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‘Real estate is about revenue, retention and reputation – and our clients understand that’

The message of the 2022 RealService Conference was that our people are key to making the most of a future in which the property industry will embrace customer experience as never before.

“The post-pandemic world is a different world and our services have never been more in demand,” said director and chief operating officer Louise Freethy, who welcomed staff and consultants to their first face-to-face gathering for three years.

“The insight we provide and the customer experience strategies we promote have engagement at board level.

“Real estate is about reputation, retention and revenue and our clients understand that. They know that RealService adds value and it’s our privilege to help them.

“Our interviewers, our project managers, our people who work tirelessly and professionally to provide our high-quality services are our best assets. Thank you for all your efforts.”

RealService founder Howard Morgan’s mantra has been that property is not about bricks and mortar, but about hospitality and the people who occupy the buildings.

It’s our time. Please be part of creating our future Howard Morgan

“It’s our time,” he told the attendees. “The pandemic has shown that landlords must understand their customers. RealService has a wonderful future, and I would say to you, ‘please be part of creating that future’.”

Also important to the RealService business are our values, and prizes aligning to them were awarded by Louise.

Howard received the ‘pioneer’ award in recognition of his lightbulb moment from which RealService was born, his constant innovation around product development and the honorary professorship he was awarded by UCL following his creation of Future Leaders educational programme.

Our data whizz Lasha Gegidze received the ‘expert’ award for his development of the innovative RealService dashboard, while senior consultant April Davies was the ‘young-minded’ recipient because of her ability to embrace any new challenge with positivity.

Jane King, a proofer and scheduler, won the ‘caring’ award for being ready to help anybody with anything, anytime.

Picture showing a line up of people outside
RealService Conference 2022 … This is us

‘It’s people who drive your business, who are the face of your business’

Guest speaker Tricia Heberle was Chef de Mission for Team Ireland at the 2020 Tokyo Olympics.

She spoke of the importance of putting people first – in her case, the athletes – and having values which become the pillars around which the organisation can grow, and change can take place.

“It has been great to be out of my comfort zone learning about the changing needs and opportunities in the real estate industry for property developers and landlords delivering on customer experience,” she said.

“There are many synergies between your business and the world of sport, especially when it comes to realising that it’s people who drive your business, who are the face of your business – and who are your customers.”

RealService, the customer experience consultancy for the real estate industry, is delighted to welcome Justine Johnson in the role of Associate Director, with special responsibility for creating new products and services, and business development.

Justine joins RealService from advertising company Grey London, where she held the post of Group Business Director, working with a wide range of brands including Volvo, VW, Virgin Atlantic, Bose Global and GSK.

Howard Morgan, RealService Founder and CEO, said: “Justine joins RealService at a time of significant opportunity for the firm. With 23 years’ experience in CX insight, training, and consultancy, we are ideally placed to help the real estate industry through a period of dramatic change. We’re not resting on our laurels and excited to be attracting the next generation of talent to the company.”

Louise Freethy, RealService Director and COO, said: “Winning and keeping occupier customers has never been more important to our clients. Justine’s experience gained working with blue-chip companies around the world will be immensely valuable, enabling us to bring customer experience solutions from within and outside the property industry.”

Justine said she was looking forward to her new role.

“I was looking to join a company with a strong sense of purpose operating in a sector where I can make a real difference and believe that I’ve found that in RealService,” she said.

“The real estate industry is undergoing a revolution in the way it thinks about its customers. I’ve seen this kind of transformation happen elsewhere and am excited to have the chance to bring my experience to RealService clients.”

This announcement follows Howard’s recent appointment as an Honorary Professor at the UCL Bartlett School of Sustainable Construction. Howard will continue to provide strategic consulting advice to RealService clients while pursuing his interests in real estate education and as a trustee of a mental health charity.

Louise, who recently celebrated 18 years with RealService, will be extending her leadership responsibilities in the coming months as the firm implements its succession plan.

Director Sue Flatto is to become an adviser to RealService from May 1, stepping back from her day-to-day involvement in client projects.

