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    <title>Leveraging Innovation </title>
    <link>http://www.biggerpockets.com/blogs/699-leveraging-innovation-</link>
    <description>Leveraging Innovation  at BiggerPockets.com</description>
    <item>
      <title>Explaining Social Media to my 104-year-old Great-Grandmother</title>
      <link>http://www.biggerpockets.com/blogs/699/blog_posts/3055-explaining-social-media-to-my-1-4-year-old-great-grandmother</link>
      <guid>http://www.biggerpockets.com/blogs/699/blog_posts/3055-explaining-social-media-to-my-1-4-year-old-great-grandmother</guid>
      <description>&lt;p&gt;My great-grandmother is now 104 years old. While her sight is gone and her hearing is barely there, she&amp;rsquo;s still the gifted conversationalist and thinker she always was. Though she stays informed (and extremely opinionated) with the aid of news radio, she is not entirely current in her knowledge of things technological. Yet, being the caring grandmother she is, her life is enriched by the achievements of her progeny. In response to my birthday card, she wrote (by proxy) a letter of thanks which naturally included questions about my current personal and professional endeavors, my love life and every other area in which loving grandparents are so keenly interested.&lt;/p&gt;
&lt;p&gt;How to respond? What is it exactly that I do? How to communicate this to a beloved centenarian? Consider these facts about my &lt;em&gt;prababi&amp;egrave;ka &lt;/em&gt;(Czech for great-grandmother):&lt;/p&gt;
&lt;p style="padding-left: 30px;"&gt;&amp;bull; The town where she was born, near International Falls, MN, was almost entirely Czech-speaking. Although American born, Czech is her first language, and she still speaks in her native tongue on occasion.&lt;/p&gt;
&lt;p style="padding-left: 30px;"&gt;&amp;bull; Her family frequently traded food and goods with the American Indians that lived near her farm. They had not yet been resettled and were considered &amp;ldquo;wild&amp;rdquo;.&lt;/p&gt;
&lt;p style="padding-left: 30px;"&gt;&amp;bull; Her familiarity with computers is limited to the knowledge that they exist. She knows nothing of the internet or mobile phones, let alone the text messaging or social media that comprise a large part of my job description.&lt;/p&gt;
&lt;p&gt;While her &lt;em&gt;knowledge&lt;/em&gt; of the technological age that you and I inhabit is nonexistent, her &lt;em&gt;capacity for imagination&lt;/em&gt; remains as healthy as it ever was. My &lt;em&gt;prababi&amp;egrave;ka &lt;/em&gt;experienced the birth of the Model T, the first and second World Wars, Women&amp;rsquo;s Suffrage, the Prohibition Era, the Great Depression, the struggle for civil rights, and countless other monumental events in the course of American, and human, history. Yet, of equal or greater importance to her are the things that populate the lives of her loved ones. Things that are important to me, however trivial or insignificant to the world around me, are important to her, too.&lt;/p&gt;
&lt;p&gt;I find it difficult to describe what I do to even my tech-savvy &lt;a href="http://stephaniegreenleigh.com/"&gt;mom&lt;/a&gt; and &lt;a href="http://www.flipsidestudios.com/"&gt;dad&lt;/a&gt;, both of whom were early adopters of the web, but are struggling to keep apace of social media and things like Twitter and LinkedIn. How on Earth can I possibly explain it to my 104 year-old great grandmother? I won&amp;rsquo;t be doing this here, but I&amp;rsquo;ll start by defining terms and breaking down concepts, and then explain to her how it all applies to my day-to-day life.&lt;/p&gt;
&lt;p&gt;People like my &lt;em&gt;prababi&amp;egrave;ka&lt;/em&gt; are increasingly rare. However, we will all come across a situation in which we will be asked to explain our use of modern tools like blogging, social media, text messaging, mobile apps, in our professional and personal lives (if such distinctions are even still important) to others that are, to varying degrees, unfamiliar with this world. In another likely scenario, you may be asked to articulate your grasp and usage of things like Twitter to someone who is equally current, but seeking your unique strategy, opinion, or philosophy. This might occur in an interview setting, during a media inquiry, or in everyday communication with peers. In each case, it is important that we can demonstrate our understanding of such things without relying on industry buzzwords, overly-technical jargon and the assumption that our audience is on similar footing.&lt;/p&gt;
