Successfully marketing an apartment complex requires you to find people who are seeking housing and place your advertisements in front of them at the right time and place. As you consider marketing strategies, list the places your target renters or buyers are likely to go when searching for properties. Be sure that your marketing materials are present in each place.
One of the most effective ways to market an apartment complex is by hanging a simple banner off of the building facing the street; this is particularly useful if your complex is near a major highway. If you are located away from main streets, consider putting up a sign that says "Apartments ...view middle of the document...
A tried-and-true method for apartment complex marketing, flyers are easy to create and distribute. Design a flyer that has a photo of the unit, lists the price and included utilities, and provides a phone number and email address. For ease of use, include tear-off strips on the bottom with contact information for quick reference. Place flyers on bulletin boards around the communities. Some good places to start are laundromats, coffee houses, universities, grocery stores and co-ops.
If your apartment complex does not already have a website, create one. The site should detail the specifics of each available unit and include more detailed information than would appear on a flyer. Be sure to include links to the rental application and any other important information, and make a page dedicated to contact information. Optimize the website to come up in searches for apartments in your city to increase visibility.
If you lease units at an apartment complex, you know what a huge challenge finding tenants can be, especially in communities that have experienced economic downturns. However, using marketing as part of your overall business strategy can help you fill those vacant units and put money in your pocket. While there is not a standard approach that works for everyone, try a few different marketing strategies, and stick with the ones that work for you.
Post Ads at Universities:
Universities are great places to find renters for your apartment complex. Contact the student housing departments at your local colleges and universities, and ask them to pass along your contact information to students who are looking for an apartment off campus. Go to the university community center and hang flyers that provide details about your apartment prices, sizes, features and benefits. Contact the local student newspaper, and ask if it will write a press release about your apartment complexes.
Create a Referral Plan:
Another marketing strategy you can use for your apartment complex is to develop a referral plan. Email or call your current tenants, friends and business contacts, and tell them you are now offering an incentive for anyone who refers someone who ends up signing a lease with you. Examples of incentives you can offer include a free month's rent, gift cards or cash.
Another low-cost marketing strategy you can use is to create a sign or flyer to post at busy intersections in your city. Since you want people to be able to see the sign as they drive by, include a concise summary of your apartment complexes. Make the font for your key selling points and contact information large enough for passing cars to read. For example, you might create a poster that reads, "Brand new apartments -- first month free! Call 555-1212 for details."
An important, but frequently overlooked approach to small business promotion and marketing is media (relations) and public relations. In addition to advertising, sales letters, and...