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Topic: Cap rental increase

Mackenzie Vaughn's Avatar Topic Author
Mackenzie Vaughn
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Does anyone do any type of cap on rental increases for residents who have stayed for X amount of time? If so let me know my management is open to this and i dont know what most places do

-Michigan!
Posted 5 years 6 months ago
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Matt Clark's Avatar
Matt Clark
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Mackenzie,

We don't cap rental increases based on length of residency. Our renewal pricing is all based on market conditions, although we keep renewals just slightly below the market rate. That way we can assure renewing residents that they are receiving a discount, and it helps keep turnover costs down.
Posted 5 years 6 months ago
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Resident Retention
Cap rental increase