Kate Good Consulting
Speaking & Training
Tools of the trade


Monday, December 12, 2011

What Lionel Richie Knows About Marketing

The year was 1984 and the last thing I was thinking about an article I would be writing decades later for my marketing career. My head was full of ideas for my Sadie Hawkins Dance outfit and my date for the night. I popped in my favorite cassette tape called "Can't Slow Down" and started singing along with Lionel Richie. "Hello" became his most popular song of all time as it hit number one on 6 music charts. Executives at Motown Records hum this song because it helped lead the way for this album to be the best selling in the history of the company.

Can you hear it in your head? Sing along as we talk a little marketing.
When he was young, Richie watched beautiful women walk past but was too shy to talk to them. He thought to himself, "Hello, is it me you're looking for." Years later he started to write a song using the phrase but got stuck and gave up. But his record producer liked the line and urged him to finish it. Richie left this off his first solo album, but his wife Brenda liked it and insisted he include it on Can't Slow Down. And so the famous line was born that became my marketing mantra:

Hello, is it me you're looking for?
'Cause I wonder where you are
And I wonder what you do


Great marketing starts with knowing who you want to attract to your product. Who will think this is the perfect home? Who is looking for this location and amenities? After knowing who you are looking for, you have to go find them. Today, that task is not as hard as it was years ago. When I started in the busines, over 20 years ago (SHIT!), my manager would have us all meet on Wednesday morning to design a catchy tag line for the column ad in the weekend paper. Our favortie was "NOW pLEASING". Catchy? NOT! It was such a shot in the dark! We made gut decisions and ran with tag lines that sounded good to us. We had no idea until Monday if they were effective.

When I look back I wonder how we ever leased a property to capacity. What were we thinking? Well, I guess you do what you know is best until we know better. And that is the point of this blog. Friends, you know better if you would just read your reports. Every marketing source you are investing your meger marketing dollars will tell you information that is very helpful to your decision making process. You cannot do all the marketing you want but you can do some of the marketing you want. It is so important that you are putting your money where your future renters are. Read your reports. Listen to your vendors. Ask them pointed questions. Survey prospects and residents.

Today, in a meeting with my Apartment Guide rep, he actually advised me to pull out of print because my online presence was pulling qualified traffic. I could back up his data with my own. And, I don't care how big the gift basket is that the advertising source gives me on my birthday, if that ad is not pulling, I am not going to spend my owners money.

Make yourself look good by doing and asking the following:
1. Are you attracting qualified traffic? (I'd rather have 20 qualified people a week and 62 I am not sure about.)
2. Who currently rents are your community? Can they handle the rent increase we have planned for them in the next three years? Do I need to attract a client who can afford more? (Plan ahead.)
3. What source IS my best source for my qualified traffic?
4. Of my skips and evictions, what sources attracted them?
5. Do you know what your residents like to do in their freee time?
6. Do you know how to reach your residents and potential qualified traffic?
7. Do you still love singing along to Lionel Richie?
8. Are you using data to make decisions and not your gut?

Asking the questions in the lyrics of "Hello" helped Lionel reach the greatest success in his professional career. You have that opportunity too. Ask the right questions, listen to the answers and make the best decisions.

Wednesday, December 7, 2011

Plan Your Work and then Work Your Plan


Plan the Marketing… Then Work the Plan
Feature, Features, In Focus, Property Management, Property Management
Published Nov 30, 2011

By Diana Mosher, Editor-in-Chief

As the year winds down, marketing plans are being finalized for 2012. It’s time to do some serious thinking about what worked in 2011 and what should get carried forward to 2012. A lot of good marketing ideas get rolled over from one year to the next, but when new ideas come up will the team have the resources and funds to execute them? A proponent of “planning the work and working the plan,” multifamily marketing consultant Kate Good recently shared a number of tips during a webcast “Essential Elements of a Successful Marketing Plan” produced by Multifamily Insiders and sponsored by VaultWare.

In addition to her role as a speaker and trainer, Good also serves as a marketing director and she’s currently working on several properties including a lease-up in Birmingham, Alabama. “Let me tell you, it’s so great to see new construction happen again. I love the sound of a job site. The great thing about a lease-up,” says Good, ” is you really get to start fresh with your marketing and your brand. I like that. Typically you have a bit more money in the marketing budget because you have so many apartments to lease in a short amount of time. So we can investigate some deeper investments in our marketing message.”

But Good also enjoys older properties that come to her with a different challenge. Maybe they’ve noticed a change in their demographics. Or perhaps they don’t have the position they once had, and they want to work on regaining market share… but, they don’t have a lot of money for marketing this year, so they’re looking for low cost/no cost ideas.

Good has plenty of marketing ideas for little or no money. “But those ideas don’t just get implemented without a plan,” she notes. “First there must be a foundation for the entire program; all those ideas that we plug in are great, but first we have to put forth the plan. What is it you want to accomplish and how will you execute it?”

“I truly believe in planning your work and then working your plan,” says Good. “When you plan your work, it makes it much easier to communicate to the entire team what’s going to be the focus and what will be important in the coming year. It’s so important to have that bird’s eye view of the entire year.”

Good points out that marketing is really just the process of observing and gathering information. One of her favorite strategies is “clustering,” a technique she picked up from her former colleague Stephen Covey (author of The 7 Habits of Highly Effective People) while working at Day-Timers. “Stephen Covey is a brilliant mind. One of the things he taught me was that all along—up until the point when you write your plan—you should be collecting. Grab a file folder and write on it ‘my great marketing ideas.’ And every time you run across an idea in a magazine, or see an idea while you’re driving down the street of something you want to do, toss the information in the file. My own folder has things I’ve drawn on napkins and notes I’ve scribbled on scraps of paper.

“Then, when you sit down to write the marketing plan, take each item and start researching and writing and figuring out where it will fit in. This will help get you the energy and momentum which I think is so helpful,” says Good.