 

About RealService

RealService helps our clients to improve leasing, retention and loyalty by creating a better experience for occupier customers. Our services include customer insight, customer experience consulting, skills training and networking.

 

For more information contact:

Howard Morgan, Founder & MD

howard.morgan@real-service.co.uk

RealService is delighted to announce that our Founder, Howard Morgan, has been conferred with the title of Honorary Professor at the Bartlett School of Sustainable Construction at University College London (UCL).

Picture of Howard Morgan
Howard Morgan, Founder, Real Service

The appointment recognises Howard’s pioneering work in the field of customer experience and real estate over the past 30 years.

The Bartlett School of Sustainable Construction is an international centre of excellence in the teaching and research of project management, real estate and economics.

Speaking about the appointment, Howard said

“I’m very proud to receive this honour and looking forward to contributing to the development of this new field of real estate education and research.

The real estate industry will need to develop new skills and to attract a far more diverse pool of talent if we are to respond to the challenges imposed by pandemic and climate change. I’m excited to be working with an internationally recognised School which can bring fresh thinking to this challenge.”

Howard’s appointment builds on his role as course co-director with Professor Yolande Barnes to launch the ‘CX and Real Estate – Future Leaders Programme‘ at the Bartlett Real Estate Institute (BREI).

Professor Yolande Barnes said

“I’m delighted that Howard’s real-world expertise in this critically important area of real estate will be available to our students at the Bartlett.”

Howard will continue to provide advice on customer experience strategy to RealService clients who include leading investment managers, real estate investment trusts, landed estates, professional firms and professional bodies.

 

For more information contact:

howard.morgan@real-service.co.uk

 

 

 

 

 

 

 

 

 

 

 

‘It’s fantastic to be working together on a new vision’

RealService would like to congratulate the customer experience team at Transport for London for winning the Institute of Customer Service’s UK Customer Satisfaction Strategy Award for 2021.

It has been a great privilege to work with Siobhan Jared and Tom Atkinson over the last four years and we are very proud of the contribution we have made towards that success.

Our founder and managing director Howard Morgan has provided strategic guidance and coaching on TfL’s customer experience strategy since 2018.

RealService have also carried out in-house training for property managers and surveyors and conducted Voice of Customer research so TfL can better understand their customers and stakeholders. Our research has enabled TfL to measure their CX progress, benchmark it against their peers and pin-point areas which might need improvement.

How we helped TfL

Howard Morgan, RealService Founder and MD, was appointed in Q1 2018 by TfL Commercial Development to provide strategic guidance on its customer experience strategy. Since then, Howard has provided a range of consulting and mentoring services to the Senior Leadership Team. Projects successfully delivered include:
      • Development of new vision, mission and customer strategy
      • Design of a new customer experience best practice framework for Build to Rent residential
      • Design of stakeholder consultation events
      • Motivational workshops to launch customer programme
      • Best practice safari including visits
      • Informal mentoring of members of the SLT and management team
      • Advice on key performance indicators and measurement
      • What TfL said: 'RealService are completely in tune with the property industry in terms of the research it does, the networking and their understanding of the social piece, which is such a growth area. As a niche company they think a bit differently and have challenged us to do the same. (Siobhan Jared, Senior Business and Customer Performance Manager)
RealService were engaged by Transport for London to run a customer service training course for property managers and surveyors.

TfL wanted their staff to be prepared to manage the impact of the pandemic on their customers and be able to engage with empathy and understanding.

The bespoke course covered the acquisition of broad customer experience skills and also focused on personal skills around communication techniques, building on empathy, understanding and assertiveness.

RealService have also run a Financial Skills for Property Managers course, while TfL have also been enthusiastic supporters of the Customer Experience in Real Estate – Future Leaders Programme. This course, co-directed by Howard Morgan and Professor Yolande Barnes at UCL’s renowned Bartlett Real Estate Institute, runs twice a year.

The impact on TfL: Feedback from TfL suggests the training had a significant impact on the relationship between surveyors / property managers and TfL customers who spoke of better communication and said TFL had become ‘absolute leaders in customer service’.
Since 2018, in-house RealService consultants have carried out three Voice of Customer studies, conducting telephone interviews with TfL’s internal and external customers.