&lt;p&gt;I&amp;rsquo;m as guilty as anyone in this regard. This is why, as I begin to think of better ways to convey my experience with social media to just one person, I am struck by the value in the mental exercise that helps me get there. In thinking up a coherent, accessible explanation of my place in the virtual world, the way I understand its operation and utility, and the view from my virtual window, I am better able to speak to anyone about a variety of related issues and concepts.&lt;/p&gt;
&lt;p&gt;&lt;strong&gt;I urge you&lt;/strong&gt; to start your own self-study and reflection as soon as you can. &lt;strong&gt;Help yourself and others&lt;/strong&gt; by sharing what you find in the comments below.&lt;/p&gt;</description>
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    <item>
      <title>Green Marketing for Property Managers</title>
      <link>http://www.biggerpockets.com/blogs/699/blog_posts/3048-green-marketing-for-property-managers</link>
      <guid>http://www.biggerpockets.com/blogs/699/blog_posts/3048-green-marketing-for-property-managers</guid>
      <description>&lt;p class="MsoNormal"&gt;&lt;em&gt;This post courtesy of &lt;a href="../../../../users/Buildium"&gt;Michael Monteiro&lt;/a&gt;, CEO of           Buildium LLC, maker of &lt;a href="http://www.buildium.com/"&gt;online property           management&lt;/a&gt; software for landlords, professional property managers, condos           and homeowner associations (HOAs) and is author of the The Buildium &lt;a href="http://blog.buildium.com/"&gt;Property Management Blog&lt;/a&gt;.&lt;/em&gt;&lt;/p&gt;
&lt;p class="MsoNormal"&gt;&amp;nbsp;&lt;/p&gt;
&lt;p class="MsoNormal"&gt;Attention Property Managers and Landlords: Are you seeking           new ways to appeal to prospective tenants? Look no further than your local           grocery store to see two trends that can be incorporated into a successful           property marketing program: environmental awareness and economical living. Take           a look at the check stands around you and it&amp;rsquo;s abundantly clear that the days           of plastic bagging are gone&amp;mdash;reusable canvas totes are rapidly becoming the norm           as people increasingly turn toward incorporating sustainable measures into           their everyday lives.&amp;nbsp; Stroll through the           aisles and you&amp;rsquo;ll also likely see many shoppers pausing to compare prices. For           obvious reasons, economical choices and cost-cutting measures are clearly far           more prevalent than they were a few years ago.&lt;/p&gt;
&lt;p class="MsoNormal"&gt;&amp;nbsp;&lt;/p&gt;
&lt;p class="MsoNormal"&gt;Sure, the grocery business and property management are two           completely separate industries, but these general consumer trends toward (environmental           sustainability and more economical living) are long-term shifts extending to           all sectors. Adapting your property&amp;rsquo;s marketing strategy to cater to these           interests is just good business, plain and simple. And exercising a few green           marketing strategies is the perfect way to cater to customers&amp;rsquo; increasing           desire to go green &lt;em&gt;and &lt;/em&gt;save money in           one fell swoop.&lt;/p&gt;
&lt;p class="MsoNormal"&gt;&amp;nbsp;&lt;/p&gt;
&lt;p class="MsoNormal"&gt;&lt;strong&gt;Going Green&lt;/strong&gt;&lt;/p&gt;
&lt;p class="MsoNormal"&gt;Before you actually market your property as eco-friendly,           you have to ensure that you &lt;em&gt;are &lt;/em&gt;environmentally           friendly. Taking steps toward going green can be as big or as small as your           budget allows. Following are a few tweaks&amp;mdash;some large and some small&amp;mdash;that can           increase your property&amp;rsquo;s green quotient:&lt;/p&gt;
&lt;ul&gt;