The challenge Good hears so many times when working with property managers across the country is that they don’t even know if the marketing plan is worth the effort to write because what are the chances they’ll get the money to execute the plan. She notes that the resources requested have to be directly related to the business goals of the apartment company. “Whenever I can justify that in my marketing plan, it’s not hard for me to ask for the dollars that I’m going to need. It becomes very worthwhile.”

Good adds, “Never go to an owner and say I want to try this and it’s going to cost $35,000 dollars. Instead, say ‘I need 12 leases and here’s how I’m going to do it.’ Your entire marketing plan should support that business goal. I’m not saying you can write a $4 million dollar marketing plan, and expect that you can get approval. You have to value engineer that marketing plan. But the end result of your marketing should always be about profit to the property and how to help the business thrive.”

Thursday, October 20, 2011

Creating Demand When What You Offer Is Not Enough

No pool?

Wish you had a workout room?

Kitchens with old appliances?

In my career there is one thing I love more than leasing apartments and that is to
get on stage and talk about great leasing techniques. But to be a believable
speaker, I have to do what I speak about with my audiences. This is why I
love to pick up the model keys and leasing kit whenever I am visiting one of
my consulting clients. Leasing is always a challenge for me because I am
rarely working on a property that has it all and is leading the market. Why
would that owner need me?!? My consulting projects are typically turning
around a leasing and marketing situation to improve economic occupancy.

My job would be easy if each apartment had granite countertops and a rocking
amenity plan to add to the value of the apartment community. Most times, I
am working on properties where there is a gap between what the customer
wants and what we offer. This is when an emotional connection can win the
leasing game. Here are 10 things you can do to create that connection:

1. Before you ever show an apartment, make certain you ask questions to find
out what is important to this customer. Using this key information on the
leasing tour will help your customer see that this apartment meets their
needs.

2. I don't have to tell you to use the customer's name, you learned that
years ago in leasing class. But, here is a thought to take that idea one step
further: Create a connection by putting their name on the water bottle you
present to the customer. (Another reason to set an appointment and know when
the customer is visiting!) Their name on the water bottle not only says "we
are expecting you" but also says we want you to be our next new resident. A
clever leasing team at Woodbury Park in Minnesota shared this idea with me. They found
bottled water at Walmart which are perfect for writing the customer's name
with your trusty Sharpie Marker (see example).

3. Remove any hassle that exists in the leasing process. Make it easy to
lease an apartment with you. This is an indication of your ability to manage
their home and provide great service. Services like real time availability
and on-line leasing with Vaultware could be the winning factor when your
community can't compete with the property with 6 swimming pools and valet
trash removal!

4. Speaking of valet trash removal, have you considered this? My friend,
Scott Stamilio who represents Valet Waste, informed me that this is an
excellent service to add because the resident sees tremendous value in
having their trash bags removed from their door step 5 days a week. They
even take care of recycling too. Adding this service can justify your
competitive rents even when you don't stack up with interior and exterior
amenities. You may not be able to build an outdoor kitchen like the new
property down the street, but you can certainly add this service and every
resident will enjoy not having to walk to a stinky dumpster.

5. Show the customer everything. One thing we heard over and over again
when Apple Founder, Steve Jobs, passed away was that he had a gift for
imagining what we did not know we needed. Many times you may offer
something that the customer did not consider for their list of apartment
needs and wants. However by demonstrating all features and amenities, you
may just strike a chord and the customer's interest peaks.

6. Slow down. Don't be in a hurry to rush through your model. This is
your number one sales tool. Invite the customer to take a seat on the couch
and continue your conversation with them. Making themselves at home could
be what they need to see this as their new home. Here is a tip from the
awesome leasing teams at Pacific Living Properties in Sacramento, CA, if you
open the refrigerator in their model apartment you will see festive
streamers, drinks and delicious snacks.

7. Invite the customer to pull out their trusty smart phone and shoot a
video of the apartment so they remember it.

8. Take what you have and make it a little better. Customers notice when
things are broken so fix them. Fix everything. The goal of your apartment
community is to have zero defects. The customer may be able to live without
a tennis court but they are not interested in living where the gates don't
work. Just ask anyone who works for Avalon Bay Communities and they will
tell you their motto is "neat, clean and working".

9. You are better than any amenity your property owner could build. We like to
buy from people we like. Be likable by going out of your way to show this
customer they are important to us. Be friendly and personable.

10. Testimonials are the new marketing. You could have the best leasing
presentation created by years of experience but your customer reads
testimonials and can be seriously influenced. Make certain everyone on the
team understands that we are working hard to make sure our customers always
have something great to say about your community. Then when asked the testimonial
is always a good one.

You can compete with apartment communities that have more amenities and or
newer apartments. Put these 10 steps into action and you will mind the gap
and create customers.

8 Tips to Increase Rent for New and Renewed Leases

Originally Presented by Kate Good
8/25/2011

Our friends at Vaultware have been tracking rents and report that rents are increasing in each region of the country when compared to rates last year. It seems everyone is doing it! Are you raising rents? Don't let your apartment community get left behind and leave money on the table. Here are 8 tips to help you increase rents. (Click on this link for the Vaultware Rent Increase Study http://kategoodblog.blogspot.com/2011/09/vaultware-says-raise-rentseveryone-is.html)

1. Set yourself up for success. You can't pull a rent increase out of thin air because people are going to want to know why rent is increasing when it seems the country is still in an economic crisis. In this email you will see charts tracking rent increases across our country. The apartment industry is recovering faster than other sectors of the real estate industry. Be prepared for this conversation as there is certain to be pushback from the renter who, based on sluggish economy reports, is not expecting a rent increase. In fact, they may be looking for a concession!

2. Prepare your team for this question "Why are rents going up?". Have a response that everyone understands and is comfortable delivering. Educate your team as to why rents are increasing and prepare them for this conversation with residents. Remember, every member of your team should understand this strategy and what to say to a resident. Your service team spends more time with residents compared to us. Do they know why rents are increasing and how to discuss this with customers?

