Reply: What do you guys consider a healthy rate of lease renewals each month?

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Allen Suslow

We look for 80%.
Averaging 86% for the first 5 month's of 2018

Posted 5 years 11 months ago

Carl Dean

There doesn't seem like much you can do about a job transfer. We are also in a thriving market and our business model is a light value add where 50% renewals seem sufficient while trying to take advantage of unit upgrades.

Posted 5 years 11 months ago