Meet Larissa Laiti, Captivate's real estate expert and former property manager. In her blog post, she gives property management tips on how to reach goals, while being able to focus on tenant relationships… at the same time.
Lease renewal rates among renters have been climbing steadily since 2010, according to data from real estate analytics company RealPage, with renewals hitting all-time highs in 2020 amid COVID-fueled lockdowns. With new leads slowing, renewing existing leases going forward has become more important than ever. We’ve found a few creative ways to keep residents happy and boost renewal rates.
While the trend to expand residential amenities in response to growing Millennial expectations was already on the rise, COVID-19 accelerated the pace drastically. While stuck at home, people want their home to be more than just living quarters, and this expectation is likely to outlive the pandemic.