3. If you are nervous about raising rents, get over it. This is a business and although we love our customers and want to help them, we still have a fiduciary responsibility to make this apartment community profitable. Deliver your rent rates with confidence. I know there are customers you consider friends and you are aware of their personal plight. Pushing a rent increase may be difficult but you have to take your emotions out of this part of your job and meet the properties economic potenial.

4. Flat rate pricing makes it very difficult to increase rents. Get the highest rent you can by understanding what makes each individual apartment unique and valuable. Some are worth more than others to the renters and should be priced accordingly. In addition, when you have everyone paying the same price, everyone is going to expect the same deal upon renewal because let's face it, residents talk to their neighbors. This is a difficult pattern to break until you create price differential.

5. If you are hearing "no" find out why. Understand what the market is telling you. Make adjustments.

6. Monthly market studies are worthless. You have to study your market each week if not each day! This market intelligence will help you find your optimal rent rates. Check out Vaultware's market survey product and get instant alerts when your competition is adjusting rents. Now that will make you smarter!

7. Apartment All Star, Michael Benton, reminds us that competitors don't steal happy residents. Great point! Above everything, a good customer service program should be part of your rent increase strategy.

8. Invest in Yield Management software. Having a tool like this will help you maximize rents on a daily basis taking a lot of the work and emotion out of the process. YieldStar or Rainmaker will be on the job even when you need a day off! Look into this. This is a solid investment that pays for itself.

Wednesday, October 19, 2011

Strong Companies in a Weak Economy

Inc. 5000 companies grew despite of the recession and they tend to continue to be an optimistic bunch. Recently, Inc. surveyed this group of CEO's to determine their confidence about business and the economy. The results show that even with a less than optimistic view of the economy, there is still opportunity to grow a business. Nearly 90% of the CEO's surveyed say they will increase the size of their workforce in the next six months. 78% reported that sales were up in the previous six months compared with last year in the same period.

This rock star bunch of leaders are concerned about economic uncertainty and find it difficult to forecast the upcoming year. Another concern is the morale of their team members who know that poor attitudes leads to a lack of motivation and productivity. And so, taking control of what they can, Inc. 5000 CEO's are planning plenty of rewards and recognition of team members in 2012.

As I travel throughout the various companies and events in our industry, I am seeing improvement in market rents while most are waving goodbye to concessions. We are in the same situation as the Inc. 5000 companies surveyed because we are gaining strength in a weak economy. I too share the same concern that the last few years has taken a toll on our teams. If you were in the home office, you probably witnessed each department cutting back. We all had to exert increased personal energy to do more with less all while fearing that we may be next on the chopping block. Our on site teams were forced to step outside of the norm and negotiate with customers while many managers were not equipped with this skill. Leasing consultants had to step up their sales ability to get their unfair share of leases. And lets not forget our maintenance team who often had to prepare vacant apartments twice, once when the move out occurred and then again to refresh a stale home that had been vacant for 64 days.

We have all carried our share of weight and now it's time to celebrate our strength. In the coming weeks, I have been asked to emcee several awards events for some of the biggest apartment associations in our country. Each has reported a record number of entries to honor the hard working team members in our business. This makes me very proud and excited to be a part of the celebration. Without a doubt, morale will be at an all time high and that always translates to improvement to the bottom-line.

What are your company's plans to boost morale and reward for strong performances which have kept your company competitive during the recession? Although everyone cashes checks representing monetary reward, many people admit that mere recognition is all they need. I guess that supports a lesson we all know, "what gets rewarded, gets repeated".

Tuesday, September 20, 2011

Vaultware Says Raise Rents...Everyone is doing it!

Just in time for my Webinar discussing the hottest topic in the industry today, Raising Rents, my friends at Vaultware shot over these charts to support my program. You don't have to own the apartments you are renting to get excited about this! Every region of our fine county is experiencing rent increases compared to last years rental rate. Yes, that includes Florida! I'm so excited I might hit the sale rack and celebrate with a new pair of shoes. Of course, I will still use a coupon for an additional 10% off.


Tuesday, July 12, 2011

Make Your Point!






I want to give a big round of applause to Southwest Airlines for taking a unique selling position and really driving it home. When Southwest decided to not follow all the other airlines who have crazy bag fee's, they embarked on one of the most creative and complete campaigns I've witnessed in years.


Who did not laugh at the commercial showing the baggage team on the tarmac watching the plane push back saying "I'm really going to miss those bags"? They said it as if their friends were leaving them communicating the point that bags are not enemies at Southwest.


They also found a new use for caution tape by using it to define the lines at their ticket counters calling it a baggage fee free zone. Great visual for all the people flying other airlines in the terminal who were just charged $50 for their bag!


Any to really punctuate the point, they painted their carts and planes and the message could now be seen at 35,000 feet.

The important marketing lesson is to complete your campaign. Having a banner with a marketing message is not a campaign and will not get as recognized as repeating this message throughout the leasing experience. Here are some places where you should extend your message:


Welcome sign

Team buttons

Team shirts

Stickers and stamps

Napkins for hospitality (cheapest thing you can buy!)

Pens

Outreach gift

Smart poster in model (see more on the smart poster in Kate's Great Ideas)

Flyer's, ads, Website


While researching this topic I learned that in May 2010 Southwest completed a survey of 3900 business and leisure passengers where they could pick from 55 choices what aspect is most important to them when choosing an airline. Here are the top five “needs” for business travelers:

1. Has good safety record
2. Offers non-stop flights where I want to go
3. Has convenient flight times
4. Provides good value
5. Does not charge fees

And the top five for leisure travelers:

1) Has good safety record
2) Provides good value
3) Does not charge fees
4) Offers non-stop flights where I want to go
5) Has sales on fares

The fact that charging fees made it on the top five for business travelers is surprising to me. Most business travelers do not have to worry about the fees, since their company will pick up the charges. However, the Southwest campaign has made even the business traveler think about fee's.

