Resident retention in the real estate industry is a critical part to an investor’s success.  Several factors go into the cost of acquiring residents, marketing, and make ready costs. There is also lost revenue from vacant units, making it a key part of your ROI. We put some tips together to help you retain your residents.

A key factor in a resident staying is they feel they belong to a community. Their apartment should be more than a place to sleep and eat.

These tips are just some basic ideas we hope can help you retain your residents, with the bottom line being to make your tenants feel appreciated, after all, if it wasn’t for them, you wouldn’t have an investment.   It can also be really helpful to sit down with your team to discuss their ideas and how you will implement them, or what they would like to see as well.