&lt;li&gt;&lt;span style="font-family: Symbol;"&gt;&lt;span style="font-family: &amp;quot;Times New Roman&amp;quot;; font-style: normal; font-weight: normal;"&gt;&amp;nbsp;&lt;/span&gt;&lt;/span&gt;Set up a comprehensive &lt;a href="http://www.epa.gov/waste/conserve/rrr/rogo/program/index.htm"&gt;recycling program&lt;/a&gt; that goes above-and-beyond local laws and ordinances that can be easily utilized by all tenants. &lt;/li&gt;
&lt;li&gt;&lt;span style="font-family: Symbol;"&gt;&lt;span style="font-family: &amp;quot;Times New Roman&amp;quot;; font-style: normal; font-weight: normal;"&gt;&lt;span style="font-size: xx-small;"&gt;&amp;nbsp;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;Use &lt;a href="http://www.greenhomebuilding.com/index.htm"&gt;green building materials&lt;/a&gt; such as bamboo flooring and recycled glass countertops.&lt;/li&gt;
&lt;li&gt;&lt;span style="font-family: Symbol;"&gt;&lt;span style="font-family: &amp;quot;Times New Roman&amp;quot;; font-style: normal; font-weight: normal;"&gt;&amp;nbsp;&lt;/span&gt;&lt;/span&gt;Install &lt;a href="http://www.energysavers.gov/your_home/water_heating/index.cfm/mytopic=12850"&gt;solar&lt;/a&gt; or &lt;a href="http://www.tanklesswaterheaterguide.com/"&gt;tankless&lt;/a&gt; water heaters.&lt;/li&gt;
&lt;li&gt;&lt;span style="font-family: Symbol;"&gt;&lt;span style="font-family: &amp;quot;Times New Roman&amp;quot;; font-style: normal; font-weight: normal;"&gt;&amp;nbsp;&lt;/span&gt;&lt;/span&gt;Use &lt;a href="http://www.energystar.gov/index.cfm?c=lighting.pr_lighting"&gt;energy efficient&lt;/a&gt; or fluorescent lights.&lt;/li&gt;
&lt;li&gt;&lt;span style="font-family: Symbol;"&gt;&lt;span style="font-family: &amp;quot;Times New Roman&amp;quot;; font-style: normal; font-weight: normal;"&gt;&amp;nbsp;&lt;/span&gt;&lt;/span&gt;Incorporate &lt;a href="http://en.wikipedia.org/wiki/Daylighting"&gt;daylighting with&lt;/a&gt; windows and skylights.&lt;/li&gt;
&lt;li&gt;&lt;span style="font-family: Symbol;"&gt;&lt;span style="font-family: &amp;quot;Times New Roman&amp;quot;; font-style: normal; font-weight: normal;"&gt;&amp;nbsp;&lt;/span&gt;&lt;/span&gt;Install &lt;a href="http://www.energysavers.gov/your_home/space_heating_cooling/index.cfm/mytopic=12480"&gt;energy efficient heating&lt;/a&gt; that doesn&amp;rsquo;t use electricity.&lt;/li&gt;
&lt;li&gt;&lt;span style="font-family: Symbol;"&gt;&lt;span style="font-family: &amp;quot;Times New Roman&amp;quot;; font-style: normal; font-weight: normal;"&gt;&amp;nbsp;&lt;/span&gt;&lt;/span&gt;Replace outdated appliances (such as refrigerators and dishwashers) with ones designated &lt;a href="http://www.energystar.gov/"&gt;Energy Star&lt;/a&gt;.&lt;/li&gt;
&lt;/ul&gt;
&lt;p&gt;&amp;nbsp;&lt;/p&gt;
&lt;p class="MsoNormal"&gt;Now that you&amp;rsquo;ve greened up your act, it&amp;rsquo;s time to let prospective           tenants know about it; when advertising vacant units highlight your property&amp;rsquo;s           green features. Remember, a good green property marketing strategy lists more           than just green features&amp;mdash;it appeals to prospective tenants on two levels: &lt;em&gt;logistical&lt;/em&gt; and &lt;em&gt;emotional&lt;/em&gt;.&lt;/p&gt;
&lt;p class="MsoNormal"&gt;&amp;nbsp;&lt;/p&gt;
&lt;p class="MsoNormal"&gt;&lt;strong&gt;Logistical Green           Marketing&lt;/strong&gt;&lt;/p&gt;
&lt;p class="MsoNormal"&gt;Begin by letting prospective tenants know about your           property&amp;rsquo;s environmentally friendly practices and exactly how these measures will           save them money. After all, going green makes good monetary sense. Because many           green measures involve energy efficiency, there is a direct correlation between           saving the environment and saving cash.&amp;nbsp;           Make sure, for example, that prospective tenants know that the           property&amp;rsquo;s lighting fixtures are fluorescent or otherwise energy efficient,           which translates into less energy used and subsequently lower electric bills.           Have you installed energy efficient appliances? If so, explain how less           electricity or water translates into direct savings.&lt;/p&gt;
&lt;p class="MsoNormal"&gt;&amp;nbsp;&lt;/p&gt;
