Boss Talks | Elevating ALL the Bosses of the Multifamily Industry

Sue Vickery Boss 113: Management Preferences Versus Resident Preferences

Episode Summary

In this episode, Evan welcomes Sue Vickery, a multifamily industry veteran and founder of Carry Added Consulting, to discuss the real needs of residents versus the assumptions of property management. Sue shares her journey from property management to consulting, and offers candid insights on what truly matters for resident satisfaction and retention.

Episode Notes

Show Notes & Timestamps

• 0:00 – Introduction and Guest Welcome
• 0:23 – Meet Sue Vickery
• 0:33 – Sue’s Company and Success Story
• 1:03 – Host Introduction & Community Boss Solutions
• 1:41 – Sue’s Journey to Entrepreneurship
• 2:10 – Parking Problems in Multifamily Housing
• 4:38 – The Importance of Resident Experience & Online Reviews
• 5:06 – Zillow Data: Parking as a Top Resident Concern
• 5:36 – The Myth of Decreasing Parking Demand
• 6:59 – Music Preferences and Motivation
• 8:39 – Cold Brew: The Ultimate Beverage
• 10:14 – Sue’s Career Background
• 11:02 – From Property Management to Acquisitions
• 13:24 – Resident Experience Role at TCR
• 15:04 – Designing for Retention vs. Attraction
• 19:24 – Amenities That Matter (Smart Tech, Showers, Bathtubs, etc.)
• 28:50 – Home Comforts and Daily Appreciations
• 29:38 – Sound Insulation Challenges in Apartments
• 30:22 – Management Expectations and Resident Retention
• 32:04 – The Impact of Concessions on Leasing
• 35:53 – Amenities for Different Property Classes (A, B, C)
• 36:55 – Outdoor Spaces and Modern Amenities
• 38:41 – Functionality Over Aesthetics in Rentals
• 40:14 – Management Preferences vs. Resident Needs
• 41:00 – Package Delivery and Management Practices
• 44:12 – 24/7 Amenities and Resident Satisfaction
• 45:56 – Technology Solutions for Property Management
• 47:46 – Marketing Strategies and Digital Campaigns
• 58:39 – Final Thoughts and Future Episodes

Key Topics Covered:

• Sue’s background in property management, acquisitions, and consulting
• The evolution of resident experience roles in multifamily housing
• Why parking is a top concern for residents (with data from Zillow and online reviews)
• The myth of decreasing parking demand and the reality in most U.S. cities
• The importance of functional amenities over flashy features
• How management preferences can conflict with resident needs
• The impact of pricing, concessions, and digital marketing on resident retention
• Actionable tips for designing communities that attract and retain residents

Notable Quotes:

• “Parking is one of the biggest reasons why people are unhappy—because their friends can’t park.”
• “Zillow data shows that off-street parking is the top feature residents save and share when searching for a new place.”
• “Function is everything. Residents want durable, easy-to-maintain spaces, not just aesthetics.”

Takeaways:

• Focus on amenities and features that residents actually use and value, like parking, storage, and functional layouts.
• Don’t underestimate the impact of parking on resident satisfaction and retention.
• Use data and resident feedback to guide design and management decisions.
• Invest in digital marketing and a strong online presence to attract new residents.

Connect with Sue Vickery:
LinkedIn: Sue Vickery 

Carryatid Multifamily Consulting: Website

Connect with Host Evan Happel:
Community Boss: Website

Next Episode:

Boss Talks will return after Thanksgiving. Stay tuned for more industry insights and guest interviews!