How To Increase Renewal Rates

 

Tenant turnover expenses can quickly add up beyond the time investment required to fill a...

Read More
Multifamily Apartment Marketing: What is the Value of a Single Lease Renewal?

Whether you operate a shoe shine stand or a multifamily property your business is built on...

Read More
Are You Missing Out On New Leases?

Many people believe that property management is an old-line business that moves slowly.  If you...

Read More
Give Your New Resident Incentives While Moving

It seems like everywhere I look I see advice on how to get residents into your property and how...

Read More

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July 12, 2016

How To Increase Renewal Rates

 

Tenant turnover expenses can quickly add up beyond the time investment required to fill a vacant property.

Multifamily Executive reported last year that renewal rates have hit an all time high with 51.5% of the nation’s apartment renters choosing to renew their leases in August 2015.  This number reflects a historic high, despite rising rental rates and large levels of new supply.

Nationally high renewal rates is great news for property managers who understand the expenses associated with tenant turnover. The cleaning costs, repairs, and lost income from the turnover period can cause a...

July 06, 2016

Multifamily Apartment Marketing: What is the Value of a Single Lease Renewal?

Whether you operate a shoe shine stand or a multifamily property your business is built on renewals, or re-occurring income from existing customers.  In multifamily, a high percentage renewal rate...

May 12, 2015

Are You Missing Out On New Leases?

Many people believe that property management is an old-line business that moves slowly.  If you believe that then your team is already half a mile behind in a one mile race.  In other words; you are...

September 06, 2012

Give Your New Resident Incentives While Moving

It seems like everywhere I look I see advice on how to get residents into your property and how to keep them there. What I don't see is articles about how to make an impact on your resident right...