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Today’s Renter … And how to win their loyalty
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Page 1: Today's Renter

Today’s Renter… And how to win their loyalty

Page 2: Today's Renter

MobileMobile, mobile, mobile and why

Page 3: Today's Renter

Mobile, mobile, mobile and why?

• Real-world tips on what you should be doing (now!) to cater to the mobile renter

Page 4: Today's Renter

Mobile, mobile, mobile and why?

• Real-world tips on what you should be doing (now!) to cater to the mobile renter

• Learn how renters engage on mobile platforms; what features they want, what prices are most searched for and more

Page 5: Today's Renter

Today’s Renter is “mobile”

Page 6: Today's Renter

How do Renters Engage?

Page 7: Today's Renter

How do Renters Engage?3 Key Ways…

Page 8: Today's Renter

How do renters engage?

1. Location based search

Page 9: Today's Renter

How do renters engage?

1. Location based search

2. Viewing Photos

Page 10: Today's Renter

How do renters engage?

1. Location based search

2. Viewing Photos

3. Filters

Page 11: Today's Renter

How do renters engage?

1. Location based search

2. Viewing Photos

3. Filters

•Most popular filters: • National• Some city highlights

Page 12: Today's Renter

Survey:How often do you use your devices?

Page 13: Today's Renter

98% of renters used their mobile Device at least once a week in

their home search

Page 14: Today's Renter

On-Site Mobile Traffic

2012 to 2013

• Desktop traffic increased by 10%

• Mobile traffic increased by 275%

• Tablet traffic increased by 75%

Page 15: Today's Renter

On-Site Mobile Traffic

2013 Mobile Analytics Summary

• 2.6 Pages/Visit

• Avg. Visit Duration: 2 minutes, 33 seconds

• iOS Apple: 15% of total traffic

Page 16: Today's Renter

How to win renter loyalty?

Page 17: Today's Renter

How to win renter loyalty?

Value their time. Engage them when, and how they want to

engage you. Mobile.

Page 18: Today's Renter

Property WebsiteMust haves for your property website

Page 19: Today's Renter

Property Website Essentials

• Brand and Content Management• SEO structure• Optimized for mobile• Video Integration• Apply Online• Prospecting• Resident Access

Page 20: Today's Renter

Brand & Content Management

Page 21: Today's Renter

Search Engine Optimized Structure

Page 22: Today's Renter

Mobile User Experience

Page 23: Today's Renter

Responsive Design

DesktopTablet

Phone

Page 24: Today's Renter

HD Video Tours

The Process

1. Script

2. Picking the TV Host

3. Lights, Camera, Action!

4. Video Editing

5. Market That Video

Page 25: Today's Renter

Prospect

Page 26: Today's Renter

Apply Online

Page 27: Today's Renter

Resident Access

Page 28: Today's Renter

Renter Loyalty

An attractive, well designed website that can be found by search engines leads to a good user

experience for prospective renters.

Page 29: Today's Renter

Renter Loyalty

An attractive, well designed website that can be found by search engines leads to a good user

experience for prospective renters.

Convenient resident access 24/7 to pay rent, manage work orders and review renewal offers

on a mobile optimized platform increases resident retention.

Page 30: Today's Renter

How to win renter loyalty?

Page 31: Today's Renter

How to win renter loyalty?

Value their time. Your website expedites every step of the renter lifecycle. Create an essential website.

Page 32: Today's Renter

Lead ManagementLead tracking and why asking "how did you find us?" won't get you the answer

Page 33: Today's Renter

NHMC OpTech – Top Tweets

37% of leads industry-wide are not followed up on. – @brentwilliams2

Page 34: Today's Renter

Lead Tracking

• Lead Acquisition• Lead Management•Prospect Follow-up•Reporting

Page 35: Today's Renter

Lead Acquisition

• Communication options• Web form – Data collection• Phone call (Local or Toll-free number options)• Email• Click-thru to website• Direct data entry (in-person visit)

Page 36: Today's Renter

Lead Management

Page 37: Today's Renter

Prospect Follow-up

Page 38: Today's Renter

Reporting

• Analyze performance and conversions• New reporting paradigms

Page 39: Today's Renter

How to Win Renter Loyalty

Adopting an online lead tracking and management solution with tools that facilitate guest card

follow-up increases renter confidence in the sales process.

