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Resident Retention

Most every community has some sort of program to engage with their residents through events at the property. But what events really drive retention and a "sense of community"? Are they affecting lease renewals, or do we throw parties just for the sake of throwing parties?

A little something to show your residents you care!!

A little something to show your residents you care!!

Multifamily Insiders recently conducted a survey where we examined resident renewal strategies. Our survey asked responders to answer the following question: “If you had free reign, how would you improve the retention and renewal process?” Below are the actual responses, only slightly edited for readability and some duplication.

Renewing a resident is never as easy as simply asking them to stay. Therefore, we are examining what strategies work best to renew residents year after year. This survey helps find out what your competitors are doing to effectively renew their residents at even higher rents!

Every summer summer season, we inevitably begin discussing apartment parties and resident events. How often are apartment communities throwing events, and what is a typical budget for an event?

Resident's are able to choose from the list upon their renewal. Depending on what type of lease they decide to renew for, determines what is available. Resident's love it.

Multifamily Insiders recently conducted a survey where we examined resident renewal strategies. Our survey asked responders to answer the following question: “If you had free reign, how would you improve the retention and renewal process?” Below are the actual responses, only slightly edited for readability and some duplication.

The entire survey, with industry data on renewal incentive programs, turnover rates and other key renewal trends, visit here: Resident Renewal Survey

Multifamily Insiders recently conducted a survey where we examined resident renewal strategies. Our survey asked responders to answer the following question: “What is your most effective renewal strategy?” Below are the actual responses, only slightly edited for readability and some duplication.

The entire survey, with industry data on renewal incentive programs, turnover rates and other key renewal trends, visit here: Resident Renewal Survey

Renewal flyer with cost to move information.  Print on green paper, as it is related to money.

Door hanger for renewal costs.

One of the biggest mistakes you can make when throwing a party for your residents is to not have a good plan! So use this checklist to help plan your event and get the most value! Created by ResidentEvents.com.

One of the biggest mistakes you can make when throwing a party for your residents is to not have a good plan! So use this checklist to help plan your event and get the most value! Created by http://www.residentevents.com