What's out and what's in.
[ILLUSTRATION OMITTED]
In The Community
Allowing residents to rent without Mandatory renters insurance for
renters insurance. all.
Lots of model apartment homes. Cutting back to one model--or
possibly no models.
Mini models decorated with dollar Fun, innovative mini models that
store type of merchandise. create a memory point.
Cheap plastic pool furniture. Well constructed pool furniture
in colors such as red or navy
blue, and indoor/outdoor
wicker style furniture with
couches and pillows.
Institutional, decorator artwork Art mixed in with high quality
for the all of common area wall displays, describing the
walls. services and benefits your
residents receive by living in
your community.
Not being "eco friendly" by not Showing residents that your
offering recycling to community is "green."
residents.
All Flash Web sites. User-friendly Web sites with a
combination of Flash and HTML.
Straggly, scraggly balloons, Balloon sculptures, arches and
poorly attached to an balloon and lighting
A-frame sign. combinations.
Letting the children in the Professionally landscaped, well
community play in parking built children's play areas.
lots.
CD music for the community iPod docking stations so
rooms. residents can play their own
"mixes."
Only branding your community Co-branding with companies such
and management company. as Restoration Hardware,
Target, Dell, Crunch Fitness or
Pottery Barn.
Internet cafes and business Free Wi-Fi for residents in the
centers as the only way common areas, indoors and out.
for residents to check
e-mail in common areas.
In the Leasing Office
Visible piercings or tattoos, Well groomed, professional and
weird hair striping, polished onsite staff.
inappropriate clothing.
Offering no flexibility in Flexibility. Renters will pay
lease length or expiration more if they can get what
date. they want.
Concessions. Rent increases--and ensuring
your staff knows how to sell
them.
Renewal concessions of any Offering unit upgrades as a
kind. standard for all renewals.
Increasing the value of the
asset is never a bad idea.
Selling endless "bullet points" of Selling not only services, but the
amenities in advertising. but the quality of the service
experience.
"It's her first day. Let the new Strong, well-planned mentoring
girl answer the phone." programs that assist the new
hire.
"Neutron bomb" community pictures Brochures and Web sites with
that have no people in them. actual people in the photos.
Cookies and lemonade Bottled water and healthy snacks,
such as fresh fruit.
Slow, low-quality responses to Fast, high-quality responses to
prospects' e-mails. e-mailed requests for
information.
Taking three days to tell a Instant approvals--and advertising
resident if his credit check the fact that you offer them.
has cleared.
One-size-fits-all sales Employee classes focused on
techniques. "generational leasing" and how
it affects the way prospects
both want and need to be
treated.
Manual, pegboard systems for rent Electronic check, auto debit and
collection. credit card acceptance.
The same-old, same-old every day "Theme days" during which the
in the leasing office. staff energizes everyone by
dressing up in costume and
decorating the leasing office.
Charging outrageous security Using surety bonds for security
deposits. deposit programs as an
alterative.
Inability to explain to residents Being able to give an informed
those mysterious and intelligent explanation when
"administrative" or prospective residents ask why
"move-in" fees. they have to pay the fees.
[ILLUSTRATION OMITTED]
In the Apartment Home
All stainless steel appliances. A mixture of black and stainless
steel appliances that gives the
feel of all stainless but at a
lower cost.
Laminate countertops. Granite, granite, granite.
Cheesy move-in gifts with the Gifts that reflect the quality of
company or community logo. the community, such as fresh
(Note: Toilet paper has never floral bouquets, gift cards and
been "in" as a move-in gift, other gifts you would actually
so it can't be listed as an enjoy receiving.
"out.")
All white, "eggshell" or beige Color, whether it's through an
walls in apartments. accent wall program or allowing
residents to paint their
apartment homes.
Two rows of shelving in apartment Three rows of shelving.
closets--with high ceilings.
Mini stackable washers and dryers. Full-sized stackables.
[ILLUSTRATION OMITTED] Lisa Trosien has more than 20 years of industry experience. She can be reached at lisa@apartmentexpert.com. |
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