Free Toolkit: Using Video for Marketing and Leasing Apartments
Inside the toolkit:
- Learn how to record an apartment video tour that converts.
- Watch our step-by-step unit recording best practices video.
- Download our 9-point cheatsheet for future reference.
About the Toolkit
Just about every apartment available for rent these days offers a virtual tour to prospective tenants. But these impersonal tours often aren’t able to capture the true charm of a unit, and renters may feel as though they still need an in-person visit before they commit.
This downloadable resource will explain exactly how you can use pre-recorded video tours to promote your property. It includes a step-by-step guide to get you started on using video to advertise your properties, as well as some of the market research supporting this approach.
Apartment Marketing Ideas
When it comes to marketing a multifamily property in the lease-up phase, there are a few important points to keep in mind.
During the lease-up phase, there are a few important apartment marketing ideas 2020 to keep in mind. The goal is to have as many people come and visit the apartment building as possible, but also to get as many people to visit your website and ‘experience’ the property online too. While hosting open houses and running events that will attract prospective residents to the property, it’s also important to cater to and capture the attention of your online audience as well. Consider hosting virtual open houses and posting engaging video content for people online to be able to truly experience your space online without having to physically visit in person. Apartment marketing ideas for lease-ups can range from partnering with local businesses for pet events, beer tastings, volunteer events, and more.
Once an apartment complex has reached the stabilized phase, it is a good idea to shift marketing efforts and dollars. Once stabilized, it is important to transition to fun marketing ideas for apartments that showcase your residents and the lifestyle of living there. One of the best ways to do that? Video! Consider posting and sharing a video of a pool party or even a field trip to a local apple orchard when thinking about apartment marketing ideas for fall. Don’t forget to capture resident testimonial videos as well though. All of this video content is engaging and can go a long way towards maintaining the stability of the apartment complex over the long-term.
Marketing Ideas for Apartment Lease Up
During the lease-up phase, the apartment building is trying to increase its occupancy rate as quickly as possible. Ideally, the occupancy rate should reach 90 percent as quickly as possible.
Since a lot of the lease-up time can be spent pre-leasing during construction, one of the first things that a lot of teams will typically focus on is catchy apartment names or clever apartment names that are easy to remember. Surprisingly, a name can be a key component of your lease-up marketing as it will keep the name of the building front and center in the minds of prospective residents.
It’s also a key time to start showcasing the property and one of the best ways to do that during pre-leasing and lease-up is Realync’s video leasing solution. Especially during construction and as the building is being completed, Realync videos are one of the key ways for apartment marketers and leasing agents to improve their efficiency in showcasing a space that’s still rough, dirty, and being completed. By being able to offer a virtual tour that doesn’t require prospective residents to come to the property, this means that you can better engage with prospects and get more eyes on your vacant units. By taking the tours to your prospects, teams have been able to improve conversion rates and get more leases signed quicker.
Outreach Marketing Ideas For Apartments
One of the cornerstones of advertising the modern multifamily unit is to think about outreach marketing ideas for apartments. Many people who are looking to live in a multifamily unit are looking for a sense of community. This needs to be thought about carefully when it comes to marketing ideas for luxury apartments. Many of the tactics for advertising a luxury apartment building effectively should center around something that prospective residents might not be thinking about. For example, consider bringing in some local businesses for special shopping events, cooking classes, beer tastings, pet adoption events, and more.
These sorts of marketing events for apartment communities are true partnership advertising events. It takes the pressure off the attendees to not feel like they’re solely there to shop for a home. They’re also there to experience or learn something new as well. This is a great way for prospective residents to learn more about the building while also getting to know some of the other prospective residents too. This form of outbound marketing can help an apartment building fill up units in shorter order.
Apartment Marketing Complexes
Another idea for marketing an apartment complex is to consider outsourcing the job to trained professionals. There are lots of organizations out there who specialize in the marketing of multifamily communities.
These professionals often have a number of resources at their disposal that can end up making a tremendous difference in the overall occupancy rate. By understanding specific markets, demographics, technologies and more, these multifamily marketing agencies can typically bring a lot of efficiencies to your marketing efforts.
At the same time, there is one form of marketing that cannot be outsourced. This comes in the form of touring. While the status quo for multifamily touring is the tried and true in-person tour, research shows that more and more prospective residents no longer even desire to visit a property in person. According to NMHC, 16% of prospects no longer want to visit a property in person prior to signing a lease. This audience understands that technology can now provide an actual, transparent experience and show them their exact unit via video tours and virtual tours. These apartment video tours can be integral in showcasing the major features of your apartment complex and providing unit-specific tours for this audience. The key component though is transparency and trust. One way of instilling that is by keeping a leasing agent as part of the process to humanize it, personalize it, and answer questions for leads.
The best way to provide virtual tours that convert? Realync’s video leasing solution! Realync enables leasing agents to record their own DIY pre-recorded video tours as well as host a live video tour for a specific lead or prospect. These experiences can be personalized and are shot using nothing more than a smartphone or tablet. By showing the exact unit in a real way, these experiences are proving to be exactly what prospective residents are desiring.
Apartment Social Media Marketing Ideas
Good apartment marketing wouldn’t be complete without leveraging multifamily social media marketing to your advantage.
While it can vary by demographic, the vast majority of prospective residents are on social media. Therefore, social media marketing for apartments should be the top of your marketing to-do list.
What works on social media? Being real. Research shows that Gen Z and Millennials no longer place value on the highly produced, highly photoshopped marketing materials. The best converting multifamily content is the content that shows the exact unit, shows exactly what it could be like to live at the property, and more. Consider interviewing existing residents to be able to post and share resident testimonial videos. Some other key apartment social media ideas can be posting videos of resident events. Or consider sharing special lease offers as part of your multifamily social media marketing strategies. It’s all about testing with your audience and seeing what sticks and works best for you.