Easy Lease Renewals Rental property industry surveys have shown that attracting and retaining high quality renters is one of the top challenges among landlords and property managers. Tenant churn is likely to increase due to the eroding economic outlook, rising interest rates, rising unemployment, high cost of rent and cost of living challenges. And there…
Tenant Experience Strategy for Landlords It's a basic business fact in the landlord industry that turnover hurts profitability. When tenants don't renew their leases, it launches a negative process that increases workload, cleaning and repair costs, and vacancy listing advertising expenses. Is there a problem with the tenant experience today that causes higher turnover? What…
Rental Unit Turnover and Tenant Churn Now in 2022, we're seeing higher rental apartment and house rental churn rates because people are moving for new employment, lower rents, and making other post pandemic adjustments. Property managers might feel powerless to reduce that occurrence and control the losses for landlord owners. Having to renovate and remodel…
Humanizing Property Management In recent posts we answered the questions, what do tenants want and also about what makes tenants happy. These are 2 extremely important questions. What questions have you asked as part of your business health checkup? There's one more key question: how do you personalize your relationship with tenants in the era…
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