In multifamily marketing, more leads don’t always mean more leases. Chasing volume over quality is an expensive endeavor—especially with the rising cost of digital ads. If you're running Google Search or Facebook Ads for apartment communities, it’s worth shifting focus toward better-qualified leads, not just more of them.
In Google Search, broad match keywords often attract high traffic but low intent. Instead, focus on exact and phrase match keywords that indicate leasing intent, like “2 bedroom apartments near [location]” or “pet-friendly apartments with in-unit laundry.”
On Facebook, leverage custom audiences and lookalikes based on your CRM data to reach people who resemble your current tenants—not just anyone browsing apartments.
Not all leads are created equal. Implement a lead scoring model in your CRM to evaluate which leads are more likely to convert based on behaviors like tour bookings, email engagement, or qualification criteria (e.g., credit score, move-in date, income).
Then—crucially—use this data to inform your campaigns.
Ad platforms only know what you share with them. If you’re not feeding back conversion data—like who actually signed a lease—you’re missing out.
Tools like Google Enhanced Conversions and Facebook’s Conversions API let you securely send this data back, helping the algorithms prioritize audiences and keywords that drive real leases—not just form fills.
Rather than optimizing for top-of-funnel events like “Lead” or “Website Visit,” set your campaigns to optimize for bottom-funnel events such as “Scheduled Tour” or “Application Submitted.” These are stronger indicators of intent and help train the platforms to find users more likely to convert.
Avoid generic “now leasing” ads. Tailor your messaging to match search and social intent—for example, highlight pet-friendly policies, short-term lease options, or in-unit amenities if those are key selling points.
Use dynamic creative on Facebook to test headlines, images, and calls-to-action that resonate with qualified renters, not just window shoppers.
The Bottom Line:
Are you in the process of identifying ways to better optimize campaign conversions? Let’s talk!