Top 4 Multifamily Marketing Challenges

Don’t let these hurdles keep you from reaching your leasing goals.
October 20, 2022
Marketing

Challenge: Ineffective and Expensive Ads 

 

Solution: It’s not enough to know if a prospect heard about you online; you need to know exactly which online ad sources are generating calls, whether Google, Yelp, Apartments.com or anywhere else you advertise. Implement call tracking and Dynamic Number Insertion (DNI)—assigning a unique phone number to each ad source—to track which ones are bringing you the most leads.

 

Next, use lead scoring, such as LeadScore AI, to tell you which ad sources are generating true prospects.LeadScore AI analyzes call recordings to reveal caller intentions, such as rental inquiries. The insights are then populated into actionable business intelligence reports so property owners and management companies can know the true value of their advertising spend.

 

Challenge: Missing Calls and Opportunities

It’s frustrating to spend thousands of dollars to make the phone ring with leads, and then no one answers it! Of course, it’s understandable when you consider how inundated leasing agents are with constant resident requests and apartment tours with prospects.

 

Solution: Use an automated assistant to answer the phone and set appointments after hours and when agents are unavailable.

LeaseHawk’s ACE (Answer Calls Every time), the multifamily industry’s first conversational automated assistant, takes calls, answers questions, collects guest card information and sets appointments when leasing agents aren’t able to answer the phone. And it’s extremely successful at converting inbound calls to appointments. In fact, 30 percent of prospect calls answered by ACE resulted in guest card information being collected in 2018.

 

Challenge: Low Appointment Conversion

Just because a leasing agent answers the phone, doesn’t mean the call will result in guest card information or an appointment.

 

Solution:Help your leasing agents improve their interactions with prospects with Telephone Performance Analysis (TPA). TPA records real calls with prospects and scores them according to best practices. Leasing agents can then listen to their calls and learn how to improve their sales technique.

 

Challenge: Losing Momentum with Prospects

Once guest card information is obtained, now it’s up to the leasing agent to follow up. But it’s nearly impossible to keep track of which prospects have received pricing information, applications and other details using simple email programs and to-do lists.

 

Solution: Opt for a multifamily-specific program that allows leasing agents to keep track of all prospect communications in one place. With LeaseHawk’s Customer Relationship Management (CRM), agents can access real-time pricing information, view a contact’s entire communication history and receive notifications about new leads all in one easy-to-use mobile interface.

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