Having a purposeful customer experience strategy, backed up by effective in-house training and buy-in from property managers and surveyors meant there was a demonstrable improvement over all key metrics across the three surveys.

Impact on TFL: The results from the most recent study, delivered in 2021 showed:
      • A huge positive NPS shift
      • Significant rise in overall satisfaction
Picture of Howard Morgan
Howard Morgan … CX strategist

Howard said: “Transport for London have embraced every aspect of customer experience and injected it into their DNA. It has become part of their culture and the improvements in Net Promoter Score and feedback from their customers demonstrate their efforts have borne fruit.

“It’s fantastic to be working together on a new vision, mission and customer strategy, but they have started on the really hard work of actually delivering it.

“This award is a marvellous recognition of their progress, and is much deserved.”

“I would recommend Howard’s strategic expertise to any business wanting to put customers at the heart of their operations.”

Siobhan Jared, Transport for London

Siobhan Jared, TfL’s Senior Business and Customer Performance Manager, said: “We are delighted to receive the award because it recognises the progress we have made.

“Howard and his RealService colleagues have helped us from the very start of the journey and continue to provide advice, mentoring, education & training and Voice of Customer research so we can continue on this very rewarding path.

“We have worked with Howard since 2018 and I would recommend his strategic expertise to any business wanting to put customers at the heart of their operations.”

RealService are continuing to work closely with TfL.

QUESTION. What do Singapore Airlines, the NHS and The Crown Estate have in common?

Answer. They all examine – and publish – their Net Promoter Scores.

The score is a measure of customer loyalty used by more than two-thirds of America’s Fortune 1,000 companies and which has been embraced in the UK by forward-thinking property companies like The Crown Estate and GPE (formerly Great Portland Estates). Both have published their Net Promoter Scores in their 2021 Annual reports.

RealService can help you measure the loyalty of your customers and benchmark your score against your peers.

Managing director Howard Morgan believes the NPS is putting the spotlight on customer loyalty in the property industry: “The NPS is independent, it’s transparent and it is a powerful device for landlords in motivating their leadership teams and suppliers,” he said.

“It’s an industry-standard measure and I am delighted we are trusted by our clients to gather data which tracks and demonstrates their progress in improving customer loyalty.”

End user satisfaction more and more important

Investors are increasingly focusing on rental income and that makes the satisfaction of the end user more and more important. A good NPS is attractive to investors but it’s also an early-warning system which highlights areas which could be improved.

The score was developed in 1993 by Fred Reichheld and later adopted in 2003 by US consultants Bain & Company and tech company Satmetrix.

It is based around the simple question: On a scale of 0-10, how likely are you to recommend us to a friend or colleague? Plus the obvious follow up: Why?

The score identifies promoters, passives and detractors; it’s the promoters who will recommend your product or building to other potential customers.

As well as helping you calculate your NPS, RealService can also benchmark your score against other property companies, via our RealService Customer Experience Index.

RealService Customer Experience Index

The Index is based on around 35,000 responses to questions put to residential and commercial clients over the previous two years, covering eight core areas and incorporating overall Net Promoter Scores.

RealService clients can analyse their own data confidentially and compare their RealService CXI score with their peers in the property industry. It is published annually.

Louise Freethy, RealService director and chief operating officer, believes the property industry should embrace a metric which has long been used in other sectors.

“The NPS is a tried and tested tool which is an incredibly useful indicator for landlords as they reinvent office, retail and industrial environments and engage their customers in that process,” she said.

So please download our factsheet which covers NPS basics or contact RealService director and chief operating officer Louise.Freethy@Real-Service.co.uk for more information.

 

NPS Factsheet

I’ve seen the future of the high street and it’s in Bideford, Devon!

We’ve had some wonderful staycations this year in Yorkshire, Scotland and Cornwall and experienced some really first-class hospitality. Staying a AirBnB’s is a reminder that you don’t have to book into a big hotel chain or luxury boutique hotel to find people passionate and caring about the service they provide.

Our most recent staycation in Devon was also a reminder that you don’t have to travel to New York or Milan to discover innovation in retailing. In fact, in Bideford it’s right on our doorstep.

