This was one of our most active chats ever — people are clearly passionate about this subject. There’s a lot to cover, so let’s get right to it:

Do I need a blog for my apartment community? What are the potential benefits? Potential downside?

• Ann Padgett: Blogs are a great way to increase your digital footprint.
• Charity Hisle: Do you need a blog? Maybe. Depends on what your goals are.
• Judy Bellack: Blog benefits . . . connections with and among residents, enhanced retention, great communication platform, SEO opportunities.
• Jill Corya: Blogs build stronger relationships and brand loyalty.
• Resite Online: Blogs are a good way to handle FAQs and related topics for your residents.
• Ryan VanDenabeele: I wouldn’t say you “need” one but they are an added value for your clients, team members and prospects.
• Eric at Buildium: It depends on the community & its size. Blogs have both direct & indirect benefits. Need to weigh them.
• Justin Dunckel: View a blog as an amenity, especially if content is local, relevant, and interesting.
• Elysa Rice: Benefits: increase content for search engines & local involvement; Downside: must keep current, no blog is better than ignored blog.
• Jill Corya: Blogs, in an intranet environment, can be an excellent way of sharing knowledge within the organization.
• Gillian Luce: Blogs: Gr8t way 2 get content in virtual space, increase brand awareness & engage current residents (& prospects) providing value!
• Mark Juleen: A blog can and should be the social media hub for your community.
• Eric Brown: Community Blogs can be Outreach on Steroids.
• Judy Bellack: Blogs not done well (lack of response to comments, stale content, etc.) can hurt rather than help.
• Trevor Henson: A blog also helps us keep ambient contact with the owners and investors of the building.

Where do you get the content? Who decides on ‘the voice?’

• Christian: The community, the employees, the company, qualified voices from your corner of the market.
• Ryan VanDenabeele: Content depends on your audience. Can be links from new papers, free article data bases, your people.
• Joe Foster: The great thing about multifamily blogging is that this bidness is already so incredibly personality-driven.
• Judy Bellack: Content has to be relevant, unique, fresh, interesting; and should utilize writers who know your stuff!
• Judy Bellack: You can use linked content, original content, content from residents, employees.
• Meredith Mobley: Talk to your residents. What are their FAQ? Start there…
• Charity Hisle: Ultimately, audience should become the voice. To start, anyone that cares, understands the audience can be the voice.
• Jonathan Saar: How about community site improvements, schedule of curb appeal updates, photos of changes?
• Elysa Rice: The great thing about blogging is content can be inspired from life, other blogs, movies, ads, emails, pretty much anywhere.
• Erica Campbell: Most communities already have content. Start with your newsletters, testimonials, interns, videos, photos, events etc.
• Nessel Inc.: Lists do very well. “Top 5 Places for Lunch”
• Erica Campbell: never replace your newsletter with a blog. Newsletter are so powerful and email drip marketing has so much to offer.
• Mark Juleen: Property teams can create the content. No excuses. Hire better people if you don’t think they can handle it.
• Meredith Mobley: Multiple voices can definitely be helpful. You dont have one type of renter, so its okay to have more than one voice.
• Elysa Rice: There’s a property that posts local business of the month — doctors, restaurants, all nominated by residents.

(Jason Falls also asked a great question about how social media sites like Twitter are impacting blogging. Are you focused more on blogging or social media? Are they two unique audiences? Tell us in the comments.)

Who should be the target audience for an apartment community’s blog? Residents? Prospects? Investors?

• Ann Padgett: I would think the investors would be a target audience at the PMC level, not the community.
• Judy Bellack: All of the above!
• Eric at Buildium: All of the above because information targeting one is indirectly pertinent to others.
• Mike Whaling: Have a blogger relations strategy. Who else is writing about the neighborhood? Link to them first.

Lisa Trosien asked about the goal of a community blog — is it to improve rankings in search engines or to increase engagement with your target audience? Here were some of the responses:

• Jennifer Kennedy: Our goal is both!
• Erica Campbell: Our focus is the on the user first then SEO second. Our SEO is other initiatives that are behind the scenes.
• Jason Falls: It depends. If SEO drives business, prioritize it. If engagement drives customer satisfaction, etc.
• Mike Whaling: Keywords & other on-site tweaks now account for less than 25% of SEO (per SEOMoz). Focus on creating great content.
• Charity Hisle: It is cheaper to keep residents, there should be a lead/retention balance in the strategy.

