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October 14, 2022

A Comprehensive Guide for Multifamily Marketing Budget

Discover Insights and Implement Changes

A commonly seen issue multifamily property managers and real estate marketing executives have been in identifying advertising budgets, and this problem is only exasperated when discussing digital marketing strategies.


So, don't worry. I've got you covered in this one.…


After 32 years since my first multifamily marketing project, technology changed and took humanity to new highs. My experience in multifamily marketing has helped me realize that smaller management and real estate companies frequently fail due to a lack of financial planning. Large corporations fail to owe to a lack of budget flexibility and and collaboration.

Here is what will be covered

  1. Multifamily marketing executive cheat sheet
  2. 10 ways to cut real estate marketing costs and boost efficiency
  3. 10 ways to increase your budget and get more tenants
  4. How to distribute the multifamily marketing budget?
  5. 10 tips for property managers to grow their communities
  6. New multifamily construction marketing executive cheat sheet
  7. Data-driven transformation cheat sheet
  8. Top 10 video marketing tips for real estate professionals
  9. Google Ads for Multifamily Marketing Executives
  10. Google Ads for Real Estate In-House Marketing
  11. How to measure success in real estate marketing budgets?
  12. Multifamily vendor tech stack pitfalls
  13. Building up marketing leaders


Multifamily Marketing Executive Cheat Sheet

As a multifamily marketing executive, it is essential to understand how to cut costs and boost efficiency without sacrificing quality or performance.


Paid media - Count what matters.

 

Top items:


1.      Website items: top photos, property map tools, virtual tours, and booking

2.      Continues photo moment creations of an apartment property

3.      KPIs by channel.

4.      Paid media always starts with Google Ads, followed by Bing Ads. Only do retargeting ads on other social media besides regular organic weekly posts. (This only refers to priorities).

5.      Utilize videos – good motion graphic designers are 1k overseas for top skilled and creative—easy essentials—easy exposure with cost-effective tenant acquisitions.

6.      Our record for one property was 36 leases from Google Ads in one month.

 



Established property checklist


  • Email strategy utilizing your data
  • Adding pages for neighborhoods and towns
  • Google, Facebook, Yelp, & Apartment com review growth overview
  • Bing matters – Bing Places helps growth
  • Fast webpages with top photos after 3 seconds page load up to 75% growth loss


New Construction


  • Set the website up when breaking ground to develop your property
  • The free website comes with a Google My Business profile
  • PR articles on breaking ground should first be posted on Google My Business profile.
  • Utilize construction milestones to publish the progress right in the Google My Business profile
  • Make sure to measure hiring signals in Google Analytics using paid media for HR.
  • Create Facebook, Instagram, Pinterest, and YouTube channel
  • Ensure a branded design package is shared with all marketing vendors


Multifamily property managers

 

The Best way to create a gamification workflow for property team members is to contribute to social engagement.

Google My Business should have a week post and not your Facebook first – GMB prioritizes growth.

 

Vendor pages on 3rd party domains must be tracked with Google Tag Manager. Here is what's important:

Lease Creation, Application Charge, Application Denied, Book Appointment, Contact Form, Chat Messenger, Phone Calls over 60 seconds, sign-ups, registration, apartment residents paying rent.


It’s necessary to track conversions in each marketing channel

  1. Google Analytics
  2. Google Ads
  3. Facebook/Instagram Ads
  4. Tik Tok
  5. Etc.


Google Tag Manager Common Mistakes


  • Conversion linker must include vendor subdomains - this prevents loss of attribution.
  • Google Tag Manager helps combine and connect data from multiple channels.


SAVE YOUR

TIME

With our innovative platform, you’ll save time when you most need it, while serving your customers. 
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SAVE YOUR
TIME

With our innovative platform, you’ll save time when you most need it, while serving your customers. 
LEARN MORE

SAVE YOUR
TIME

With our innovative platform, you’ll save time when you most need it, while serving your customers. 
LEARN MORE
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