5 surprising trends about multifamily unit turnover
Learn how top multifamily operators combat unit turnover and find out five surprising ways to increase resident retention.
Apartment unit turnover can dramatically impact NOI at multifamily communities. But companies that prioritize the resident experience typically enjoy better retention rates. That’s because renters’ priorities have evolved – and they are more inclined to stay in communities that deliver a pleasant living experience.
Residents once prized amenities, like pools or gyms, but now they heavily value convenience, connections, and meaningful living experiences. In other words, resident renewals are often determined by how a community makes residents feel.
Interested in learning more about renter retention and the resident experience? Our blog at www.gozego.com is full of property management resources to boost operations at your multifamily community!