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How should owners track, test and adjust lease-up marketing?

Short answer: Track which channels produce move-ins, review results at least weekly with whoever runs the marketing, test copy, images and layouts, and only scale what works. Pair online marketing with offline work: referrals from nearby facilities, local business relationships, business associations and on-site events.

Online: measure, test, scale #

  • Tracking. Set up tracking with your vendor or staff so you know which parts of each campaign are working. If you don’t track it, you can’t improve it.
  • Weekly reviews. Review performance at least weekly and agree on adjustments.
  • A/B testing. Test ad copy, images and page layouts. Spend cautiously until something produces move-ins, then put more behind it.
  • Stay involved. Even if you don’t do the work, stay plugged into performance, metrics and decisions.

Offline: be part of the trade area #

  • Call on other facilities and set up referrals for customers they can’t accommodate.
  • Build relationships with other local businesses and join business associations.
  • Host events at the facility.
  • Send your customers to local businesses too; Mark finds it comes back as move-ins.

What works varies from property to property, even in the same city. Nothing is guaranteed, but Mark believes owner involvement and steady testing give a lease-up its best chance.

Related answers #

Source: Mark’s post Lease-up Marketing: A Strategy for Smarter Spending That Can Produce Real Results