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How do I design a realistic lease-up marketing budget?

 

Budget follows goals, not the other way around #

Collaborate with the executing team to propose a budget that can support the move-in target. Do not spend the full budget on day one.

Phased spending model #

  1. Phase 1 (Learn): Start lean; A/B test copy, creatives, landing pages, and bid strategies.
  2. Phase 2 (Prove): Scale winners; pause or kill underperformers.
  3. Phase 3 (Scale): Increase spend proportionally to marginal CAC improvements.

Core line items #

  • SEO (technical + content + local).
  • Google Ads (Search/PMax) with tight geo & keyword targets.
  • Social (organic + paid) including retargeting.
  • Email/SMS nurture for abandoned inquiries.
  • Reputation management to boost local SEO.