first, rather than being "thrown in" to the job. Use a "Sign-Off" sheet that includes the items above as they apply to your company to ensure that these requirements are met before your new employee officially takes on his or her new responsibilities. Seeing is Believing By Karen Robertson As a customer service exercise, I conduct a field trip to a local warehouse store to observe the people who staff the "free sample" tables. There is one in particular who stands out. Jacob wears a chef's hat, decorates his sta- tion, and puts on a show… all on his own initiative. He is doing the same job as his colleagues, but he does it better, and the difference is obvious. This is a great way to show my students exactly what I mean by "exceeding expectations," and in this case, showing is a lot more effective than telling! Try this - it works! Select different types of stores or facilities for each quarter; and don't forget to involve your maintenance teams, too! In addition to places where you can see customer service in action, you should also choose places where curb appeal (good and bad) makes a difference. The "Fish" and "Whale" books are great rewards and support tools for this kind of training. training To remind your team to apply all of the key elements of a successful phone call, create a "toy box" with the following items: · A smiley face sticker or other item smile! · A paintbrush - paint a picture of your community! · An appointment calendar - make the appointment! · A small pack of toy soldiers - how many people? · A button - what's their "hot button"? · A dog bone - how many pets? · A toy car - remember to give complete driving directions. · A toy phone or Rolodex card printed with the reminder to get their number! Keeping this toy kit near the telephone will help to encourage creative and complete telephone presentations! Custom Crossword Puzzles Fish! A Remarkable Way to Boost Morale and Improve Results by Stephen C. Lundin; ISBN: 0786866020 around $14 Whale Done! : The Power of Positive Relationships by Kenneth Blanchard, Thad Lacinak, Chuck Tompkins, Jim Ballard, and Ken Blanchard; ISBN: 074323538X; around $14 Intranet Training By Steve Matre We have been improving training via our Sherman Residential Intranet. My two favorite upgrades are the use of .avi files (digital movies) and online quizzes. Our intranet features a "show me" feature for software training. An associate simply clicks on "show me," and the list of possible actions pops up. For example: if they are taking an online course to learn our accounting software, they can click on Show Me New Resident Application, and a popup movie, that they can watch as many times as they wish, shows them the required data being entered into the appropriate form. Visit our website at www.Multifamilypro.com to subscribe or call 800-363-7384 21 We tie this feature to online testing. Each training session ends in an online quiz. Upon completion of the quiz, the grade is computed and the questions reappear on the screen with a hyperlink to that section of the Intranet training module so that they can review immediately, as needed. Results have included easing the burden for personal visits to each community for software training, and development of an instant, around-the-clock training resource for all associates. These training modules reside on our corporate server; and with each of our sites linked with T-1 service, our Intranet is always live and available for use by Sherman associates. training Overcoming Objections is a Matter of Perspective By Sue Lange Choose the least desirable apartment that you have available. You know, the one. Nobody seems to want it, and your team is convinced that it simply "can't be leased." It's time to find out why. Arm each of your team members with a notepad and pen and walk the apartment, room-by-room, making note of every single thing that's standing between that particular apartment and a lease (age of appliances, size of the floor plan, location, view, etc.). Next, sit the whole group down in the middle of the living room, discuss all of the objections everyone came up with, and brainstorm ways to overcome them! This approach gets everyone in-volved and enables the members of your team to see things from a future resident's perspective. You'll be amazed how quickly that unwanted, "can't be leased" apartment gets leased. Using this technique, we were able to lease all of those available apartments that we were loosing revenue on, simply because our team now has the confidence to overcome virtually any objection! Listening Skill-Builder By Diane Lucas We recently started using a technique where each participant is given a quiz to assess his or her listening skills. Participants are placed in small groups where they take turns reading newspaper articles to each other. The articles vary in length and topic. After each article, the reader asks the listeners a variety of questions (who, 22 Multifamilypro what, when, where, how, etc.). Participants frequently found that they hadn't listened as attentively as they thought they had. This simple and inexpensive exercise made our participants more aware of the level of attention it takes to really listen to what others have to say! Leadership College By Liz