Bideford is a historic port town on the banks of the River Torridge in North Devon. In retailing terms it used to be what we called a “Boots and Woollies town”. Steady but unexciting. Of course, Woolworths have long gone and so have most of the multiples. I expected to see lots of empty stores but in fact there seems to be an organic process of change underway which is bringing a new vibrancy to the high street. That’s coupled with an excellent local-authority-run arts and craft market hall at The Pannier Market.

What’s so exciting about leather belts?

Some of the stores that you’ll want to visit are Josie’s Interiors, Sunshine and Snow  and Hip and Waisted. Let me tell you about Hip and Waisted, a shop that sells leather belts. What’s so exciting about leather belts? Let me share the wonderful experience we had and why this is the future of retailing.

The first thing you notice as you walk into this neatly presented store is the smell of leather, a bright array of colours and Adam, the co-owner working at his bench crafting belts. We were warmly greeted by his partner, Fee and given time to browse. Before I knew it, I’d struck up a conversation about my passion for handmade belts and I was hooked. It wasn’t the case of was I going to buy a belt, it was how many!

An orange/tan coloured belt caught my eye and I was about to buy one off the shelf when Adam said that he had a piece of leather with more detailing and  “would I like a belt made from that?”. He took the skin from under a stack and placed in on the shop floor. To my delight and surprise, he crafted my new belt right in front of me and gave me an unlimited choice of buckles to select.

For those like me who analyse customer experience encounters, why was this so special? The answer is that it met three essential ingredients of a great experience: He got the basics right in terms of quality, choice and price; he made it easy – the belt was ready while I waited – but most significantly, he created a strong emotional connection. We all want to be made to feel special and Adam did just that.

Why is this so important for the future of retailing?

On-line shopping can give us great choice, value and make our lives easy but, at least for now, it can’t create that strong and positive connection with us. You can’t smell the leather online and you can’t speak to the craftsman.

In years gone by we’d think, how can we take this exciting retail concept and make it a national brand on every high street? Let’s put those thoughts to one side and just ask ourselves “what can the property industry do to enable more craft businesses like Hip and Waisted to prosper?”

If you’re inspired by Adam and Fee, and excited by the challenge of improving customer experience in your property business, just call me to chat further.

Howard Morgan

Founder, RealService

howard.morgan@real-service.co.uk

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

THE Build To Rent [BTR] industry is ready to embrace an accreditation system which would set standards and protect the sector from rogue operators.

At a virtual roundtable event chaired by RealService founder and managing director Howard Morgan, industry leaders discussed how Build To Rent (BTR) could continue to improve its offering to customers. In summary, the participants agreed it was time to begin an accreditation process which could define a set of standards, be a trusted guide for customers and provide a means of communicating performance to audiences such as investors – while still leaving room in the market for different offerings at different price points.

Attendees observed there was an emerging need. “We are approaching a period of development and maturity in the sector so things which might have seemed impossible three years ago are now within our grasp,” concluded UKAA chief executive Dave Butler.

Accreditation and data transparency

Participants explored whether an accreditation system should involve the release and sharing of underlying data between industry peers. The main conclusion among attendees was that the sharing of data was not an immediate priority – not yet, anyway – but there appeared to be consensus around the need for a set of minimum standards around what customers should expect.


The debate around data sharing centred on trust, the quality of the information and the method of harvesting it.

Katherine Rose, director of BTR & PRS at Navana Property Group, said: “Sharing data is important but I don’t think the industry is ready to do it yet. We’re all still a little precious and also, how accurate is that data? Everyone wants to look good and how truthful are they? I’m not sure everyone will play fairly. But it’s the way to go. We should all pull together and be less precious.”

Opportunities for Market Differentiation

PPP Capital’s Sanjeev Patel, managing director of LuxuryDigs, said: “I do believe there is a need for accreditation but I also believe there is a place in the market for a Premier Inn and a Waldorf.