Southwest’s next step is to advertise they do not have ticket-change fees either. This won’t be as easy to get across to customers as the no bag fees. It is more obvious for a passenger to know if they have to pay for a bag. It is more difficult for passengers to know if something will come up and they will need to change their flight. Southwest feels confident they can get the message across with a series of new creative ads.

Gary Kelly, Southwest’s CEO and President, wondered out loud at their recent Media Day event, why airlines would do something passengers hate. He stated that Southwest feels lucky that almost every other airline is charging for bags and they are not.

We won’t know how successful no fees will be, but so far Southwest is reporting both growth in leisure and business travelers. I have previously stated it is not an airline’s fault for charging fees… passengers choose to pay them. If passengers are willing to pay fees, airlines will continue to charge them. If passengers rebel against the fees and choose airlines that do not charge them, you will see fees start to go away (although ticket prices will most likely go up). It is a great experiment and I think so far it is working well for Southwest.

Summing Up Google+

How does new social platform stack up versus other tools?
By Tom Flanagan
Tuesday, July 12, 2011.

Google's new social platform, Google+, launched June 28. The service started as invitation-only and with little to no marketing efforts, Google was forced to shut off the invitation mechanism due to the large volume of requests.

I've been following the conversations regarding the new application and it's been interesting listening to both the positive and negative feedback. Kristen Burnham, of the Web 2.0 Advisor blog at CIO.com, declared that "Users don't want another social network, what they want is a better social network."

On the flip side, I was surprised to learn that Kevin Rose, entrepreneur and co-founder of Digg, decided to forward his blog's domain name to his Google+ profile.

After numerous failed attempts in social media (Google Wave, Buzz and Dodgeball), there is a lot at stake for Google with this new platform. As Inman News columnist Gahlord Dewald stated in "Google +1: a social solution for the search giant?" there are many things Google isn't good at. Most of them involve social things.

1. Circles

Google+ is based on a "circle" analogy, and this is where Google's philosophy on sharing differs from Facebook. As stated in the interactive demo, "Circles makes it easy to put your friends from Saturday night in one circle, your parents in another, and your boss in a circle by himself -- just like real life."

Unlike Facebook, where a user broadcasts updates to a large audience, Google+ allows a user to break their "friends" into subgroups. These groups can be family, friends, co-workers, etc. This allows for very targeted conversations.

2. Stream

The Google+ Stream is very similar to the standard timeline you've come to expect. However, your Circles are displayed, enabling a user to select and view a Stream for that particular circle. This is actually a very nice feature.

You can also update your status here and you are not bound by the 140-character limit of Twitter. Some users may love this -- personally, I've grown to appreciate that number. Adding photos, videos and location is super easy, but there are some missing elements, including an accessible RSS feed. It will be interesting to see Google expand this module.

3. Hangouts

Hangouts is a video chat module that allows for group videoconferencing. As you may know, Facebook recently partnered with Skype to bring video chat to Facebook, and TechCunch wrote an in-depth article, "Facebook Video Chat vs. Google Hangouts: It's No Contest," which covers these features in detail.

Essentially, Facebook supports one-on-one video conversations and Hangouts allows group chats. In fact, up to 10 people are supported. I tested this module and quickly discovered that performance and quality are greatly enhanced with a high-speed Internet connection. This is an intriguing feature that could have a ton of potential for remote team meetings.

4. Sparks

Sparks is another useful feature. Just enter a topic, click "search," and articles from across the Web regarding that topic are streamed into the Sparks module. Topics are automatically saved and can be accessed at any time. You can be specific in creating Sparks. I was surprised at the different results displayed for "real estate marketing" and other industry-related terms.

5. Privacy

As with all social networking services, configuring your privacy settings in Google+ is imperative. To access your privacy settings, click the "gear" icon at the top right, select "settings," followed by "profile" and "privacy." Here you can customize everything from notifications to visibility.

Although Google is focused on the consumer experience, they announced via YouTube that they are developing plans for a business experience on Google+ that will be released later this year.

What I found most intriguing about the announcement was the availability of rich analytics and connection to other products, such as Google AdWords.

It is certainly too early to predict if consumers will adapt to Google+. Is it a Facebook and Twitter "killer"? I doubt it. As real estate professionals, do you have room in your busy lives for another social network?

Tom Flanagan is the director of information technology at Residential Properties Ltd. in Providence, R.I. You can contact him at tflanagan@residentialproperties.com or @tflan on Twitter.

Thursday, June 30, 2011

Would You Dip Into The Company Ink?


Before you think this article does not pertain to you, allow me to clarify that I am not writing about internal office dating. We will reserve that article for later! Today I am asking the question, how far would you go for your company? Would you consider allowing yourself to be permanently branded with your company's logo or icon in the form of a tattoo? I know, I know, you company does not allow for visible tattoo's right? Okay, let's stick to the concept and think about your loyalty to the company. How loyal are you?

Employees of Anytime Fitness, a workout chain based in Hastings, Minn., can get the company's purple running man logo permanently inked on their bodies by a tattoo artist who shows up at monthly training sessions. More than 350 employees have gotten permanent tattoos including CEO Chuck Runyon.

Runyon says the tattoo represents a significant commitment to the brand. Employees receive standard benefits like retirement plans and health insurance, but they also have flexible hours and an office culture that includes contests and giveaways among staff, a combination of perks that Runyon believes encourages employee loyalty.

Studies show that employer loyalty is not what it used to be. I remember a time when another company came to me with an offer I could not refuse. My salary would increase by $20,000 annually, and my bonus opportunity would double. They would grant me an extra weeks vacation and give me a hefty car allowance which would enable me to get the convertible ride I had been eyeing on the car lot. The only thing that was missing in the offer was the fact that it was not Trammell Crow. You see, I was loyal to my employer who had basically raised me to be a shining star within the Trammell Crow group and I was very appreciative for that opportunity. I did not take the offer to my Regional Manager and ask them to meet the offer. That would have been an insult to the investment they made in me and the risk they took in hiring a fresh 18 year old with no experience.

