Topic: Creative renewal incentives that aren’t obvious or cheesy to offer?

Creative renewal incentives that aren’t obvious or cheesy to offer?

Nest thermostats or Ring doorbells, residents like them and it will bring value to the property.

Touch faucet

Carpet cleaning and deep clean of appliances, vents and AC units

USB outlets in the kitchen and bedrooms. You can do 3 or 4 for the price of a carpet clean.

Dimmer switches! Updated energy efficient lighting. Curved shower rods.

Ceiling fan?

Free Hulu, Netflix for a year..it's under $200 . I am also fond of upgrades that ad value to the unit.

Ring Doorbell, Accent Wall

Gooseneck faucet, faucet with sprayer, icemaker, ceiling fan, assigned parking for long term 5 year resident +, screens for windows or sliders,

If you don't have it crown molding or even chair rails are a frugal way for an upgrade and adds ton of charm and some value to the unit. Or have them choose from a list of what you can offer

I would offer paint shampoo when carpet was a thing lol new flooring ceiling fans new blinds appliances or new carpet if applicable

Renewal monthly parties are fun in an active community. You can have a “private” party for everyone who expires that month. It doesn’t have to be fancy but make it just about “March” renewals. At that time you can ask for feedback on what your residents think are cool incentives. You would be surprised of how inexpensive their recommendations may be.

I've always loved the allowance idea; we do pre-renewal inspections of all apartments, that is a great time to discuss.... "if we offered you $200 of updates/upgrades, what would you choose?" (and be ready with some pre-approved options, since you don't want every apartment looking completely different....) - but smaller fixtures, accent walls, kitchen tile, bathroom tile, new mirror, etc., anything small but impactful would be good. Does take some org and follow-through. Good luck!

Renewal pizza party

when people renew, I offer car washes. a package of 10 good for the year at my local place. well worth it. and people love it.