Spivey Our company paired up with the local community college to provide a series of courses on "Vital Learning Skills" that would enhance the leadership skills of our supervisors. The cost is approximately $54 per participant, per class. Courses include fundamentals of communication, dealing with conflict, coaching, etc. Participants attend class at the community college and receive certificates of completion from the college, as well as recognition at company events. We've received terrific feedback on the course material; and the program has been an excellent outside training resource for our employees. Pre-Training Ticket By Michelle Rogers Before each training event, send each attendee a "ticket" to attend the class that asks them to think about what they expect to get out of the session, and also gives them three thoughts to think about before they attend! This helps attendees to focus their learning energy on what they want to achieve from the session, think about the topic in advance, and walk away with better learning results! For more great training ideas, visit our website at www.Multifamilypro.com. The items listed below are available in our "PRO" area under Training. Click on Designed Programs and Guides for: Training Cost-Benefit Analysis Worksheet in Microsoft Excel Above And Beyond Service Training Program (Adobe Acrobat) All Stars Quarterly Training Program (Adobe Acrobat) Training Program Evaluation (PowerPoint) Welcome to the MAGIC of Marketing and Leasing (PowerPoint) Letterman's Top Ten Outreach Excuses (PowerPoint) Learning in a Soaring Firm with Cynthiann King (PowerPoint) Survey Says … Enhance Value to Reduce Resistance to Rent Increases R esident retention dramatically impacts a property's financial performance. Our research confirms that 65% of turnover is controllable, and that a focus on residents' basic needs - clean and well-maintained buildings, common areas, apartments and amenities, plus prompt and professional service - pays off. We ask residents how likely they are to renew their lease, and we also ask them why. Fortyfour percent respond that they are "not very likely." This article focuses on the second most frequently rated potential nonrenewal reason: the infamous rent increase. By Doug Miller Residents Say It Best Our Surveys Reveal CLEAR Implications Rent increases impact turnover. Turnover can be controlled without impacting revenue. Often the issue is not the increase, but the residents': 1. Perception that they are not receiving as good a value as new residents. How P roperty Managers Can Enhance Perceived Value Survey Residents You can't control what you don't know about, so check resident satisfaction regularly. Create resident feedback loops. Incorporate findings into action plans. Resident Communication Get marketing mileage from every improvement dollar. Promote improvements with flyers, letters, displays, website, newsletters, etc. Incorporate any/all community improvements into lease renewal letters. on-site "New people coming in should have to pay higher rent. They're almost getting a brand new apartment. Their apartment has been painted, remodeled and totally done over. People like me who've been here 14 years have paid a lot more money than the newer people ever will, and the things in my apartment are a lot older. My apartment hasn't been painted in 14 years. Why should I have to pay such a huge rent increase?" "There's been a lot of turnover recently. People who lived here for a very long time have moved. Why? Because when someone moves out, they renovate, put in dishwashers and update everything for the people moving in; but the people who have lived here for a while have the same apartment with no upgrades or renovations and still have to pay a $35 rent increase every year. That's not right." "I am not happy that the people who are moving in now are getting lower rent than we do." 2. Desire to be recognized and rewarded for their longevity. Residents rate their apartments as "average," therefore the rent increase: 1. Makes them pay more for something they are not in love with. 2. Pushes them to look for something they like more. Cost Savings Identify ways to reduce residents' expenses. Negotiate deals for services like long distance, cable, Internet, and utilities. Service P rograms Exceptional service reduces resistance to rent increases. Develop service guarantee programs. P roperty Improvements Identify/address common issues impacting satisfaction. Typical issues include community cleanliness/condition, laundry rooms, landscaping, security and parking. Empower Staff Identify typical in-unit deficiencies. Give staff authority to perform modest in-unit improvements. P re -Renewal Warm Calls Call 60 days before any rent increase/renewal letter is sent. Check satisfaction, and identify attention required items. Visit our website at www.Multifamilypro.com to subscribe or call 800-363-7384 23 Longevity P ricing Reward longer-term residents with discounted rent increases. Alternate Renewal Rents Rent increase for a one year renewal is less than for shorter terms. Strategic Renewal P ricing Floor plans with high vacancy rates do not receive as high an increase as floor plans in greater demand. Rewards/Incentives Menu For one-year lease