I’ve seen “fake blogs,” where a staffer pretends to be a resident. Is this a good idea?

• Eric at Buildium: Horrible idea. It’s usually pretty easy to tell. Bad image.
• Jason Falls: Never.
• Erica Campbell: This is a bad idea. That is not begin transparent and can come back to haunt you in the long run.
• Apartments.com: It’s all about transparency. No need to jeopardize your company’s reputation.
• Ryan VanDenabeele: If you get caught doing something unethical these days, the consumer will spread it on social media and kill your reputation.

What about buying blog content from one of the content providers out there? Is there a transparency issue there?

• Ellen Thompson: How is posting local events and restaurant reviews from a third party unethical if blended in with messages from the property mgrs?
• Bob Gura: The bought content of newsletters doesn’t get read.
• Dylan Schleppe: Hard to be “your message” if you bought it, eh?
• Duncan Alney: Do you like canned newsletters? If not, why would you like a canned blog? No one like artificially anything (OK, well Nutrasweet maybe).
• Tami Siewruk: Buy content all you want as long as it’s appropriate for your target audience.
• Judy Bellack: Its all about balance; you can buy great content occasionally, and combined with hyper-local and original content, a great formula.
• Tami Siewruk: You have to mix the content with your own but buying is fine as a supplement as long as it focused.
• Erica Campbell: There is a huge difference between canned content and quality re-purposed content.
• Realty Data Trust: Rather than canned content, try elance.com or similar resource for copywriters.
• Elysa Rice: I much prefer [Urbane Apartment's] route of having residents create content than repurposing other stuff.

When it comes to blogging, what’s the biggest challenge facing your organization? Scalability? Motivation? Buy-in?

• Ellen Thompson: The biggest reasons customer say they are looking is lack of time and writing skills a the property level.
• Erica Campbell: Finding appropriate ways to monetize it.
• Eric at Buildium: Blogs are not scalable… if you are writing original content then they take time. Biggest challenge is time.
• Tamela Coval: Answer may be “Trust” in the blogger.

There really were TOO MANY great comments and side conversations this week (we had 572 tweets from 62 different contributors!) — ranging from measuring success, to search engine optimization, to your favorite blogging tools. For all the good stuff, check out the full transcript.

Some example apartment community blogs submitted by #AptChatters:

• Lincoln Property Company
• The Green in the Village (Lincoln Property Company)
• The Place on Millenia (Lincoln Property Company)
• Paragon Life (Paragon Apartments)
• Coastal Orange County Living (Surterre Properties)
• The Urbane Life (Urbane Apartments)
• Regional blogs (Village Green Apartments)

Finally, there were a couple links to studies about the benefits of blogging that were shared during the conversation:

• Blogging Businesses Experience 126% Higher Lead Growth Than Non-Blogging Businesses
• HubSpot Study Shows Small Businesses That Blog Get 55% More Website Visitors

So what do you think? Are you blogging for your apartment community? Are the example blogs provided getting the job done? Got a link to another great apartment community blog? Share your thoughts in the comments!

What’s your resolution, how can you put it into place, and how’s it going to work for you?

• Kim Cory: My resolution is to take my knowledge in SM (social media), set goals & use practical tools to build a bigger picture for my brand.
• Buildium: Our goal is to improve our communication. We are in the process of making this a S.M.A.R.T. (Specific, Measurable, Attainable, Realistic, and Timely) goal.
• Niman: My New Year’s Resolution – Get all tenants to pay rent online.
• Erica Campbell: My first resolution is to clean my Outlook which is currently a hot mess:)
• Jennifer Kennedy: My resolution is maximize all of the wonderful resources we have. Focus on utilizing all of our tools to their potential.
• Jonathan Saar: Goal is to get my peeps on board with Social Media & to use it regularly.
• Jonathan Saar: Social Media had definitely helped with our brand awareness and in 2010 that path will continue.
• Houston Apartment Association: Engagement is our key #resolution for 2010; planning to hire a SM/online brand person for HAA.
• Justin Dunckel: Goal is to expand the business a bit more & create some jobs….seriously!
• Tim Grace: Pretty much only one resolution re: Apts.com – delight more users in 2010. All other great things will come from that.
• Kristi Fickert: My goal = my site folks HAVE 2 understand SM, how it works, how to market w/ it (even if someone else does it for them).