If you want a Waldorf, fantastic, pay for it

“If you want a Waldorf, fantastic, pay for it. If you want a slightly cheaper product, go to a Holiday Inn or a Premier Inn and pay a bit less. They may be very different but in both you will get a clean room and a comfortable bed. I’m comfortable with everyone signing up to a minimum standard – a high minimum, mind you – then you can pitch your assets wherever you want them to be and marketing and customer expectations can be managed appropriately.”

Creating standards 

“I would draw an analogy with Wimbledon,” said, Howard Morgan.

“People had been hitting a ball around for a long time but had no ability to compare their skills with others until Wimbledon came along and defined a set of rules and how to score. I think there comes a point in an industry’s evolution when someone has to say it’s time to draw up some standards that we all abide by and, although it might not be comfortable for everyone, it seems that we are getting closer to that point.”

The group also heard from Chris Garthwaite, the chief executive of customer experience consultancy CGA, who worked with 26 different rail operators to define a set of common standards.

‘Accreditation builds trust’

Having an accreditation system, he said, would build trust and help re-set expectations.

“Trust is a key differentiator; if you lose trust, you lose loyalty. In a world which is accelerating, becoming more digital but where you have a fragmentation of customers, understanding the emotion and sentiment of your customers will become fundamental to delivering the value of the brand – or the industry – to those audiences.”

There is already an accreditation system in the student accommodation sector and according to Jane Couch, chief operating officer of Fresh Property Group, while this is an extra cost – around £2-3 per student – this extra spend actually helps attract investors.

“Investors are traditionally risk-averse but they know about the accreditation costs up front and it means they know you are a responsible operator who is not going to have problems with negative feedback hitting the press.”

Prospects and next steps

Dave Butler said there was already a UKAA benchmarking group working together to deliver a manifesto around what ‘good’ looks like and he issued a call for anybody who wants to contribute to that debate.
“While I’m not going to die in a ditch over the sharing of data – I think that’s a while down the road – it is hugely important to define ‘good’,” he said.

Read the article on the UKAA website here

Welcome to our series of CX Conversations.

If you are a property company unconvinced as to the value of customer experience, please listen to our series of interviews with key figures from different sectors. We’ll be posting over the coming weeks and our interviewees include:

  • THE CUSTOMER. The head of real estate for PwC speaks stridently about the levels of service and engagement he expects as a major customer and he offers up a future of the office as ‘business theatre’.
  • THE ASSET MANAGER. The head of sustainability, Europe, for a global REIT talks about the importance of retention and reputation as key drivers for revenue.
  • THE LANDLORD. The director of occupier & property services for a major UK landlord explains the value of communicating with customers and how building relationships will serve them well in what are likely to be tough times following the pandemic.
Chris Richmond

1. The customer

This first interview is with Chris Richmond, senior head of real estate for PwC.

We asked him about the services he expects as an occupier, the role of managing agents and their preparedness for post-pandemic office life. Oh, and we also touched on the future of the office itself.

Next time, Kaj Bakker, head of sustainability (Europe) at Cromwell Property Group, will talk about being the middle-man, the asset manager serving two masters – occupiers and investors. It’s understanding occupiers, he says, which will drive retention, reputation and revenue.

RealService, founder & MD, Howard Morgan, has been appointed joint course director for the new CX in Real Estate – Future Leaders Programme launched by Experience Makers and the Bartlett Real Estate Institute .

Experience Makers is the real estate industry champion for customer experience professional training and research. The Bartlett Real Estate Institute (BREI) is part of University College London’s world-class faculty and the focal point for all built-environment professionals to re-think real estate.

The CX in Real Estate – Future Leaders Programme is the first short course of its kind to combine academic research with industry insight to provide a vital understanding of customer experience strategy in property, and the skills to implement it.

This exciting initiative is the culmination of research and consultation carried out by Experience Makers and partners that highlights an alarming gap between current training and the skills required for a fast evolving and increasingly service-driven industry.

The impact of coronavirus has plainly revealed the property industry’s reliance on its customers. The call for new and improved knowledge on how to create attractive and healthy places that respond to customer need has only increased.

Fellow course director Prof. Yolande Barnes, chair of the Bartlett Real Estate Institute, said: “This new short course is an exciting next step in our journey to explore the richness and diversity of the value that real estate generates.