renewals, residents select from an in-unit improvement menu. Menu includes items such as carpet-cleaning, painting, ceiling fans, closet organizers, etc. Value increases depending on length of residency. Saving Notices When a resident gives notice citing the increase, probe for the real issues and address them. on-site Annual Action Plans Address apartment, property, services, amenity and management issues impacting satisfaction. Doug Miller, President of SatisFacts Research LLC, has nearly 20 years experience in multifamily marketing, research and training, and has worked with nearly 1,000 communities nationwide. SatisFacts Research, LLC specializes in Resident Relationship Management Services™, including resident satisfaction research. Doug can be reached at 866.655.1490, [email protected], or http://www.satisfacts.net. For more great on-site ideas, visit our website at www.Multifamilypro.com. The items listed below are available in our "PRO" area under Management. Click on Reports and Forms for: Concession Agreement (Microsoft Word document) Here's a fun tip quick tip from Jason Lindsay of RAM Partners, LLC. Purchase "smile" magnets from Oriental Trading (www.orientaltrading.com) and use them to attach a note to the refrigerator at the completion of each service request. Jason's note reads: "Residents like you give us reason to smile!" 24 Multifamilypro On- Site Ideas From Across America Don’t Break Our Hearts By Surjet Rappold For February renewal letters, our catch phrase was "Don't break our hearts! Please say you'll stay and renew today!" At the end of the letter, we added, "This sweet deal is just for you!" and included an offer of $75 for signing a 6-month lease, or $150 for signing a 12-month lease. The letter was printed on pink paper with heart stickers, and a bag of sweetheart message candies attached. Custom Printed Candy Hearts: www.elmercandy.com, $100 for 10 lbs. The Money Tree By Sara Greenough Lease Addendum Mail Merge By Janis Cowey We had no less than 14 different addenda to add to each lease packet, in addition to a 6-page lease. To make compiling the lease packet easier, I created a mail merge (one of the features of most word processing applications, including Microsoft Word) with the 14 addendums so that our leasing professionals need only type customized information into a few fields, click "print," and all 14 pages are created in one beautiful, ready-toprint and easy-to-read document. Tips: Be sure to save your main document (lease and addenda) as a template and use the "protect form" feature to prevent it from being modified. Condense multiple addenda into fewer pages. ? Do you have a "smooth move" program? This is a great idea anytime you have lots of paperwork to be signed! Set an appointment to explain all of the forms (and reasons for them) before move-in day. Meet in a quiet, out of the way space in the leasing center or in a model apartment, and serve refresh- ments. This is an excellent way to reduce stress for both your team and your new residents! Break the Bank! By Melissa Lawson To play "Break the Bank," you'll need to purchase a child's toy safe with a changeable combination (around $10-20 at Zany Brainy or Toys R Us), and a deck of playing cards. Each week, the community manager sets a new combination on the safe (usually 4 digits), and adds a surprise in the safe, like a small amount of money; a gift certificate; or coupons that can be redeemed for extra commission, late arrival, early departure, or a long lunch period. The cache of prizes builds for each week that the safe goes "uncracked." Each time an associate makes a sale during the week, they receive a playing card. The playing card represents one of the digits to the safe combination, but not in any particular order. Each associate can earn up to four cards for the week. After they've earned their four cards for the week, additional sales within the week earn them additional time to crack the safe (i.e. 30 seconds for each sale). Gather your team together at the end of each week for a chance to “Break the Bank.” The associate with the most cards and time gets to go first. All associates start with 60 seconds of time. Everyone loves this, and it's fun and motivational! on-site The next time you need a great incentive program for your leasing team to rent a certain number of apartments in a specified time frame, plant a money tree! Post a large paper tree with bare branches on a wall in your break room, or in an area of the leasing center that's out of future residents' view. Label it "The Money Tree." Beside the tree, hang an envelope filled with paper leaves. Staple two leaf shapes together with a bonus amount hidden on the inside ($5-25). The number of leaves in the envelope corresponds to the total number of apartment homes that must be leased. Each time a member of your team leases an apartment, they select a leaf from the envelope, write their name on it, and tape it to the tree. Your team will immediately begin to be inspired by the "fruits of their labor" as the leaves begin to move from the envelope onto the tree. They'll also enjoy the mystery of guessing what's inside of each leaf - choosing the "right leaf" is part of the fun! Once the leasing goal has been reached and leaves are taped to the tree, throw a pizza party to celebrate the team's success. During the party, each leasing professional removes all of their leaves and tears them open to see how much money they "grew"! To make things even more exciting, you can even reward them with cash, right on the spot! It's inspiring, competitive, fun, and can be easily adapted to your reward budget! 