Obviously, it appears that a lot of folks are looking to integrate social media tools further into their businesses in 2010 … I guess we shouldn’t expect anything less from this bunch! (Personally, I also appreciate that there was a strong focus on serving our customers better.) In fact, besides the Houston Apartment Association, a number of other companies are bringing on additional staff specifically to help with social media, including Worthing Southeast Management, For Rent Media Solutions and Village Green Apartments. (Here’s the job description for the position at For Rent if you want to get an idea of the skill set they’re looking for.)

How are everyone’s budget’s coming? Leaner than last year? What’s the word on those?

• Kim Cory: Budgets for 2010 are similar to 2009, but with a few minor cuts. We had strong cuts in 2009.
• Kim Cory: (My budget) was cut about 9% in 2009 and in 2010 I worked hard to not cut anymore, so same amount in 2010 for marketing.
• Erica Campbell: I completely reallocated my budget today for a whole new strategy than i had a few months ago.
• Jonathan Saar: It’s not the time to stop investing in what works – keep plowing forward.
• Elysa Rice: I think look at all marketing avenues & see which are producing & which aren’t. Don’t cut based on numbers, cut based on results.

Any major lessons learned from 2009 that changed your outlook for 2010?

• Lisa Trosien: Just don’t labor under the belief that Social Media is free. It’s clearly NOT.
• Buildium: One thing we would like to do in 2010 is give our interns a voice. One option we’re using is CoTweet.
• Erica Campbell: Big lesson- LOCAL CONTENT IS KING.
• Tami Siewruk: 2009 was about learning social media. 2010 will be about figuring out how to use it well.
• Erica Campbell: Lesson 2: Media fragmentation has produced a fundamental conundrum.

What are you doing to improve retention?

• Elysa Rice: Engagement, engagement & engagement!
• Erica Campbell: Bundling packages & adding value add services.
• Kim Cory: We would like to have our residents more involved, feel part of the process & decisions made at the community.
• Kim Obert: Treat people nicely (i.e. “service” in customer service).
• Claire Collins:Look for opportunities for engagement. Interest groups, etc.

Take the time to read the full transcript — there were a lot of great side conversations and insights shared throughout the discussion.

I leave you with this: As Lisa noted during the chat, “your goals are more easily achieved when a) you put them in writing, and b) you have an audible or visible means of tracking them.” You took the first step by putting your goals in writing. Now, what are you going to do to make sure you follow through on them in the coming year?

On behalf of Lisa, I’d like to thank everyone who has made the Apartment Chat what it is today. Thanks for a great year — we look forward to seeing you again in 2010!

Here are the questions that were discussed:

• Why does controlling resident turnover matter?
• What matters most to residents when considering renewal?
• How does technology impact resident retention?
• When does resident renewal decision begin?

Check out these interesting stats provided by SatisFacts during the discussion:

• Average cost of turnover = $4500 per move-out (Includes avg. rent, vacancy loss, wages, ads, promo, concessions, repair/replace, etc.)
• The average resident turnover for 2008 at properties nationwide was 59% (According to the NAA).
• If a 5,000-unit portfolio can reduce turnover by 9.5%, that portfolio’s NOI can increase over $2 million.
• The same 9.5% improvement in the same 5,000-unit portfolio can increase asset value over $26 million.
• 60+% of turnover is controllable, primarily by improving office staff performance and responsiveness.
• Communication from staff and work order resolution are generally more important to residents than apartment appearance and condition.
• 60% of residents want to communicate via email. That has DOUBLED in the last two years! Yet, on average, property managers only have about 15% of their residents’ email addresses.

You can calculate the NOI impact of reducing turnover with the SatisFacts Turnover calculator.

Here’s the link to the transcript (over 600 tweets!) … feel free to share this info with your team.

What are you doing to improve resident retention at your property and throughout your portfolio? Leave your ideas and share your experiences in the comments.

See you next week, everyone!