Hi there! It sounds like you're facing some tough competition, especially with a new community so close by. Here are a few marketing tips that might help boost your occupancy:
Highlight Your Unique Selling Points: Since the competitor was built this year, focus on what sets your community apart. Emphasize your established community vibe, the convenience of being near the trolley, or any unique features that resonate with your target demographic. For example, if you have a strong sense of community or great customer service, make that a focal point.
Resident Referrals: Leverage your current residents by offering a referral bonus. A well-timed incentive, like a rent discount or gift card, can encourage them to bring in friends or colleagues.
Targeted Digital Marketing: Use social media ads, Google ads, or even localized promotions that focus on military personnel, given the turnover due to military orders. Tailor your messaging to those who value proximity to the trolley or those who prefer a well-established community.
Personalized Outreach: With only 102 units, you can offer more personalized service. Host virtual or in-person tours that focus on the prospect’s specific needs, whether that’s a quick commute, pet-friendly amenities, or something else.
Engage the Local Community: Partner with local businesses for co-promotions, sponsor local events or offer perks that connect residents with the neighborhood. This can create a sense of community that a brand-new building might not yet have.
Resident Retention: Since you're experiencing high turnover due to military orders, focus on retention by engaging current residents. Consider offering flexible lease terms or helping with their relocation if they're leaving due to orders.
Remember, consistency in these efforts can make a big difference. It’s great that you’re focusing on building your marketing skills—keep experimenting, and you’ll find what works best!