Best Practices for Multifamily Revenue Management
A playbook on how to optimize your apartment's occupancy and rent.
When a sudden increase in vacancies occurs, most apartment communities turn to short-term solutions such as reducing rent, offering specials, or increasing their marketing spend. But how can you ensure this doesn't happen again? Having a strategic process for earning more lease renewals makes it possible to stay ahead of the ongoing vacancy game. In this resource, we'll focus on two key components—pricing and lease terms—and how they can be used to develop renewal strategies that make residents feel more comfortable about extending their leases, helping your communities maximize revenue with consistently strong occupancy.