Top Marketers: What Large Portfolios Know About Renter Behavior | Josh Draughn & Corina Stef
Why It Matters
Understanding these nuanced renter preferences enables multifamily firms to build trust, accelerate leases, and out‑perform competitors in an increasingly data‑driven market.
Key Takeaways
- •Integrated marketing and operations boost lead conversion and trust
- •Renters demand transparency; fake listings erode confidence in market
- •Laughter during tours increases lease likelihood by 48%
- •Detailed amenity videos and pet‑park maps drive engagement
- •Small‑scale operators can act on data faster than large portfolios
Summary
Top Marketers featured senior vice president of marketing Josh Draughn discussing how large multifamily portfolios are decoding renter behavior. He explains that Hillpoint’s model fuses demand generation, centralized operations, and technology to ensure every inquiry receives a high‑quality response, turning interest into tours, applications, and ultimately leases. Key insights include the shift from persuasive advertising to precision‑driven trust, the critical role of transparency amid fake listings, and the power of data‑backed nuances—such as a 48% lease lift when a prospect laughs during a tour. The conversation also highlights renters’ appetite for granular content like gym‑equipment videos, pet‑park location maps, and even preferences for analog doorbells over digital keypads. Draughn cites a study of 1.6 million customer calls revealing the laughter effect, and notes that showing 50 available units for new builds builds confidence, while over‑listing erodes it. He also shares anecdotes about residents requesting detailed amenity walkthroughs and the surprising desire for simple doorbell interfaces, underscoring the complexity and locality of renter expectations. The implications are clear: operators must prioritize authenticity, leverage real‑time data to personalize experiences, and maintain a balance between centralized efficiency and local market flavor. Smaller portfolios can iterate quickly on insights, gaining a competitive edge over massive operators bogged down by red tape, ultimately driving higher conversion rates and revenue growth.
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