Posts Tagged ‘advertising’

What do Houses and Dogs Have in Common

Saturday, May 2nd, 2009

You might say their owners love them, but since this article is
about advertising, that’s not the answer.

The truth is, both houses that need new owners and dogs who
need new homes share the “boring ad syndrome.”

Think about it. Most house ads don’t tell you a thing that
creates desire or excitement to see the house. Dog adoption
ads are the same.

House ad: “3 br, 2 ba, 5 A. family room, deck, 1800 s.f.”

Dog ad: “6 mo. Shep X male.”

Both ads are “supposed” to make readers pick up the phone
and ask for more information. But what is there about those
ads to even provoke curiosity? Not much.

If you’re advertising on the internet or in a flyer you
produce, there’s no excuse for this brevity. You have the
opportunity to paint as many word pictures as there are
features to describe.

Your house ad can begin with something enticing such as
“River rock fireplace dominates the family room…” and then
go on to describe the cathedral ceilings, plush carpeting,
redwood decks, etc. in terms that paint pictures in your
reader’s minds.

Your dog ad can do the same. How about: “Buster loves to
cuddle cats and chase frisbees! Only 6 months old, he already
knows “sit and come” and is housebroken.” Then go on with
his other fine features. You can even pull some heart-strings
by telling how he came to be up for adoption.

But what if you must advertise in the classifieds and thus
have very little space?

Describe the most desirable feature and let potential buyers
call to learn about the vital statistics. Perhaps it’s the
fireplace, or the many windows that bring the outdoors in.
Maybe it’s a huge deck overlooking the river. It could be
a luxurious master suite. Whatever it is, stress it. And
don’t worry if that feature won’t appeal to everyone. You
only need one buyer!

In the case of our fictional dog, describe his best personality
trait. Let people picture themselves enjoying that dog.

Houses and dogs aren’t the only items for sale that suffer
from boring ads. And now that I’ve mentioned it, I’ll bet
you’ll see plenty of them every time you pick up a newspaper.

Make sure the ads YOU write don’t suffer from the same
affliction. Next time you write an ad – for a car, a couch,
a cat, or a kid’s snowsuit – start by painting a mental
picture that makes people want to know more.

Get tips and marketing info weekly. Sign up for my free real estate marketing ezine: Real Estate Help. Just send a blank e-mail to realestatehelp@getresponse.com and as soon as you confirm your subscription you’ll have instant access to my special report on ad writing.

And I’d love to help you succeed. Call me at 208-448-1479 or write:
writer@marte-cliff.com

Yours for success,

Marte Cliff
www.marte-cliff.com

Marte Cliff is a Freelance Copywriter with many more tips to share. Visit her at http:\marte-cliff.com and sign up for a free monthly advertising ezine. Marte also offers a no-obligation critique of your present advertising.

Don’t Be A Penny Pinching Landlord

Monday, July 7th, 2008

Most of us who are small real estate investors buying and renting single family homes are accustomed to making every dollar count. It’s that habit that causes us to make a silly decisions when we advertise a house for rent.

Just take a look at the Home For Rent classified section of your newspaper. You will see rows of two or three line ads that all seem to blend together in an uninspired glob. Yes, I know newspaper ads are expensive, but have you ever stopped to think how much a bland three line ad is really costing you? Let’s do some logical thinking about this penny pinching.

In our example will use a rental house where you have a monthly mortgage payment of $850. That includes principal, interest, taxes and insurance. You are offering the home for rent at $900 per month. If you divide your monthly mortgage payment by 30 you will realize that it is costing you $28.33 cents to own the home. That’s $198.33 per week. So every week that the house is vacant you are losing $198.33. Cutting two weeks from that vacancy will save your $396.66.

If you are penny pinching with a little three line ad that fails to find a renter for weeks you are watching $198.33 fly out of your grasp every week. That’s when you should realize that it just makes good business sense to buy a nice big classified ad, which will give you the best chance of catching the eye of a renter the first time it runs.

Filling vacancies fast is the mark of a good investor. As soon as your current tenant gives you the required 30 day notice that he or she will vacate the property you must swing into action. Your goal should be to have a new tenant ready to move in the day the old one moves out. Do this…

1. Ask your current tenant if they know of any one who is looking for a rental. Ask them to spread the word among their friends and co-workers. If you have a good relationship with the tenant they should be willing to help you find a renter. Offer them a one or two hundred dollar reward if they find a new tenant for you before they move out.

2. Immediately put a For Rent sign on the property with flyers describing the property and the cost to rent. We have a page on our Web site for each property we own with inside and outside photos. Included on the page on room dimensions, and the location of nearby features like schools, hospitals, shopping, public transportation, etc. We include the Web site address on the For Rent sign and on the flyers.

3. We send a postcard announcing there will a rental available to the neighbors. They may have friends whom they would like to have live nearby. We offer a cash reward of one or two hundred dollars if we rent to someone they referrer to us before the current tenant leaves.

4. We pass out flyers to nearby businesses like barber shops, nail salons, dry cleaners, etc. We make the same cash reward offer to them as we do to the neighbors.

Penny pinchers don’t do things like that and they pay dearly for their mistake.

Mark Walters is a real estate investor who shares his experience with free videos at http://www.CashFlowInstitute.com