Posts Tagged ‘Renting’
Apartment Leasing Tip: Effective Follow-Up By Justin Coleman
When it comes to leasing apartments, it is an understood fact that there are going to be circumstances that will keep your prospects from being able to lease the first time they come into your community. They may be the type of consumer that truly does their research before they make any financial decisions, they might…
Read MoreAn Apartment Shopping Experience by Kristi McMillin
The Secret to Leasing isn’t a Secret This past weekend I scoured the Atlanta area looking for an apartment for myself. After leasing to other people for a couple years I was looking forward to sitting back and having someone sell to me for once! However, what I experienced was extremely discouraging. Not one…
Read MoreApartment Amenities…What Do Residents Use? By Justin Coleman
In April, Lindsay Machak with Multifamily Executive ran an article about the top five most underutilized amenities at apartment communities. Three top executives in the industry contributed their feedback about these amenities and whether or not they were deemed underutilized. The five amenities listed were: Racquetball Courts; Volleyball Courts; Theater Rooms; Clubhouses; Putting Greens.…
Read More“WOW” Apartment Prospects With Your Service By Justin Coleman
Now that you are beginning to lease-up your new community, it will basically sell itself since it’s new…right? Wrong. Gone are the days when a community leased-up on its’ own simply because it was the newest kid on the block. The main reason for this is whereas there used to maybe be only one…
Read More5 Tips For Converting Phone Calls to Walk-Ins.
Prior to picking up the phone, a prospect has most likely researched your community online and has determined it is a viable option for their next apartment home. So why do some leasing agents struggle to convert over 50% of their phone calls into walk-ins? A decade ago, people drove past your property and called…
Read MoreCLASS Reports From the Frontlines. 2013 By-the-Bed Student Property Leasing Trends by Kristi McMillin
CLASS has spent the past month leasing a by-the-bed student property at Texas A&M University. In a saturated market it is extremely important to quickly identify emerging trends in order to capitalize on market share. By gauging these trends and tweaking our sales process, the property is almost ten percent ahead of last year’s pre-leasing…
Read MoreMultifamily Leasing Case Study: Rehab Property
PROPERTY OVERVIEW: The subject was a distressed property located outside of Cincinnati, Ohio. The property had a terrible reputation for crime and gang activity and was poorly managed. The asset was acquired by a local company that invested a significant amount of capital for both an interior and exterior renovation. The property underwent a name…
Read More5 Pros To Using Revenue Management Software In Multifamily By Justin Coleman
With occupancy on the rise throughout the nation, apartment rental rates are approaching record highs. In order to maximize the monthly NOI in these positive market conditions, more and more owners and management companies have started using revenue management software, such as Rainmaker and Yieldstar. Revenue management takes into account availability, recent lease prices and market conditions to…
Read MoreWhat Do Generation Y Renters Want? I’ll Tell You… By Justin Coleman
First off, on behalf of myself and the other 100 million or so individuals in this country that fall into the category “Millennials,” I’d like to say you are welcome to every individual that is involved in the multifamily industry. It is in large part thanks to us “Echo Boomers,” “Generation Next” members,…
Read MoreThe best of the best
For being such a small company, CLASS is an interesting dichotomy. While we may lease for many years and only meet a handful of fellow Leasing Specialists, the dynamics of our organization make us surprisingly reliant on the success of our fellow colleagues. In other words, the level at which you perform at your job…
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