&lt;p class="MsoNormal"&gt;These may sound like small things&lt;span class="msoIns"&gt;,&lt;/span&gt; but for           many tenants right now, every last dollar counts. According to &lt;a href="../../Local%20Settings/Local%20Settings/Temp/green-energy-efficient-homes.com"&gt;green-energy-efficient-homes.com&lt;/a&gt;,           an energy efficient residence can cost as little as a quarter of the price to           heat, cool, and light as the average home. Clearly layout the potential savings           by &lt;a href="http://www1.eere.energy.gov/calculators/homes.html"&gt;doing the math&lt;/a&gt; for prospective tenants. Calculate the amount a &amp;ldquo;green&amp;rdquo; unit&amp;rsquo;s monthly utility           bill is compared to a unit with regular non-efficient features. Take the           difference and multiply it by 12 to demonstrate exactly how much money your           tenants stand to save on bills.&lt;/p&gt;
&lt;p class="MsoNormal"&gt;&amp;nbsp;&lt;/p&gt;
&lt;p class="MsoNormal"&gt;&lt;strong&gt;Emotional Green           Marketing&lt;/strong&gt;&lt;/p&gt;
&lt;p class="MsoNormal"&gt;Now that you&amp;rsquo;ve explained why your property offers prospective           renters a more cost effective living option, it&amp;rsquo;s time to tap into the more           esoteric realm of green marketing. While going green makes good fiscal sense,           it&amp;rsquo;s not the only reason people are cleaning up their act. Things like social           responsibility, making a difference, and the ability to feel better about the           way we live are increasingly important to people. Point out that your property           affords prospective renters with all these options. And, make no mistake, for           as important as economical living is these days, people still want to           incorporate green living into their lifestyles. According to Reuters, a full 82           percent of U.S. consumers are buying at least some green products even during           the current economic crisis.&lt;/p&gt;
&lt;p class="MsoNormal"&gt;&amp;nbsp;&lt;/p&gt;
&lt;p class="MsoNormal"&gt;According to &lt;a href="http://www.eco-innovations.com/"&gt;eco-innovations.com&lt;/a&gt;,           when it comes to housing, Green Appeal is a legitimate draw for consumers. &amp;ldquo;&lt;span class="style3"&gt;Similar to &amp;lsquo;curb appeal,&amp;rsquo;&amp;nbsp;&lt;/span&gt;&lt;span class="style4"&gt;Green           Appeal&lt;/span&gt;&lt;span class="style3"&gt;&amp;nbsp;leaves a lasting impression on buyers by           distinguishing a property with noticeable green features such as high           performance windows, energy efficient appliances, water-conserving fixtures and           clean indoor air. In contrast to curb appeal's           simply aesthetic value,&amp;nbsp;&lt;/span&gt;&lt;span class="style4"&gt;Green Appeal&lt;/span&gt;&lt;span class="style3"&gt;&amp;nbsp;increases property value with long-lasting economic,           environmental and family health benefits.&amp;rdquo; And if that doesn&amp;rsquo;t convince you,           consider this: Even REALTORS&lt;/span&gt;&lt;span class="style3"&gt;&lt;span style="font-family: &amp;quot;Palatino Linotype&amp;quot;;"&gt;&amp;reg;&lt;/span&gt; have begun seeking out &lt;a href="http://www.greenresourcecouncil.org/"&gt;green certifications&lt;/a&gt; to cater to           this emerging market. &lt;/span&gt;&lt;/p&gt;
&lt;p class="MsoNormal"&gt;&lt;span class="style3"&gt;&amp;nbsp;During this time when vacancies are more           difficult to fill than they have been in recent memory, consumers&amp;rsquo; demonstrated           interest in all things green offers property managers the perfect way to set           themselves apart from the pack. Best of all, not only will green marketing open           your properties up to a new demographic, but it will likely generate more           loyal, long-term tenants. After all, people who feel good about the way they           live&amp;mdash;and are living more cost-effectively to boot&amp;mdash;are likely to stay right           where they are. &lt;/span&gt;&lt;/p&gt;
&lt;p class="MsoNormal"&gt;&lt;span class="style3"&gt;&amp;nbsp; &lt;/span&gt;&lt;/p&gt;
&lt;p class="MsoNormal"&gt;&amp;nbsp;&lt;/p&gt;
&lt;p class="MsoNormal"&gt;&amp;nbsp;&lt;/p&gt;
&lt;p&gt;&amp;nbsp;&lt;/p&gt;</description>
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