Page 40: Today's Renter

The new ILS landscapeAnd predictions for the next 3 years

Page 41: Today's Renter

ILS prognostication

• You’ll see more consolidation• New business models will emerge• A change of the guard• Power goes back to the Professional

Page 42: Today's Renter

You vs. Craigslist (round 5)

Page 43: Today's Renter

Craigslist and You

What Happened?• Craigslist no longer supports common HTML tags

and external images for all posts in the Housing section of the Craigslist website

Page 44: Today's Renter

Craigslist and You

What Does this Mean?• All Craigslist users, including On-Site Posting Tool

users, can no longer market their communities with posts featuring advanced layouts, tables, colors and embedded images. These policy changes also prevent us from tracking your ad views and ghosted listings

Page 45: Today's Renter

Craigslist and You

What Does this Mean?• All Craigslist users, including On-Site Posting Tool

users, can no longer market their communities with posts featuring advanced layouts, tables, colors and embedded images. These policy changes also prevent us from tracking your ad views and ghosted listings  • The Posting Tool remains seamlessly integrated into

your browser, incorporating the latest pricing and availability information from your marketing dashboard when creating ads

Page 46: Today's Renter

Craigslist and You

How is On-Site Responding?• To prevent users from having their ads blocked or

ghosted by Craigslist, we’ve removed all templates featuring unsupported HTML tags from the Posting Tool

Page 47: Today's Renter

Craigslist and You

How is On-Site Responding?• To prevent users from having their ads blocked or

ghosted by Craigslist, we’ve removed all templates featuring unsupported HTML tags from the Posting Tool• Posting Tool’s built-in safeguards by making our

text-only templates available at all times

Page 48: Today's Renter

Aftermath from the Storm

• Start-ups angling to grab a piece of the apartment search market

Page 49: Today's Renter

Aftermath from the Storm

• Start-ups angling to grab a piece of the apartment search market• Prospective renters still

gravitate to Craigslist

Page 50: Today's Renter

Aftermath from the Storm

• Start-ups angling to grab a piece of the apartment search market• Prospective renters still

gravitate to Craigslist

• Our competition is in the same boat

Page 51: Today's Renter

What’s the Plan?

Page 52: Today's Renter

What’s the Plan?

• On-Site will focus on our relationships and partnerships with up and coming start-ups

Page 53: Today's Renter

What’s the Plan?

• On-Site will focus on our relationships and partnerships with up and coming start-ups• Technology solutions for enhanced posting

process (photo upload, links, etc.)

Page 54: Today's Renter

What’s the Plan?

• On-Site will focus on our relationships and partnerships with up and coming start-ups• Technology solutions for enhanced posting

process (photo upload, links, etc.)• Phone number tracking

Page 55: Today's Renter

What’s the Plan?

• On-Site will focus on our relationships and partnerships with up and coming start-ups• Technology solutions for enhanced posting

process (photo upload, links, etc.)• Phone number tracking• Posting templates that adhere to the new

rules

Page 56: Today's Renter

Performance Impact

Page 57: Today's Renter

Performance Impact

Before• 10/1 - 11/5• 310k visits• 240k unique visitors• 830k Page Views• 2.7 pages/visit• 2:26 avg visit duration• 72% New Visits

Page 58: Today's Renter

Performance Impact

Before• 10/1 - 11/5• 310k visits• 240k unique visitors• 830k Page Views• 2.7 pages/visit• 2:26 avg visit duration• 72% New Visits

• Top referring sites for traffic• Google, Direct, Bing, Yahoo, SF

Craigslist, Seattle Craigslist, Sacramento Craigslist, Portland Craigslist

Page 59: Today's Renter

Performance Impact

After• 11/6 – 12/15• 297k visits• 230k unique visitors• 844k Page Views• 2.8 pages/visit• 2:36 avg visit duration• 71% New Visits

• Top referring sites for traffic• Google, Direct, Bing, Yahoo,

Yelp, Trovit

Before• 10/1 - 11/5• 310k visits• 240k unique visitors• 830k Page Views• 2.7 pages/visit• 2:26 avg visit duration• 72% New Visits

• Top referring sites for traffic• Google, Direct, Bing, Yahoo, SF

Craigslist, Seattle Craigslist, Sacramento Craigslist, Portland Craigslist

Page 60: Today's Renter

How to win renter loyalty?

Page 61: Today's Renter

How to win renter loyalty?

Establish a presence where your renters are searching and maintain a current toolset that adapts with the changing

ILS ecosystem.

Page 62: Today's Renter

Home Buyer vs. RenterHow a home buyer's behavior differs from a renter's

Page 63: Today's Renter

Differences

• Decision cycle is longer• 6M before purchase• Fewer contacts• Complicated process• 5-7 year avg. time in a

house• Ages tend to be 30+• Patient (depends)

Buyers

Page 64: Today's Renter

Differences

• Decision cycle is longer• 6M before purchase• Fewer contacts• Complicated process• 5-7 year avg. time in a

house• Ages tend to be 30+• Patient (depends)

Buyers Renters• Shorter window• 3-6 weeks•Many more contacts• Simpler process• 1-3 yr average time

before move• 22+• Impatient