Special offer

Twitter for Property Managers

By
Services for Real Estate Pros with Buildium.com

Check out the Buildium Blog for more property management resources.

For more than a year now, the marketing world has been abuzz with all things Twitter.  And while Twitter has yet to prove whether or not it will stand theTweet test of time as a viable marketing tool, with more than 70 million registered users, there’s no doubt that all property managers should at least be considering exactly how Twitter can help them grow and promote their business.

Why all the buzz over Twitter?
Of all the social networking and electronic marketing tools out there, Twitter is the most easily maintained. Unlike Facebook or MySpace, Twitter doesn’t require users to invest large quantities of time into creating profiles or maintaining a web page. With Twitter it’s as easy as signing up, creating a profile of no more than 160 characters (keep in mind that creativity counts with this sort of word limitation) and then beginning to broadcast updates (or “tweets”) of 140 characters or less. Because of the character confines, Twitter offers a blogging alternative that does not require a lengthy brainstorming or writing process. These short updates are also known as micro-blogging. Essentially, you can think of it as a “mini-blog;” it’s as simple as writing a sentence or two update and you’re done.

Twitter demographics
Businesses are especially drawn to Twitter because of the application’s demographics. Unlike other social networking sites that are primarily driven by tweens or young adults, Twitter appeals to older demographics. According to an April 2009 comScore study, Twitter’s highest user demographics are in the 45-54 year old age range, with 25-34 year olds filling in the second slot. In fact, Twitter’s two lowest scoring age contingents are the 18-24 and 12-17 year old age ranges respectively. With these demographics and the sheer number of users in mind, it’s safe to assume that a good number of your clients (and potential clients) are utilizing Twitter.

What am I supposed to tweet about anyway?
The beauty of Twitter is that it allows you to complete two separate functions, both of which are important to your business. First, you can broadcast general messages. These 140 characters can be used to engage or communicate with your customers, promote your business and achievements, market your company as an information source, and even to advertise vacancies. For example, start a discussion with customers by tweeting about pertinent breaking industry news or if you’ve recently purchased a new investment property, let everyone know.

You can also use Twitter to engage in ongoing dialogues and, through this, start building personal relationships with potential clients or renters. By keying in “@[insert username] before a message, you can tweet an individual or another company.

How do I get people to read my tweets?
Twitter updates will automatically show up on the home feeds for those who have subscribed to “follow” you on Twitter. While non-subscribers can still see your updates, they will have to proactively seek out your page. Obviously, the goal is to gather as many followers as possible so that your updates automatically appear on their home feed. So how do you get people to follow you? Simply use other media you are currently utilizing to point people toward your Twitter feed. Have a website? Be sure to provide web visitors with a link to your Twitter page. You can also actually create a feed on your web page that will allow site visitors to view your Twitter updates while they’re on your site. Also consider including your Twitter address on emails and other material that goes out to tenants, customers, and anyone else who follows you.

Keep in mind, though, it’s just as easy for people to “unfollow” you as it is to “follow” you in the first place. In order to keep people’s interest, keep your tweets as informative and/or entertaining as possible. Also remember that even though you have a 140-word limit you can also include links in your tweets that can direct followers to longer articles, blog posts, web pages, or anywhere else you may want them to go. To ensure that you don’t use up all of your precious 140 characters with a long link, utilize websites like www.bit.ly, which provide shortened links that lead customers where you want them to go.

Finally, think before you Tweet. News moves fast in cyberspace and, although this can be a very good thing, there are also some potential negatives to bear in mind. Consider this article about a landlord who set off a whole cycle of negative publicity by responding to a negative tweet involving him. When you’re only dealing with 140 characters, it’s particularly important to choose your words carefully.

Tweeting with the best of ‘em
For more information on making Twitter work for you, be sure to check out these  articles:

How to Use Twitter

Forbes’ 21 Top Twitter Tips

Check out the Buildium Blog for more property management resources.

Bob Davis
Brush Real Estate - Escondido, CA

Great info on Twitter demographics....very helpful

Oct 26, 2009 03:08 AM
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

I follow Michael Waltrip, driver of the #55 Napa Camray, on Twitter and I tweet my rental listings from my HomeRentals website.....

Oct 26, 2009 04:48 AM
Tony Sena
Shelter Realty, Inc - Henderson, NV
Broker/Property Manager

I add all my rental listings to my Facebook Las Vegas Property Management fan page which feeds right into twitter.  Can't say I am a fan of Twitter but with so many people using it, it's gotta be part of your marketing.

Oct 26, 2009 06:47 PM
Leslie Prest
Leslie Prest, Prest Realty, Sales and Rentals in Payson, AZ - Payson, AZ
Owner, Assoc. Broker, Prest Realty, Payson,

I barely have time for AR, much less Twitter. Seriously, how do people find time?

Oct 27, 2009 07:41 AM
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

My HomeRentals.net website offers a Twitter option for listings that are * truncated * to fit and I can remove as they are rented and prospects "following" me on Twitter don't have to wade through my website.  I update my twitter page when I post to CL in the AM

http://twitter.com/cvillecpm

Oct 27, 2009 11:25 PM
Michael Monteiro
Buildium.com - South Boston, MA

Thanks for all the comments.  We want to emphasize the importance of not use twitter as a listing site, but rather as a means to engage with customers, prospects, colleagues and industry thought leaders.

Oct 29, 2009 05:59 AM
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

I disagree * Twitter is a way go get our LISTINGS into another venue.  I've been posting listings for 2 months and I rented a property to someone who was following my listings. 

140 characters per TWEET does not offer a GREAT means of ENGAGEMENT with customers, prospects, etc.

Oct 30, 2009 12:17 PM
Diane Rice
Rice Prprty Mgmnt & Rlty, LLC, South Holland, IL - Lansing, IL
SFR, SRES, CNC

LOL @ Leslie!!! 

Oct 31, 2009 12:21 PM
Michael Monteiro
Buildium.com - South Boston, MA

Wallace,

  We'll have to agree to disagree.  We don't believe that apartment search has moved to Twitter.  As for 140 characters, that is plenty of real estate to creatively engage others.

Nov 02, 2009 02:09 AM
Ricky D. Sadler
Real Estate Marketing Experts &Trusted Senior Advisors on Property Management services, Rentals Leasing, Landlord Ten... - Seattle, WA
Trusted Senior Property Advisor & Marketing Expert

Great info Micheal!  We've setup our Facebook page and our unit advertising posts (done via Vflyer) both to link automaticaly to our Twitter page, so anything we post to the blog or ads automatically gets Tweeted, and had a good reponse to this so far. What's interesting is that we get an immediate read on what blogs are good, and which to avoid (based on how many Twitter followers we gain or lose following a particular post), which has helped us refine our messaging in real time.

It's still a brave new world, which is pretty exciting as we figure out how to most effectively use these new rich socal mediums! 

 

Nov 05, 2009 05:48 AM
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

Ditto Ricky * I get notifications of TWITTER "followers" so I know which properties are attracting them....My tweets have links BACK to my HERO website listing and when I get contact e-mail from them, I know where they came from.

Nov 07, 2009 05:44 AM
Michael Monteiro
Buildium.com - South Boston, MA