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Resident Retention: Five Reasons Why Residents Don’t Renew

Resident retention is a very real issue, and recent events have only made it worse. Residents may fail to renew for a variety of reasons. Some of them are obviously beyond your control, such as relocation for a job or to support their families. However, some resident turnover is caused by factors that you can control, or at least mitigate. Here is all you need to know about resident retention. Plus a guide to five reasons why residents may not decide to renew their lease, and what you might be able to do about each one.

multifamily-and-student-housing

The Power of Texting for Multifamily and Student Housing in Times of Urgency

Building facility managers can use advanced digital technology to harness the power of text messaging for resident communications. By keeping residents engaged and informed, you will be playing your part in keeping them safe and at ease during these tough times. We’ve compiled a few reasons why multifamily and student housing property managers are opting to send out emergency notifications via text.

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5 Ways Property Managers Can Cut Down Costs

The outlook for the rental industry looks challenging, with economic experts predicting things getting worse before they truly stabilize and get better—pushing property managers to look for ways to cut costs. Onsite managers can adjust some of their practices for savings that seem small at first, but add up to a substantial amount of gross margin retained for the company.

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Evolve Past Apartment Flyers

Posting flyers all day isn’t the best use of your property management team’s time or resources. If you’re still using paper flyers to communicate with your residents, here are a few reasons to move forward with the times and implement a digital communications solution.