While I never went as far as to sport the company ink, I did feel that I had a loyalty that I struggle to find in the world today. I can now look back and see that I made the right decision. My history with Trammell Crow has paid out ten fold for me. And, I bought a cool convertible car anyway!

Monday, April 11, 2011

Let's Play Facebook Bingo!


It's not enough to have a Facebook page, you have to learn to ROCK your Facebook wall. This does not happen by entering a bi-weekly post that mentions your specials and asking people to rent. Facebook walls ROCK when you engage your friends and fans to stop by and participate. So give them a reason to visit your page.


Facebook Bingo is a fun game that everyone wants to play. Invite your residents and prospective future residents to stop by your leasing office and pick up a Bingo card. Next, each day, you will put a Bingo selction on your Facebook wall. Residents will now need to stop by your Facebook wall to find out if their card has the Bingo selection. Chances are good they will also check out what is new on your Facebook page while they are there. The first person to come in with a winning Bingo card will receive a special prize.



Do you love this idea? So do I! We want to thank The Reserve at Athens for sharing this fun idea with the team at KateGood.com. If you have a great idea, send it our way. Simply email Kate at Kate@KateGood.com.

Wednesday, March 30, 2011

"Don't Call Me. I Won't Call You." Great Article from NYTimes.com

Don’t Call Me, I Won’t Call YouBy PAMELA PAUL
Published: March 18, 2011

NOBODY calls me anymore — and that’s just fine. With the exception of immediate family members, who mostly phone to discuss medical symptoms and arrange child care, and the Roundabout Theater fund-raising team, which takes a diabolical delight in phoning me every few weeks at precisely the moment I am tucking in my children, people just don’t call.

It’s at the point where when the phone does ring — and it’s not my mom, dad, husband or baby sitter — my first thought is: “What’s happened? What’s wrong?” My second thought is: “Isn’t it weird to just call like that? Out of the blue? With no e-mailed warning?”

I don’t think it’s just me. Sure, teenagers gave up the phone call eons ago. But I’m a long way away from my teenage years, back when the key rite of passage was getting a phone in your bedroom or (cue Molly Ringwald gasp) a line of your own.

In the last five years, full-fledged adults have seemingly given up the telephone — land line, mobile, voice mail and all. According to Nielsen Media, even on cellphones, voice spending has been trending downward, with text spending expected to surpass it within three years.

“I literally never use the phone,” Jonathan Adler, the interior designer, told me. (Alas, by phone, but it had to be.) “Sometimes I call my mother on the way to work because she’ll be happy to chitty chat. But I just can’t think of anyone else who’d want to talk to me.” Then again, he doesn’t want to be called, either. “I’ve learned not to press ‘ignore’ on my cellphone because then people know that you’re there.”

“I remember when I was growing up, the rule was, ‘Don’t call anyone after 10 p.m.,’ ” Mr. Adler said. “Now the rule is, ‘Don’t call anyone. Ever.’ ”

Phone calls are rude. Intrusive. Awkward. “Thank you for noticing something that millions of people have failed to notice since the invention of the telephone until just now,” Judith Martin, a k a Miss Manners, said by way of opening our phone conversation. “I’ve been hammering away at this for decades. The telephone has a very rude propensity to interrupt people.”

Though the beast has been somewhat tamed by voice mail and caller ID, the phone caller still insists, Ms. Martin explained, “that we should drop whatever we’re doing and listen to me.”

Even at work, where people once managed to look busy by wearing a headset or constantly parrying calls back and forth via a harried assistant, the offices are silent. The reasons are multifold. Nobody has assistants anymore to handle telecommunications. And in today’s nearly door-free workplaces, unless everyone is on the phone, calls are disruptive and, in a tight warren of cubicles, distressingly public. Does anyone want to hear me detail to the dentist the havoc six-year molars have wreaked on my daughter?

“When I walk around the office, nobody is on the phone,” said Jonathan Burnham, senior vice president and publisher at HarperCollins. The nature of the rare business call has also changed. “Phone calls used to be everything: serious, light, heavy, funny,” Mr. Burnham said. “But now they tend to be things that are very focused. And almost everyone e-mails first and asks, ‘Is it O.K. if I call?’ ”

Even in fields where workers of various stripes (publicists, agents, salespeople) traditionally conducted much of their business by phone, hoping to catch a coveted decision-maker off-guard or in a down moment, the phone stays on the hook. When Matthew Ballast, an executive director for publicity at Grand Central Publishing, began working in book publicity 12 years ago, he would go down his list of people to cold call, then follow up two or three times, also by phone. “I remember five years ago, I had a pad with a list of calls I had to return,” he said. Now, he talks by phone two or three times a day.

“You pretty much call people on the phone when you don’t understand their e-mail,” he said.

Phone call appointments have become common in the workplace. Without them, there’s no guarantee your call will be returned. “Only people I’ve ruthlessly hounded call me back,” said Mary Roach, author of “Packing for Mars.” Writers and others who work alone can find the silence isolating. “But if I called my editor and agent every time I wanted to chat, I think they’d say, ‘Oh no, Mary Roach is calling again.’ So I’ve pulled back, just like everyone else.”

Whereas people once received and made calls with friends on a regular basis, we now coordinate such events via e-mail or text. When college roommates used to call (at least two reunions ago), I would welcome their vaguely familiar voices. Now, were one of them to call on a Tuesday evening, my first reaction would be alarm. Phone calls from anyone other than immediate family tend to signal bad news.

Receiving calls on the cellphone can be a particular annoyance. First, there’s the assumption that you’re carrying the thing at all times. For those in homes with stairs, the cellphone siren can send a person scrambling up and down flights of steps in desperate pursuit. Having the cellphone in hand doesn’t necessarily lessen the burden. After all, someone might actually be using the phone: someone who is in the middle of scrolling through a Facebook photo album. Someone who is playing Cut the Rope. Someone who is in the process of painstakingly touch-tapping an important e-mail.

