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…
There is significant value in being able to retain residents. If you are above average in retaining your residents, your management company will have less costs associated with marketing vacancies, screening new prospective tenants, performing make readies, and more. Having…