by Sarah Kim | Jun 16, 2021 | Resident Retention
Every property manager wants to retain as many residents as possible to maximize the property’s NOI. And offering resident events is one way to help boost retention. Multifamily resident events help promote a sense of community within your building – and... Read More
by Johanna Gruber | Jun 10, 2021 | Resident Retention
As a property manager, you know it costs more to sign a new lease than to renew an existing one. Resident turnover is not only expensive but also significantly impacts your building’s NOI. One of the best ways to retain tenants and prevent turnover is to... Read More
by Johanna Gruber | Jan 14, 2021 | Resident Retention
Key takeaways: As a property manager or owner, you know that retaining residents directly translates to money earned and saves. A large focus on resident satisfaction will result in higher resident retention. Easy ways you can boost resident retention include... Read More
by Johanna Gruber | Oct 21, 2020 | Resident Retention
A year for the books, 2020 dramatically reshaped the real estate landscape — especially multifamily housing. COVID-19 introduced social distancing, new security concerns, and a push for contactless entry solutions. As a result, renters’ priorities shifted.Now,... Read More
by Bryson Hile | May 20, 2019 | Resident Experience, Resident Retention
Unfortunately, according to the National Center for Housing Management, half of renters turn over their lease within one year. Turnover expenses can easily range from $1,000 to $3,000, averaging $1,500 per apartment unit. But the good news is that nearly 60% of... Read More