US rental property owners have no shortage of opportunities. 45% of landlords manage their own properties. And those already with a property management company may switch if they find a better deal elsewhere.
So, how do you attract both crowds in a fiercely competitive space?
Effective property management marketing.
Landlords are already clued up on property management and are eager to keep learning and growing. They spend time online and may consider property management companies if they don’t have one already.
This is good news for property management companies. Landlords are easy to find, which gives you lots of property management marketing ideas to try.
Every business needs marketing to attract leads and build its reputation. Marketing is important for property management companies as it’s a fiercely competitive space.
Property management companies must stand out from the competition and persuade landlords of the advantages they offer. And property management marketing is a powerful way to boost visibility, inspire landlords, and win their custom.
Your website is a hugely important asset for your business. It can win you new business around the clock. And you own and control it, unlike social media platforms and company listings pages.
Building and maintaining websites can be expensive and time-consuming. So it’s essential to get it right and avoid the common pitfalls that cost you customers. There are many mistakes but they can be summarized into three things:
How to build a website that converts visitors into customers:
SEO can be a confusing area of property management marketing as even a fantastic SEO strategy won’t return results overnight.
It’s a long game but a game well worth playing. Following best SEO practices will lead to a steady flow of traffic while helping you learn more about your audience.
Why SEO is complex:
A “slow down to speed up” approach works best for SEO. Resist the quantity-over-quality scattergun approach to content creation. It doesn’t rank well on search engines and it’s unlikely to build trust.
Create an SEO strategy, execute it, assess performance, and then make adjustments. Stay up to date with best SEO practices with popular resources such as Moz Ahrefs, and Neil Patel’s blog.
Business listings are well worth your time for many reasons:
Create a Google Business profile and a Facebook business page. Finally, add your company to local directories. Check and update them regularly to ensure your details are correct. Upload your most impressive success stories too.
Treating content marketing as a box to tick isn’t a good idea. Content that offers audiences no value reflects poorly on your company. The new wave of AI tools was supposed to aid content creation but for many companies, it’s only helped them churn out low-value content even faster…
So what is high-value content?
In a nutshell, it’s any type of content (a blog post, podcast, eBook, etc.) that helps audiences learn something or gives them tools to make their lives easier.
High-value content marketing is arguably the most effective property management marketing strategy. It drives organic traffic, attracts new customers, and builds trust and authority.
Examples of valuable content:
All of those examples provide value for landlords. They’ll appreciate getting something of value for free. And they’ll likely return to your website and social media channels again.
Landlords need to trust you before handing over the keys to their properties. And showcasing your expertise with free valuable content is a great way to earn it.
Creating pay-per-click ads and campaigns on social media platforms like Facebook and LinkedIn give you the chance to get in front of your audience with laser precision. You can target specific audiences and adjust targeting options to test the waters before ramping up your spending.
Paid ads can rapidly reveal which marketing hooks, imagery, channels, etc. best resonate with your audience.
You can always outsource to an agency if you don’t have the time or patience to get started with paid ads. It gets easy with time once you have a good understanding of what clicks with your audience.
There are only 24 hours a day and we sleep for around eight of them. It doesn’t leave many hours to capture leads, satisfy customers, and grow your company. Doing a world-class job at all three involves many hours on the phone.
It’s draining to provide exceptional customer service all day when your to-do list needs urgent attention too. As for the calls you can’t take, they’ll go to voicemail. But 69% of callers sent directly to voicemail don’t leave messages. This rises to 84% for those aged between 20-29.
A live property management answering service can do wonders for property management marketing and client management. You don’t need to worry about missing leads or an urgent call from a landlord. A team of friendly virtual receptionists will have your back 24/7. Leads and customers can speak to a friendly human at any time.
The benefits of a property management answering service:
Landlords ultimately want passive income with minimal hassle. As they’re paying for a service, they don’t like it when they can’t speak to a human. A live answering service adds assurance and a professional touch they’ll appreciate.
The advice in this article is mostly based on digital marketing but in-person marketing shouldn’t be ignored. Attending local property events will help you learn new skills, make new contacts, and find rental property owners.
Look out for local Meetups and follow the National REIA, National Apartment Association, and RealPage, etc. to learn about industry conferences and trade shows.
All the property management marketing tips in this list take continual effort. A referral program is the closest to “set it and forget it.” Once you’ve created your referral program, you can share the details with leads and adjust it every few months.
How to set up a referral program for property management companies:
Effective property management marketing helps you attract leads and convert them into customers. Landlords are likely to spend many hours online, so there are many opportunities to get your company in front of them.
See how SignMore can help your property management company capture and qualify leads around the clock. Book a 15-minute consultation.