The real estate business is based on public relations. If you have a good reputation and public relations, you can easily build your real estate empire. Reputation is very important for the growth of the real estate business. You must have the skills to promote your business in the local market and online platforms.
Build and maintain a good business reputation
Publicity and public relation define your business identity. For real estate business, three things can be important;
- Being visible is the publicity of your business
- Be known that it is about public relations
- Be heard; it is about the reputation of your business
All these factors are closely connected. To understand the intricacies of these factors, we can help you.
Being Visible is all about Publicity
Publicity is the kind of information that can change the public's opinion. Talking about a particular business's publicity can positively change people's opinions about an organization or business. Different publicity tools create awareness among people and build the business's credibility.
There are examples of different types of publicity, articles in newspapers, video reports on local news channels, and participation in public events. A video report on a local news channel can give a boost to your business.
Publicity can create awareness about your business and add to credibility. It also strengthens public relations. If you choose online publicity, it can attract more traffic to your website. Moreover, you get more media coverage and reach more people through publicity.
Publicity is different from public relations. Publicity is the media coverage, but public relations is what you do to take your business to people. You can write a press release for your business, but the tone will be like a third-person perspective. Media people use press releases to create stories for media reports. So, you can use publicity to enhance your business.
Cost-effective Publicity methods
Be known and strengthen public relations
In publicity, you can control the message you want to convey to the people and its timing. But in public relations, you need to plan how you want to connect with people. If you want to connect with local people, we have some suggestions.
Participate in community gatherings and events
Participation in community events can help your business in multiple ways. You can get information about the requirements of the people and what they want from your business. You can also explain the features of your business to them. Moreover, you can reach many people in a very short time.
There can be different community events like watch programs, events on social causes, training programs, emergency preparation events and many more.
Such events allow you to discuss matters of common interest with residents, which can suggest some new business ideas as well.
You can also participate in specific real estate events as a speaker. You can arrange such conferences on a local level with the help of other property managers in your area. Moreover, if you have the expertise, you can participate as a guest speaker in events at educational institutions. For online events, you can join a webinar as a guest.
Share resources
If you want to build public relations and do the business's publicity, you can share resources with the local community. They can be in the form of physical entities like sharing your place for public events, and they can be sharing ideas to solve their problems. You can donate money to solve some critical issues. You can start a campaign to solve any problem; it will also get a lot of attention for your business.
Be heard and build a good business reputation
The reputation of your business is the opinion of people about your business. Your reputation is not something that you can control. However, if you build your public relations carefully, your reputation will also grow positively.
Nowadays, people can easily share their opinion online without sharing their real identities. Different social media platforms have different users, and all these forums collectively build a reputation for a business. So, do efforts to create a positive image of your business on social media platforms and let your voice reach all potential customers.
Respond to reviews and comments
ORM or Online Reputation Management is very important these days. It reflects your business and is a tool to build your credibility. You can respond to reviews and comments to shape people's opinions positively. It will strengthen the relationship between your business and customers, and the number of loyal customers will increase.
Keep good terms with tenants.
Reputation is not all about publicity and public relations. Your attitude and dealing with current tenants are also very important. Current tenants play a very important role to build your reputation when they share the experience of dealing with you with others. If you are a cooperative landlord, they will tell the same to others, and if they are not happy in your rental unit, they can easily ruin your reputation. So, it’s very important to get positive reviews from them, and you need to keep this in mind.
All you need to do is be polite with them and listen to their requests, particularly if there is some emergency. You can ask them for testimonials and reviews at the end of the lease.
Improve through feedback
Listen to the opinion of other people. Read reviews about your business on social media platforms. Ask about the opinion of tenants at the end of the lease, what are the things they suggest improving your business.
Verdict
A bad reputation can ruin your real estate business, so you need to work hard to build a good reputation. A good reputation can bring more tenants for your rental units, keeping your income in flow. So, invest in your reputation and public relations, online and offline as well. Public relation is the key to your success in the real estate business. If you already have a good reputation, protect it like a very precious thing.
If you’d like to talk more about property management, or you need help with Everest Property Management, please contact us at Everest Realty.
As a top producing Realtor and Property Manager; Terry specializes in sales, extensive construction homes, rentals, REO’s, short sales, and all aspects of Real Estate. After graduating the University of Michigan with a master in MBA, Terry continued his endeavor and now has over 15+ years of experience in the Real Estate world. If there is anything that has to do with Real Estate and sales, you can always be sure of Terry to provide important, specialized knowledge.
