by Rebecca Cline | Mar 15, 2023 | Resident Retention
Key takeaways A rental concession is an agreement to reduce the price of rent or fees as an incentive for residents to sign or renew leases. Examples of rent concessions include a free month of rent, prorated rent, reduced security deposits, and free amenities. Pros... Read More
by Tiara Sutton | Mar 10, 2023 | Resident Retention
Key takeaways Resident events boost resident retention, build stronger relationships with tenants, empower you to collect valuable feedback, and find new prospects. Promote spring resident events by posting them on your apartment’s community bulletin board, on social... Read More
by Katie Kistler | Mar 7, 2023 | Resident Retention
So, you’ve established yourself as a great property manager. Your residents pay rent on time, resident disputes are rare, and your maintenance team is efficient and effective. But you still struggle with resident retention — why? One reason may be a lack of... Read More
by Tiara Sutton | Feb 27, 2023 | Resident Retention
Key takeaways Lease renewal fees are a type of property management fee that building owners pay to property managers when a tenant’s lease is renewed. Rent renewal fees are calculated by taking either a percentage of the rent amount or charging a flat rate for renewed... Read More
by Tiara Sutton | Jan 27, 2023 | Resident Retention
Key takeaways: Developing fun winter resident event ideas and hosting seasonal parties is a great way to boost resident retention and build strong relationships with long-term tenants. Resident engagement leads to more lease renewals and resident referrals and helps... Read More
by Rebecca Cline | Jan 13, 2023 | Resident Retention
Key takeaways Tenant retention rates are an important measurement in real estate and property management. Tenant retention is important because it saves money and indicates that your property management is effective. The five keys to tenant retention are boosting... Read More