For the most part, assiduous commenting on a friend’s Facebook updates and periodically e-mailing promises to “catch up by phone soon” substitute for actual conversation. With friends who merit face time, arrangements are carried out via electronic transmission. “We do everything by text and e-mail,” said Laurie David, a Hollywood producer and author. “It would be strange at this point to try figuring all that out by phone.”

Of course, immediate family members still phone occasionally. “It’s useful for catching up on parenting issues with your ex-husband,” said Ms. David, who used to be married to Larry David, the star of “Curb Your Enthusiasm.” “Sometimes when you don’t want to type it all, it’s just easier to talk.”

But even sons, husbands and daughters don’t always want to chat. In our text-heavy world, mothers report yearning for the sound of their teenage and adult children’s voices. “I’m sort of missing the phone,” said Lisa Birnbach, author of “True Prep” and mother of three teenagers. “It’s warmer and more honest.”

That said, her landline “has become a kind of vestigial part of my house like the intercom buttons once used in my prewar building to contact the ‘servants quarters.’ ” When the phone rings, 9 times out of 10, it’s her mother.

There are holdouts. Radhika Jones, an assistant managing editor at Time magazine, still has a core group of friends she talks to by phone. “I’ve always been a big phone hound,” she said. “My parents can tell you about the days before call waiting.” Yet even she has slipped into new habits: Voice mails from her husband may not get listened to until end of day. Phone messages are returned by e-mail. “At least you’re responding!”

But heaven forbid you actually have to listen — especially to voice mail. The standard “let the audience know this person is a loser” scene in movies where the forlorn heroine returns from a night of cat-sitting to an answering machine that bleats “you have no messages” would cause confusion with contemporary viewers. Who doesn’t heave a huge sigh of relief to find there’s no voice mail? Is it worth punching in a protracted series of codes and passwords to listen to some three-hour-old voice say, “call me” when you could glance at caller ID and return the call — or better yet, e-mail back instead?

Many people don’t even know how their voice mail works. “I’ve lost that skill,” Ms. Birnbach said.

“I have no idea how to check it,” Ms. David admitted. “I can stay in a hotel for three days with that little red light blinking and never listen. I figure, if someone needs to reach me, they’ll e-mail.”

“I don’t check these messages often,” intoned a discouraging recorded voice, urging callers to try e-mail. And this is the voice-mail recording of Claude S. Fischer, author of a book on the history of the telephone and more recently, “Still Connected: Family and Friends in America Since 1970.”

“When the telephone first appeared, there were all kinds of etiquette issues over whom to call and who should answer and how,” Dr. Fischer, a sociology professor at the University of California, Berkeley, told me when finally reached by phone. Among the upper classes, for example, it was thought that the butler should answer calls. For a long time, inviting a person to dinner by telephone was beyond the pale; later, the rules softened and it was O.K. to call to ask someone to lunch.

Telephones were first sold exclusively for business purposes and only later as a kind of practical device for the home. Husbands could phone wives when traveling on business, and wives could order their groceries delivered. Almost immediately, however, people began using the telephone for social interactions. “The phone companies tried to stop that for about 30 years because it was considered improper usage,” Dr. Fischer said.

We may be returning to the phone’s original intentions — and impact. “I can tell you exactly the last time someone picked up the phone when I called,” Mary Roach said. “It was two months ago and I said: ‘Whoa! You answered your phone!’ It was a P.R. person. She said, ‘Yeah, I like to answer the phone.’ ” Both were startled to be voice-to-voice with another unknown, unseen human being.

Wednesday, March 23, 2011



Is your signage memorable?

Monday, March 21, 2011


The main sources of anxiety during 2011 will be

physical health (34%)

relationships with family and friends (32%)

world affairs (26%)

domestic politics (25%)


To see how things have changed, notice what the top-five worries were in 2009

money and affording home (54%)

physical health (24%)

relationships with family and friends (11%)

appearance and ageing (10%)

world affairs (9%)

Sunday, March 20, 2011

Friday, March 18, 2011

Spring Office Cleaning


How many of you have more responsibilities today than you did a year ago? A virtual show of hands proves the answer is everyone! While I can't do much about that, I can help you set yourself up for success when it comes to getting it all done. We're all busy, but if you commit to set aside one day to organize your work space and put some effective systems in place for keeping it organized, you will spend less time digging and more time accomplishing your goals.

Reduce Clutter
Small and infrequently used items such as paper clips should go in your desk drawer. The top of your desk should be for things you are working on that day. Nothing else. Otherwise you become distracted and fall off your schedule for accomplishing the day's priorities. Move bulky items such as inbox trays, file folders and printers onto bookshelves.

Do you have that pile of cords on your floor and or draping off your desk? This looks messy and in turn sends a message of disorganization to your customers and coworkers. Control your cords! You can buy a fairly inexpensive cord holder that will keep everything together and out of the way.

Paper is a Fashion Don't
Keep in mind that 80% of paper you file, is never looked at again. Today, technology is allowing us to create digital storage and by creating a good back up system, we are more comfortable going paperless in our leasing offices. Often times, digital storage is faster to access saving you time in your day for other things, like figuring out what to do with the fax machine you have not used in 5 months.

Every desk will inevitably still have some paper. Don't let it take over your desk. Keep hanging files with these four categories: action, project, reference, and cluster. The cluster file may be new for you. It is one of my favorite time management techniques. When you know you have a big project coming up like writing your marketing plan, keep a file that contains notes, ideas, resources and gems. Now, when you sit down to embark on the project you will have an amazing jump start on getting your project underway. Clustering is also a good cure for procrastination.

Now that you are on your way to a solid spring cleaning, maintain order by instituting this three fold approach to staying organized:
1. Daily - every night, clean up your desk. Organize papers, files and projects so when you come in tomorrow your desk is ready for immediate action.

2. Quarterly - take and hour or so to see what systems need re-engineering and organizing. If everything is not working the way you would like it to, stop wasting time with inefficiencies and make necessary adjustments.

3. Yearly - between December and February is the time when you should annually purge old papers and files from your work area. Do it in these slower months so that when leasing picks up in March you are working in tip top shape.

