Spent $1,450 over five months of Instagram for two buildings, zero applications
I own a 12 unit and an 8 unit, both older walkups in a working class part of town. Last year I decided the buildings should have a presence, so I hired a content person off a referral. $200 setup, then $250 a month for three posts a week plus stories. Five months, $1,450 total.
What I got was real work. She was on time, the photos looked good, the captions were fine, the grid looked like a place someone would want to live. Followers went from about 180 (mostly friends) to 940. Comments, saves, the whole thing moved up.
What I did not get was a single application. Not one. In that same window I turned four units. All four leased off the syndicated listing sites, and one of those four came from a sign in the window that cost me $18. When I went back through the DMs the account had gotten, they were vendors pitching me, two other landlords, a wholesaler, and one guy asking if I bought buildings. Zero renters.
The part I got wrong is that I never wrote down what the money was supposed to do before I spent it. I assumed "presence" would turn into applications on its own, and I never asked her what she thought the path was. She was producing content. She was never asked to produce leases, and I never checked whether renters in my price band look for apartments on Instagram at all. Mostly they search on the big listing sites and then they call.
What I would do differently: buy content per turnover instead of a monthly feed. Listing photos, a walkthrough clip, a floor plan sketch, priced per unit, tied to a unit going vacant. And I would have run 60 days instead of five months before deciding whether it was working.