Why You Should Have Virtual Options for Resident Events
Virtual options are a must-have for just about everything from shopping to doing business online, and the same can be said about resident experiences. Let’s start with a convenient option – grab-and-go events. These events allow for residents to participate on their own timeframes.
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Apartment Resident Retention
Multifamily communities need to do everything to keep their occupancy rate as high as possible. Even though this means attracting new residents, it also means hanging on to current residents. That is where apartment resident retention is critical. If you look at apartments for lease near me, you will see lots of apartment building marketing campaigns focusing on resident retention. Understanding what this means and why it is so important is important.
Resident retention refers to keeping current residents in the building by convincing them to sign a new lease when the original lease is up. It can be a significant challenge to convince residents to stick around, particularly because rent goes up over time. Furthermore, residents’ needs might change. For example, they might need more space, change jobs, and be looking for something new. Therefore, multifamily communities and property managers need to do everything to convince their residents to stick around even after the lease is up. One of the most effective ways is to use video tools.
Multifamily communities and property managers need to generate a strong, real, raw, and transparent connection with their residents if they want them to stick around at the end of the lease. It is also important for property managers to get residents to generate strong connections. That way, they will be less likely to leave those relationships behind. There are several critical ideas that property managers need to consider. By focusing on resident retention, property managers can keep their occupancy rates as high as possible, generating a strong revenue stream. Learn more about some of the top ways to convince residents to stay.
Resident Retention Gifts
There are many ways to increase your retention rate, and one of the ways to do that is to use resident retention gifts.
Property managers need to show their appreciation for residents from time to time. When residents feel valued, they will be more likely to sign another lease.
There are plenty of retention gifts that apartment communities should consider. For example, multifamily communities might want to partner with local establishments to provide gift cards for their residents. Everyone likes to receive a surprise in the mailbox, and it is even better if a gift card shows up. Property managers may want to reach out to some local businesses to see if they are willing to provide gift cards.
There are plenty of other resident retention gifts to provide as well. For example, property managers might want to consider holding a cookout around the pool. Everyone likes free food, and this could be a way to strengthen relationships among the residents.
At the same time, it can be challenging to hold a physical event in the current environment. Therefore, it is good for property managers to look at resident event ideas for apartment communities that might not require getting together in person. There are plenty of virtual resident events that could be successful as well. If property managers brainstorm virtual event ideas, they could generate a strong connection with their residents while keeping everybody safe.
Ultimately, property managers need to get creative if they would like to develop a strong connection with their residents. Even though it might take some work, this can dramatically increase the resident retention rate. This is crucial for maximizing the occupancy rate and generating a consistent revenue stream.
Resident Retention Ideas
It is important for property managers to think about their specific communities, what their residents might like, and how they can put their best foot forward.
When taking a look at resident retention ideas, there are plenty of directions to go. It is critical to think about resident retention ideas about resident food events. Everybody likes free food, so consider having a catering event in the lobby or near the pool. Of course, it is still important for property managers to keep everyone safe. Therefore, it might be good to look at a grab-and-go event that involves some free food.
There are lots of other ways to convince residents to stick around. For example, it might be a good idea to partner with local animal shelters. Everybody loves animals, and people might like to pet a dog or a cat as they are walking in or out of the building. Most residents will appreciate it if their property managers go the extra mile to hold this event. This could be a great way to get residents to stick around.
Finally, it is also important to take advantage of video technology. For example, there are platforms such as Realync which make it easier for property managers to hold a virtual event. This platform only requires an application and a camera. Then, property managers can invite lots of people to attend a virtual event. With plenty of resident retention ideas, property managers can increase resident engagement. It is a good idea to use virtual leasing software to generate strong connections with current residents. This could increase the retention rate.
Multifamily Resident Events
When taking a look at multifamily resident ideas for an apartment complex, there are lots of options available. Ultimately, property managers need to think about how they can get as many people involved as possible while still keeping everybody safe. Remember that everyone comes from a slightly different background, and people will feel differently about certain events. Therefore, it might be a good idea to have multiple options available.
Property managers need to think about what happens during the holidays. A lot of people have time off from work, so this is one of the top ways to get people involved. For example, it might be a good idea to have an Easter egg hunt during Easter. Or, it might be prudent to have a Halloween party that involves pumpkin carving. When people feel like they are a part of the community, they will be more likely to stick around and sign a new lease.
Remember that not all of these multifamily events have to be done in person. There are plenty of ways to get people involved from the safety of their apartment units. For example, by getting people to interact with each other using video conferencing software, it is possible for property managers to develop strong relationships with their residents even if people cannot physically gather. Property managers need to find a way to get creative with multifamily resident events.
Resident Engagement Ideas
When taking a look at resident engagement ideas, there are plenty of options available. As an example, property managers may want to head over to Pinterest to take a look at some of the ideas that are displayed. There are plenty of apartment community event calendar examples that can help property managers develop a long list of ideas that can keep their residents involved.
In an effort to keep everybody safe, it might be a good idea to have some grab-and-go resident event ideas. For example, the apartment building may want to have a tray of cookies near the door. That way, people can simply grab one before they walk out. Or, property managers may want to have some games available by the front door. This is another way to encourage residents to interact with one another and develop strong relationships that could convince them to stay.
Keep in mind that not all events have to be handled in person. There are plenty of opportunities to get the most out of virtual events as well. With access to a comprehensive video platform such as Realync, it is possible for property managers to develop strong relationships with their residents without having to hold an event in person. This can go a long way toward convincing people to stay even after the lease has expired.
Virtual Leasing
Ultimately, video conferencing technology has come a long way, and it is important for property managers to get the most out of it. With plenty of virtual leasing opportunities available, it is important for property managers to expand the impact of video conferencing technology. One of the best ways to do that is by holding virtual events in multifamily communities. With high-quality video feeds, it is possible for property managers to develop the strong relationship they need with their residents to convince them to stay.
Property managers need to get creative. If people feel like they are appreciated, they’ll be more likely to stick around. This could be something as simple as leaving a gift in someone’s mailbox. Or, it could involve hosting a virtual party. Parties are also important because they create an opportunity for residents to get to know each other. If residents feel like they are a part of the community, they will be more likely to sign a new lease when the contract is up.
Property managers need to put themselves in the best position possible to be successful by investing in the right virtually same technology. One of the top platforms available is Realync. Property managers do not need to worry about hiring a technology professional to help them with this application. It is possible to generate amazing videos using nothing but a mobile application and the camera on the front of the phone.
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Speed Up Lease Up
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PRE-LEASE OCCUPIED UNITS
by ‘showing’ them without having to physically tour the space by sending pre-recorded videos.
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CONVERT A HIGHER PERCENTAGE OF YOUR LEADS INTO LEASES
when you receive notifications when prospects are viewing videos to cater your follow up.
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SPEND LESS TIME TO CLOSE EACH LEASE
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INCREASE SIGHT-UNSEEN LEASING
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Improve Community Engagement
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PROMOTE YOUR PROGRAMS BETTER
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DECREASE MAINTENANCE REQUESTS
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REINFORCE COMMUNITY RULES
by receiving notifications when residents are viewing videos to know who has seen a message and who hasn’t.
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REDUCE REPETITIVE QUESTIONS
because consumers retain 10% of a message when reading it via text, but 90% of a message when viewed in a video.
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Virtual Training
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TRACK ENGAGEMENT And Usage
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