Leasing Centralization
Podcast Summary - In this Podcast Summary we review an episode of Apartments on the Go, featuring Todd Katler. Todd is the founder of Anyone Home, a multifamily leasing CRM and Marketing system.
Resident Retention Strategies for Multifamily Communities
Tenant retention is a critical aspect of the multifamily apartment industry, as it helps maintain stable occupancy rates and minimize costs associated with turnover and vacancy. By retaining existing tenants, property management companies can improve the overall performance of their properties and create a positive reputation in the community.
Multifamily Apartment Turnover Rates Continue to Fall
A recent report by CBRE reveals that the turnover rate for multifamily housing has dropped to 47.5%, the lowest level in two decades. Data from RealPage shows a decline of 80 basis points, supported by evidence from six major real estate investment trusts (REITs): Major REITs Reporting Lower Turnover Rates: AvalonBay, Camden, Equity Residential (EQR), MAA, and UDR reported a lower turnover rate in Q1 2019 compared to 2018, with an annual average drop of 2% to 42%.