By reducing or eliminating rental increases, landlords can almost entirely remove the risk that residents will seek out new accommodations. And value-add amenities can help to build a sense of community and even provide additional revenue streams.
Tenants today still expect to see some return on investment as their rent goes up every year. That’s why the smartest tenant retention strategies don’t just make them happy; they boost the value of your property over the years.
Often, landlords who want to improve their apartment curb appeal should get an outside perspective so they can look at their space through fresh eyes. Overgrown landscaping or peeling paint may have been something they never even noticed otherwise.
