How to Answer: We currently have 10 percent vacancy. How will you try to fill those spots?
Advice and answer examples written specifically for a Property Manager job interview.
35. We currently have 10 percent vacancy. How will you try to fill those spots?
How to Answer
Your answer to this question provides an opportunity to show off the marketing strategies that you have developed over the course of your career. Consider what has worked well for you and what has attracted the type of tenant you are looking for. Having a plan is key, and finding the right tenants is essential! You may want to include incentivizing your current tenants to provide referrals, utilizing Facebook to market the property, updating signage in front of the buildings, offering a discount, building strategic partnerships in the community for referrals, etc.
Keep your industry in mind, and share 1-2 strategies that you would pursue. Be sure to mention that finding the RIGHT tenants is essential, and your goal would be to fill the space with quality tenants as quickly as possible.
Written by Ryan Brown on March 19th, 2021
1st Answer Example
"The challenge, as usual, is balancing quality with quantity. I'd have to identify the profile of the kind of tenant who would be the best fit for the space. Then, I'd develop a marketing plan to get their attention. In marketing the space, I would consider who the ideal tenant is and how to get the advertisement or promotion in front of their eyes?
I've found success in previous projects by using Facebook. Facebook offers highly-targeted ads, which help us make sure that our message is getting in front of the right people. I also create a Facebook page for the building and encourage the current tenants to form an online community to share interesting news and information. This creates visibility for the kinds of people who live in the property, which naturally attracts the right kind of tenants and screens out the undesirable ones."
Written by Ryan Brown on March 19th, 2021
2nd Answer Example
"The challenge, as usual, is balancing quality with quantity. I'd have to identify the profile of the kind of tenant that's the best fit for us. Then I'd develop a marketing plan to get their attention. Who is our ideal tenant, and how can we get our advertisement or promotion in front of their eyes?
I've found success in previous projects by using Facebook. They have highly-targeted ads, which helps us make sure that our message is getting in front of the right people. I also create a Facebook page for the building and encourage the current tenants to form a loose community to share interesting news and information. This creates visibility for the kinds of people who live in the property, which naturally attracts the right kind of tenants and screens out the undesirable ones."
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