Thanks for Popping In!


Who wants microwave popcorn with a note on it that says "thanks for popping in"? NOT ME! I want instant gratification. I want some comfort food or a sweet treat. Replace that tired old popcorn prospecting gift with something new, sweet and delivers comfort - the Cake Pop.

I have personally tested every flavor they sell at www.JustABiteCakePops.com and they are all fantastic. I personally like the Red Velvet cake. Customize your pops to extend your marketing theme. You can have them individually wrapped and tied with a ribbon. This makes an incredible presentation.

Be sure to tell Mindy Himmel, the owner, I sent you by exercising this discount code "ALL123".

Next time I drop in your apartment community I would rather see Cake Pops versus cookies. Try something new!

Thursday, March 17, 2011

Four Bucks Is Dumb


A downside of my career is that I see the inside of an airplane more than I care to. The upside is that I like what I do when I get off the plane. Each trip enriches my thinking. Maybe it's the change of scenery that makes me notice things. Today my work took me to one of my favorite cities, Seattle. I noticed a billboard that made me think. It said "four bucks is dumb." Next to the tag line are the golden arches.


McDonald's went right to the home town of the coffee house to say the rules of the game are changing. Through the recession, Starbucks became the poster child of excess. While trying to help a renter make a decision on an apartment that was $75 above their price range, I compared the difference in price to their daily Starbucks coffee habit. I'm sure I'm not the only one who has tried this approach and succeeded. It is a fine illustration of lining up priorities and checking in to make certain you are spending your money on things that really matter in life such as your home and not your daily caffeine jolt.

I recently read that Howard Schultz, CEO of Starbucks, came out of retirement to help Starbucks through this time of change. And, it was seeing this billboard that made him understand consumer behavior was changing so rapidly that it was time for Starbucks to seek answers. Yet he compared this to flying an airplane without instruments. You see Starbucks invented and mass marketed the modern coffee house. They did this for many years without competition. And now, responding the opportunity in a down economy, another major brand known for value was on the attack.

Two years ago, Starbucks was being forced to the middle of the market by the low end products that McDonald's and Dunkin Doughnuts offers and the high end independent coffeehouse. Starbucks feels the middle is the worst place for their brand. They decided to not let people define them and get back in control of their own destiny.

In the middle of the market is a tough place to be. There will be a better product and people to pay more for that product. And then there is the low end provider who sacrifices something to give the lowest price. But the middle guy has to compete with both ends of the scale: convincing the high end buyer that they don't have to pay more for quality, and the low end buyer that they should pay more for your product. This makes for a very tricky marketing plan. It is essential you define who you are and how you can sell it.

As our industry continues on the path of recovery, define your road map by knowing how you will compete and make the most of your market position.

Rents Could Rise 10% in Some Cities

By Les Christie, CNNMoney.com
Mar 16, 2011

Already, rental vacancy rates have dipped below the 10% mark, where they had been lodged for most of the past three years.

"The demand for rental housing has already started to increase," said Peggy Alford, president of Rent.com. "Young people are starting to get rid of their roommates and move out of their parent's basements."

By 2012, she predicts the vacancy rate will hover at a mere 5%. And with fewer units on the market, prices will explode.

Rent hikes have averaged less than 1% a year over the past decade, according to Commerce Department statistics, adjusted for inflation. Now, Alford expects rents to spike 7% or so in each of the next two years -- to a national average that will top $800 per month.

In the hottest rental markets, the increases will likely top the 10% mark annually for the next couple of years. In San Diego, Alford anticipates rents will rise more than 31% by 2015. In Seattle rents will climb 29% over that period; and in Boston, they may jump between 25% and 30%.

This is a sharp change from the recession, when many Americans couldn't afford to live on their own. More than 1.2 million young adults moved back in with their parents from 2005 to 2010, said Lesley Deutch of John Burns Real Estate Consulting. Many others doubled up together.

As a result, landlords had to reduce prices and offer big incentives to snag renters.

Now that the recession is easing, many of these young people are ready to find new digs, mostly as renters, not owners. Plus, the foreclosure crisis continues unabated, and the millions losing their homes are looking for new places to live.

Apartment developers many not be able to keep up with this heightened demand, which will force prices upwards, according to Chris Macke, a real estate analyst with CoStar, which tracks multi-family housing trends.

"There will be an envelope of two or three years," said Macke, "when the rise in demand for rentals will exceed the industry's ability to meet it."

Plus, Alford added, "there's been a shift in the American Dream. We're learning from our surveys that a huge proportion of people are choosing to rent."

They've experienced the downsides of homeownership -- or seen friends and family suffer -- and don't want to take the risks or pay the higher costs of homeownership.

Where homeownership costs are particularly high, there are many more renters than owners. In Manhattan, for example, only about 20% own their homes; in San Francisco, about of third of the population does; in Los Angeles, less than 40%; and in Chicago, about 44%.

There's one factor that could rein in rent increases: the huge number of foreclosed homes that could hit the market over the next few years.

In many markets, like Phoenix and Las Vegas, there are neighborhoods filled with recently built, single-family homes going for fire-sale prices. When the cost of owning homes falls well below the costs of renting them, more people will buy.

"That's always been the biggest competition for rentals," said Deutch

Wednesday, March 16, 2011

Ready, Set, Lead


There are a few certainties in the world: people will disappoint you, others will amaze you and whatever you think about tomorrow is probably not going to happen. The reason? Change. And the rate of change is speeding up - rapidly. Several factors are causing this acceleration such as the expansion of technology, access and exposure to knowledge and our need to be entertained is insatiable.

By 1900, it had taken 150 years to double all human knowledge. Today it takes only two to three years. And some estimate that by the year 2020, knowledge will double every 72 days. The millennial generation (born in the 80's and 90's) are the largest to enter the workforce since the boomers. Nurtured through the era of "google it" instead of "look it up" they have a keen understanding of how to access anything. The question is, who is leading them?

