Turn retention into revenue.
Save on turnover, stabilize your cash flow, and build lasting community value.
Resident retention matters.
Resident retention plays a crucial role in a property's overall performance. By understanding the resident life cycle and emphasizing the importance of retention, property managers can benefit from higher occupancy rates, lower turnover costs, positive reputation, and improved net operating income (NOI).
-
Savings
It’s 5X cheaper to retain vs. acquire a resident.
-
Turnover costs
Between marketing, staffing, and maintenance upgrades, turnovers can cost $1k-$5k+ per unit.
-
Occupancy
Stable occupancy means no vacancy loss and consistent cash flow.
-
Resident satisfaction
Satisfied residents lead to positive referrals.
What we do
We take a 360-degree view of your property and evaluate everything.
From the first contact you have with a prospect to the last communication when a long-time resident leaves, we analyze and evaluate all aspects of the renter journey with you.
1. Evaluation
We provide key insight into strengths and areas of opportunity.
2. Strategy
We create a step-by-step action plan to improve resident retention.
3. Activation
We work with you to quickly implement impactful changes.
4. Ongoing support
We partner with you to ensure long-term resident retention.
Why Renewal Boost?
With over 20 years of experience with top owners, operators, and vendors in multifamily, we know what it takes to build a positive experience that keeps residents renewing their lease again and again.
✔ 20+ years of executive-level experience
✔ Proven track record in retention growth
✔ Custom strategies tailored to each property
Start boosting renewals today
Ready to take occupancy to the next level? Fill out the form to get started.