How-To guide for finding tenants and renters using social media
March 4th, 2010Okay, first of all, let me apologize. This blog has been “dead” for 5 months. I don’t have any excuse. In a startup it’s just hard to keep up on all fronts. We are learning.
We attended NAA Student Housing Expo last week, and have some interesting insigh
ts to share with all the property managers and landlords out there. Certainly, we all recognize the growing importance of social media. In the conference, I realized how critical it is in rental industry, specially for student demographics.
- 60% of student residents log onto social media sites every day.
- 400 = number of friends an average college student has on facebook.
- 79% of renters find video more useful than photographs.
- Student residents almost always read reviews (yelp, apartmentratings) before signing the lease.
Lisa Trosien gives excellent tips for property managers. I have embedded her slides here.
According to Rentmineonline, an FB fund startup, resident referral programs are 5x times more effective in social media channels. The site provides a service for residents to easily disseminate the referral messages from property managers to their network of friends on sites like twitter, facebook, etc.
Patty Blum of Apartmentfinder shared great tips on how to keep your blogs active, and positively interact with residents leaving reviews on yelp or apartmentratings.com.
The student panel was quite interesting–we could very well relate to the pains students brought up. Many of us here at Cazoodle were ourselves students when we started the company. Unsurprisingly, when it came to decide what product to build first, we unanimously voted for Apartment Search. Our service already addresses some of the house hunting difficulties–Most notably, our service aggregates listings from over 10,000 rental websites–providing a one stop search for apartments. At this conference, we have learned many new insights, and are all fired up to further improve our service. Stay tuned for new release announcements!



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