3x6' tree with 50 leaves, Item #CD1701, www.teachingsupplies.com, $10.99 Senior-Friendly Retention & Renewals By Shawn-Elyn Fahrny I have a lot of seniors in our community, so I'm setting up a seminar with a Medicare representative to visit Visit our website at www.Multifamilypro.com to subscribe or call 800-363-7384 25 and speak about Medicare benefits. Residents can invite friends, family, etc. to take part in the session, which will also result in leads. Medicare provides this service free of charge, so the only cost to produce the event will be for refreshments and to advertise the event via flyers and in local seniors publications! (Be sure to call Medicare well in advance, because it may take some time for them to schedule a representative to visit your community.) For information on scheduling a Medicare seminar, call 1-800-MEDICARE, or visit www.medicare.gov. on-site Express Renewals Sometimes it can be a challenge to get in touch with residents at renewal time. One trick that works, when all else fails, is to print a renewal lease and send it to their door with a personalized, handwritten note that reads: "We know how busy you are, and that you probably haven't been able to find time to discuss your renewal. To save you some valuable time, we've enclosed a renewal lease that you need only sign and drop off at our office!" In most cases, your signed renewal will be in your drop slot within 48 hours. If they did not intend to renew, you'll probably get a call right away, in which case you'll be able to discuss their reasons for not wanting to stay, and possibly convince them otherwise! Residents First! By Tina Barfield As part of our community's Residents First Customer Service Management Program (CRMP), we give each resident a flyer that explains the program in detail, as well as a Residents First card that is stamped each time the resident pays their rent on or before the first of the month. 26 Multifamilypro Once the card is completely stamped, the resident gets to choose from a menu of rewards that includes a goodie basket; movie tickets; free hour of maintenance; carpet cleaned in one room of their choice; $25 off of next month's rent; a $25 Home Depot gift card; etc. The selections can be varied seasonally, or as needed throughout the year. The program also includes a oneminute questionnaire for completed work orders, move-ins, and move-outs. As part of our “Residents First” mission, we respond to work orders within 24 hours, even if the only response we can provide is a phone call to let the resident know when we will be there to service them. If residents are unable to come to the office, we assign a team member to go to their home when needed (i.e. to complete paperwork or discuss an issue). Prewalk Wednesdays By Tracey Downey Each Wednesday, our maintenance team walks all units that are on notice to vacate. By walking the apartment prior to move-out, they can schedule the unit turn in advance, order appliances, fixtures, carpet, etc., if needed. This gives the team at least a 24-hour head start on the turn. When a resident gives notice, there is a paragraph on the intention to vacate form that states: "we will be entering your apartment for a premove-out inspection on (date)." The leasing professional writes the next Wednesday's date on the form, makes a copy of the notice for the resident, and that becomes our constructive notice of entry. One copy goes in the file, and another goes to the maintenance department attached to the move-in/move-out inspection form. Maintenance then walks the unit, annotating the inspection form with a blue pen. After the move-out, the same form is used with a red pen to finalize any charges and/or changes to the schedule. Move-in notes are done in black. This is an easy-to-use program that keeps everyone organized. Moveouts don't get lost and the team is ready to turn on the day of move-out! Sweet Treats Make Maintenance Complete By Ruthie Ritter We wanted to prevent our residents from associating our maintenance department only with "something that is broken," and change the perception to "Wow, aren't those guys great!" Now, at the completion of each service call, the technician who handled the request hand-delivers a small bag of candy with a card attached that reads "Your repair is complete, enjoy your treat!" Our residents love it, and the maintenance techs have a chance to see the smile on each satisfied resident's face (a great morale booster all around)! ? Did you know that you could buy M&M's® candies in your community's colors? Visit www.colorworks.com! Picnic in the Park By Trish at Lakeview Estates We decorated our office to look like a picnic in the park! We placed a mound of play sand in the middle of the office (place paper underneath for easy clean-up), and buried specials in the sand where prospects could dig for them. You can limit the number of "digs" allowed, if