In the past, leadership was an economic entity. The priority was to develop structures, set controls and raise income as effectively as possible. This was accomplished through a ladder system of people managing other people as they do tasks.

Today, the speed of change demands a evolved leader. To be that person, you must rapidly adapt to change and require constant involvement in skill development while leveraging increased knowledge. It is not enough to know how to do a report, but rather to read, react and adjust based on the lesson gleaned from the data.

We have to be experts in human capital, not just financial capital. We must master emotional intelligence not just economic competence. Control is out of style because it is the customer who is calling the shots. We have to align people based on this reality and not structures and spreadsheets.

Today's leader has a grasp of emotional aptitude and understands the new order of customer influence and peoples motivations. It less about technical or financial expertise.

Does this make you nervous? Think about what your computer can do for you. It does the counting, tracking and comparing. You have to be the person who understands what to do with the information. Now we shift from managing deadlines to managing success factors. A key success factor is to develop skills for your team members so they not only produce a report but react to the report. You lead them to direct change. Leadership does not happen while you are standing still.

Your ability to manage change will be your key success factor. And my friend, it is all changing. Winning organizations are building leaders faster.

Wednesday, February 16, 2011

Motivating Your Team In the New Year


Our front line team members are typically looking for a little fun and excitment at work. A great sales person loves to look forward to the unexpected and break out of a normal routine. My experience is that the front line loves to compete and work towards an goal for accomplishment. Start by asking them to compete with themselves. The best way to do this is to have a goal writing workshop. Ask each member of the team to write goals for near and distant terms. The goals should be both personal and professional because it is our pro life that gives us the fuel and resources for our personal life. Remember a goal must be written, shared, and specific with a deadline. Next write a plan to accomplish the goal. Create a visual board to remind people of their goals and their progress. Allow the team to decide what their prize for accomplishment will be.

Communication can be a source of motivation. Share with your team, each week, the goals of the property, specific areas of focus and success. Bring everyone into the “business” that you are managing. Don’t just make them feel like they are there to only do their jobs but that they are part of something bigger.

Start the new year on a positive, fun and meaningful note.

Monday, February 14, 2011

5 Things Every Marketing Plan Should Include

The days of the cookie cutter marketing plan have long past. In fact, 2011 is proving to be an exciting year for the apartment industry. Most of our markets are showing tangible improvement as many are raising rents and the concessionary sales pitch is a thing of the past. This means it is time to think about how to capitalize on this marketing opportunity to make money for you and your owners. Here are 5 ways to make certain your 2011 marketing plan is poised for success.

Mobile Mayhem - Mobile marketing is here to stay! Have you noticed that smart phones navigate your life? Just this weekend I booked a dinner reservation on Open Table, acquired directions through Google Maps, paid my American Express bill and tracked my Mother's Valentine's Day gift and never even turned on my computer. I made all of this happen with my Blackberry. The same is true when searching for apartments and leasing them online. Our residents are using their smart phone. This begs the question, if your web site optimized for mobile technology? It's time to check into this and make your Website a powerful tool to lease apartments in the palm of your customers hand.

Public Conversation - This is what social media is all about. But first, you have to be prepared to have a conversation with a concerned resident in public. Remember, this is your chance to address negative reviews that people post online concerning your apartment community. The truth is, even brands and services we love most often let us down and we feel the need to complain. So, take that feedback and think of it as breakfast to fuel for improvement and maybe even set the record straight! Allow your residents to post on your Facebook wall, Websites and other social forums. But don't stop there, address EVERY comment, praise or complaint and show your renters that you care about them and their thoughts and needs matter. A simple response will show the entire viewing public that you are a solid manager and will act on their needs. Make certain your marketing plan addresses this new forum for customer service and uses it to get more leases and renewals.

Traditions - It is sad to think about all the fun resident events that did not make the budget during our recessionary years. It is time to bring those back and I encourage you to start a tradition with your events. This means that you don't just to these events once in a while when you are fully staffed and feel like it, you commit to it every week or month. It will probably take a few events to get a following but imagine how something as simple as a pancake breakfast could take off and really mean something to your community. Budget for your signature event to happen on a regularly scheduled basis.

Get Relevant - Adjust your advertising to not tell them what you offer but rather why they should buy it. Today more than ever, the customer knows they have a choice and they exercise their right to choose or not choose every hour of every day. Our sales and marketing efforts should now shift to make a case for why someone should buy your widget versus your competitors.

Be Unique- It's hard to capture and maintain people's attention today when the world around us is so distracting. This means that smart marketers are adding unique bling to their print and online advertising by changing up their graphics to include 3d Floor Plans (see www.Matts3DFloorplans.com) or virtually furnishing a model through www.VirtualStagingSolutions.com. I am also impressed with new tools offered by the Internet Listing Services such as www.ApartmentGuide.com where you can offer visitors to your Web page a unique view of your property through the Community Carousel tool. Check out these unique ways to improve your advertising.

Stay tuned for more great sales and marketing ideas from Kate Good.

Tuesday, January 4, 2011

Kate Presents Webinars


What is a better way to start out the New Year than by learning some marketing techniques from the master herself! Kate has teamed up with Multifamily Insiders to bring you a three-event webinar series focusing on apartment marketing! You can sign up for just one event for $29.99 or get a 33% discount by attending all three. You don't want to miss this!

Click on the links below to register now.

30 Sales and Marketing Ideas for Under $300
http://events.r20.constantcontact.com/register/event?oeidk=a07e36vec79d1ae1782

Convert Convert Wherever You Are: Phone and Email Lead Conversion Skill
http://events.r20.constantcontact.com/register/event?oeidk=a07e36vjuzwff3662e4

I Love Leasing: Ways to Make your Customers Fall In Love with Your Community
http://events.r20.constantcontact.com/register/event?oeidk=a07e36vjv1o9f4b5689

Combined Webinars - Discount for attending all three:http://events.r20.constantcontact.com/register/event?oeidk=a07e36vih094947a85f