10 Ways To Reduce Tenant Turnover

  1. Promote Community With Residents – Special Events, Holiday Parties, Holiday Door Decoration
  2. Stay Up To Date With Market Rents and Vacancy – Survey Similar Properties, Subscribe to Brokerage Market Reports
  3. Keep Up With Common Area and Interior Maintenance – We Recommend 2-4 Cleanings  Per Month for Common Areas and Immediate Satisfaction of Interior Maintenance Requests
  4. Market Vacancies Effectively – Accurate Apartment Descriptions and Community Policies, Updated Professional Photos of Apartment and Community
  5. Invest In Property Technology and Security – Tenant Dashboard For Rent and Notifications, Face Recognition Access, Security Cameras
  6. Be Strategic When Raising Rents – Consider Season, Understand Current Market Conditions
  7. Thoroughly Screen Prospective Rents – Background Checks, Credit Checks, Paystubs, Referrals
  8. Regularly Communicate With Tenants – In-person, Newsletters, Emails
  9. Offer Tenants Incentives – Referral Bonuses, Schedule Upgrade, Offer Gift
  10. Conduct Exit Interviews – Understand Reason For Leaving, Ask For Referrals