you don't want to make this too easy we allowed each future resident to dig only twice. Because no picnic is complete without ants, we made our own by tying together black balloons and adding legs. We also placed our "ants" outside to draw attention, along with a sign that read: Let the ants lead the way and you'll find the special of the day! Everyone loved the idea, prospects had a blast digging for their special, and we leased several apartments! Make your own ants by visiting: www.daniellesplace.com/html/bugs.html When the package is opened, the leasing professional gets to keep one of the cards, and the other is given to the maintenance tech or housekeeper. The gifts can be opened one at a time, or labeled with gift tags as they're selected and opened together at a holiday party. You may also add an addi- Same Day Deposit and Leasing Signing By Michelle Barthel Christmas Leasing Bonus By Mary Ceparski We ran this holiday incentive program from December 1st through 15th. We purchased gift cards in a variety of denominations, two for each vacant apartment home. The gift cards are wrapped two per package (same denomination) and placed beneath the tree. Each time a lease is signed, the leasing professional chooses a package from beneath the tree, and at the same time, draws the name of a maintenance and housekeeping employee. tional prize for all team members if all available apartments are leased before the program ends. This is a great incentive for all employees to work together as a team to strive for a successful month of leasing! One-stop shopping for merchant gift cards: www.giftcards.com Movies by the Pool By Michelle Carswell We began hosting movies at the pool during the summer! We do this on two Wednesdays per month, showing recently-released DVD movies on a large screen TV, beginning at 9:00 pm. Our residents are college students, so the time is accommodating; and running the shows after dark makes the large screen more visible. We rent a popcorn machine, and in addition to freshly popped popcorn, we also provide a large jar of dill pickles and either a pizza or hot dogs with all the trimmings. The residents love the fresh night air, and the chance to kick back in the cushioned chaise loungers sur- Preprinted Follow-up Cards By Maitri Johnson Follow-up is always a challenge. To increase momentum in the follow-up area with all customers, we designed a general postcard serving as a written Thank You. The card features a cool design on front with the message: Thank you for visiting our community and we look forward to welcoming you as a resident. Leasing professionals have the option of adding a customized comment to the card. Piggyback Idea: Attach it as a perforation to the "Welcome/Guest" card. We Welcome Work Orders By Thai Starks on-site We decided that when a prospect visited the property and toured, we would offer them the opportunity to put down their deposit to reserve the apartment, and complete their paperwork (lease, addenda, parking affidavit, etc.) right then and there. Not only would that save them a trip back, but they would not have to worry for one more second about where else to look, or about having a place to live. We offered refreshments while they took a moment to think about the decision. As a result, we had more leases signed and accounted for which eliminated the entire process of adding them to the waiting list, calling them to bring in the rest of the deposit, and wondering if they'd change their mind or cancel. Since this was a student property, this also alleviated the parents' concern about their child having a place to live. rounding the pool or float in the pool on the provided lounge floats while they watch a free, "hot rental" movie. The results are fantastic - for only around $150 per month! Sometimes residents are hesitant to submit a work order because they don't want to be thought of as "problem residents." To make them feel more comfortable calling problems to our attention immediately, I include several copies of our work request with every move-in and renewal letter. These requests can be simply dropped into our drop box in the event that the resident prefers not to report the problem by phone. The fact that they receive several copies lets them know that we don't expect a service request from them to be a one-time thing. This demonstrates our dedication to serve them and make their stay at our community as enjoyable as possible, and it increases renewals and referrals. Residents report their maintenance requests in a more timely fashion, allowing us to serve them in a timely manner, as well! Visit our website at www.Multifamilypro.com to subscribe or call 800-363-7384 27 P R spOtlight Gerry Hunt Property Manager Paragon Properties Company on-site Located in: Bingham Farms, Michigan (Metro Detroit) Responsible for: 990 Years in the Apartment Industry: We purchased our first two-apartment house in 1963! I started working for other companies in the multi-housing industry in 1992. What does it take to be the best? Being the best takes a passion for life and for what you are doing. With that passion comes enthusiasm and a drive for excellence. Our industry has settled for mediocrity for many years, settling for 'warm bodies' instead of seeking