 “The programme sets out to open minds to new ways of thinking about real estate in the Covid-19 era and will equip students with practical tools to put this into action. Our ambition is to foster a new generation of professionals who see real estate not as a commodity, but as means to deliver an outstanding experience to customers.”

The CX in Real Estate – Future Leaders Programme is aimed at ambitious individuals working in all areas of property and its related fields, who recognise that real estate has evolved and who see themselves leading CX programmes at asset, team or business level.

Initially delivered online via eight units over six weeks, the intensive short course provides participants with a rewarding learning experience, equips them with practical tools to take back to their business and offers the chance to be part of a new alumni of property professionals with a customer mindset.

The CX in Real Estate – Future Leaders Programme is supported by Experience Makers members and developed in consultation with an Advisory Group of leading organisations passionate about pushing the industry forward.

These include The Crown Estate, Get Living, MAPP, Savills and Transport for London. Their involvement ensures that the programme is rooted in real-world aims, actions and successes.

Howard Morgan, said: “RealService was founded 20 years ago with the ambition to transform our industry’s approach to customer relationships. RealService is a proud supporter of Experience Makers with it’s mission to champion education and research in customer experience in real estate. I am thrilled to be collaborating with Professor Yolande Barnes and UCL Bartlett, an academic partner that shares our ambition to rethink real estate.

 “I believe that this programme is an international first and am excited to welcome participants from the UK, Europe and the rest of the world.

 

Following the success of the first programmes held in June and November 2021, dates for the 2022 programmes will be announced shortly.

 


 

 

About BREI (+ UCL press office number +44 (0)7747 565 056)

 

The Bartlett Real Estate Institute is a new global institute that is rethinking the traditional view of real estate. We offer MSc programmes, short courses and research opportunities that critically evaluate real estate within its wider societal, economic and environmental context.

 

About Experience Makers www.experiencemakers.com

 

Experience Makers are the real estate industry champions for customer experience professional education and research supported by a network of leading organisations and trailblazing individuals committed to pushing the industry forward.

 

02/08/2021 updated 18 January 2022

IT’S the ski season, or it would be in normal circumstances.

But is your business enjoying a view from the top of the mountain, or in danger of sliding down the icy slopes?

Even in the property industry your customers are your most important assets; treating them well will help with your retention, your reputation and, vitally, your revenue.

So, how well do you know your customers?

Take our fun quiz and let’s see how you’d go on the customer-experience slopes. Are you ready for the black runs? Or stuck in ski school?

 

YES!

5pts

Hmm

3pts

NO!

0pts

Your website and published documents refer to ‘customers’, not ‘tenants’
Your staff refer to your customers as ‘customers’ not ‘tenants’
Your mission statement refers to your customers
You have a senior manager with a customer experience remit
Staff training includes sessions in customer experience
You know what your customers think of you
You regularly survey your customers internally
You regularly have an independent body survey your customers
TOTAL

 

35-40 points

You’re sitting back in the ski lodge, sipping a vin rouge enjoying the view. The Ski Sunday music is playing in the background. Well done! You are very aware of the importance of your customers, they have told you what they need and you are making every effort to meet their expectations. However, you also know that there are icy patches on the run home so you might need our expertise to keep you ahead of the game.

Contact us and we can help you devise a CX strategy which will enable you to make customer experience your point of difference.

 

20-35 points

You’ve mastered the snow-plough and the beginners’ slopes but you have loftier ambitions. You are aware that you need to get closer to your customers but you’re not quite ready to point your skis downhill and go for it. You need a good instructor to get you past the basics.

We can help you move onto the red and black runs with Voice of Customer research and training programmes for your staff. You can trust us to get you down the mountain safely.

 

0-20 points

Oops, you’re in danger of losing your bindings or heading off-piste! You need to get onto the beginners’ slopes as soon as you can and we can help you with our CX starter pack. We can carry out a baseline study of your customers so you know immediately what you are doing well and where you need to improve. This is really vital knowledge, especially in these challenging times.

We are the equivalent of the fabulous ski instructor who made your trip something special. Call us.