Writing ยท Pricing / Revenue Management
๐ช๐ต๐ผ ๐๐ฒ๐ณ๐ถ๐ป๐ฒ๐ ๐ค๐๐ฎ๐น๐ถ๐๐ ๐ถ๐ป ๐ฃ๐ฟ๐ผ๐ฝ๐ฒ๐ฟ๐๐ ๐ ๐ฎ๐ป๐ฎ๐ด๐ฒ๐บ๐ฒ๐ป๐?
Hint: Itโs not your regional manager.
Itโs the resident who walks past a dead plant in the lobby for three weeks.
The prospect who doesnโt get a call back.
The vendor who hasnโt been paid in 90 days.
The owner who finds out the hard way that the rent comps were wrong.
Quality is what people feelโnot what you intend.
Itโs invisible when done right. Blinding when ignored.
And according to the Harvard PIMS Study, companies rated โhighest qualityโ in their industry were almost always the most profitable. Not sometimes. Not often. Always.
๐๐ผ๐ ๐ฑ๐ผ ๐๐ผ๐ ๐บ๐ฒ๐ฎ๐๐๐ฟ๐ฒ ๐ถ๐ ๐ถ๐ป ๐ฝ๐ฟ๐ผ๐ฝ๐ฒ๐ฟ๐๐ ๐บ๐ฎ๐ป๐ฎ๐ด๐ฒ๐บ๐ฒ๐ป๐?
Not with a slogan.
Not with another training.
You measure it in the details:
How many work orders are done right the first time?
How many unanswered leads sit in your CRM?
How often does your team walk the model unit like a prospect would?
When was the last time the site was mystery shoppedโand you actually used the feedback?
Quality isnโt a department.
Itโs the standard you refuse to drop, even when no oneโs watching.
๐๐ณ ๐ผ๐๐ฟ ๐ถ๐ป๐ฑ๐๐๐๐ฟ๐ ๐ฟ๐ฎ๐ป๐ธ๐ฒ๐ฑ ๐บ๐ฎ๐ป๐ฎ๐ด๐ฒ๐ฟ๐ ๐ฏ๐ ๐พ๐๐ฎ๐น๐ถ๐๐, ๐๐ต๐ฒ๐ฟ๐ฒ ๐๐ผ๐๐น๐ฑ ๐๐ผ๐ ๐ฟ๐ฎ๐ป๐ธ?
Top 10%?
Middle of the pack?
Or trying to convince ownership that 3.6 stars is โnormalโ?
Every property has a reputation. The only question isโwas it built on purpose?
Raise your quality, and everything else gets easierโleasing, renewals, owner trust, employee retention.
But donโt confuse checklists for quality.
Itโs not the checklist that matters.
Itโs whether the resident believes you care.
Want to build a real competitive edge?
Forget gimmicks.
Fix the basics. Relentlessly.
Source: Harvard Strategic Planning Instituteโs PIMS Study (Profit Impact of Market Strategy), spanning 620 companies over 20+ years.