superstars. When we train, we cannot give a new staff member a greater gift than being honest with them. If they do not have the passion to succeed, I believe that we need to tell them to find something else to do. When the passion is there, the drive for excellence follows. We also need to realize that this is not a 'life and death' matter… have fun with what you do. Life is so short, so enjoy it! Choose your attitude! What performance tip or suggestion would you offer to someone who's just starting out in your field of expertise? Find a mentor: someone who loves what they do. Look at each person walking through your door as an opportunity, and not an interruption - have a servant's heart! Read everything you can get your hands on that pertains to our industry. Take Grace Hill's online training courses (www.gracehill.com), even if you have to pay for them yourself. Strive for excellence in all that you do! What is your favorite idea, tool, tip, or technique? An idea that is a new favorite of mine started at Brainstorming East! On Thursday, the last day of Brainstorming, I sat at a table with some awesome marketing people. I explained that I had a brand new, 5 star property with every amenity you can think of, and an occupancy problem. We had literally stopped building! I needed an idea to help establish name recognition, and fast! The 28 Multifamilypro community is set in a residential area, and just isn't a “driveby” location! The resulting idea was to host a Taste Fest, complete with a theme and several giveaways. Well, I came back home and contacted a local restaurant owner and suggested the idea, and it took off from there. We held the "Taste of Harrison Township" on September 6th, and we were overwhelmed with the turnout! We expected between 100 and 150 people, and we had between 750 and 1000! Here's what we did: There were 18 restaurants involved. We used one of the carports for the food area. We also partnered with a nonprofit volunteer organization that promotes tourism in our area (we are right next to a huge lake and the area is called "Boat Town"). We charged $10 to those folks that wanted to sample the food. We had a DJ, carnival rides for the kids, and the local Fire Department was there all afternoon, allowing kids to hold the hose and climb on the truck; and offering adults the chance to ride up in the engine's "bucket." Budweiser set-up a beer and wine tent. A local classic car group set up a display - what fun to see all of those shiny old cars! We had local merchants giving away coupons. We even had a "trackless train" riding the property! There were three local newspaper photographers there, as well as one of the Detroit TV stations. In our community center, we had cheese and crackers and desserts. We gave away smiley face bags (from great American Business Products) with our name on them. The bags were filled with our private label water bottle (from Granny's Goodies), a pot holder shaped like a house with our name and the theme of the event, (also from Granny's Goodies) and of course a colorful coupon for a rent incentive. Residents volunteered to take people on tours of our community, Prentiss Pointe. The theme was "Let's get to the Pointe" And “Living anywhere else is POINTE less.” Four visitors applied that afternoon, two the next day, and two the following week - not a huge number, but remember the event was to promote name recognition! Everyone loved it - residents, staff, the restaurant, and the community. Our name is still being mentioned, and it all started at Brainstorming East! I paid for the Carnival rides, cheese and crackers, potholders, water bottle labels, and port-a-potties. All of the printing of the signage was donated (directional, names of restaurants, etc). The newspaper donated a full back page ad plus five 3x3 inch ads. Everyone donated their time, including the DJ and my staff! My total investment was about $5000, and the property was as clean after the four-hour event as it was before. Most importantly, there are a lot more people who now know about Prentiss Pointe and how awesome we are! Reserve Your Seat NOW for Brainstorming EAST 2004! Visit www.Multifamilypro.com/brainstorming.htm (see back cover for details!) Marketplace resources upcoming events November 2-4, 2003 NMHC Technology Conference (non-members invited), the Fairmont, Dallas, TX. For information visit www.nmhc.org. November 6-8, 2003 NAA Assembly of Delegates (election of officers and planning for 2004), the Westin, Copley Place, Boston, MA. For information visit www.naahq.org. April 29-May 1, 2004 Multifamilypro Presents The 15th Annual Multifamily Housing Brainstorming Sessions™ - EAST, The Renaissance Waverly, Atlanta, GA. For the latest information and to reserve your seat now, visit www.Multifamilypro.com! June 24-26, 2004 NAA Conference and Exposition, Las Vegas, NV. For information, visit www.naahq.org. October 17-19, 2004 Multifamily Executive Educational Conference, Mandalay Bay, Las Vegas, NV. For information visit www.multifamilyexecutive.com. November 2004 Multifamilypro Presents The 15th Annual Multifamily Housing Brainstorming Sessions™ - WEST. Stay tuned to www.Multifamilypro.com! Visit our website at www.Multifamilypro.com to subscribe or call 800-363-7384 29