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Reducing resident turnover
for your property is a combination of different factors that begin
with the basic rules of good customer service. Landlords must
cultivate, within themselves and their staff, a set of behaviors
carried out during communications with residents that demonstrate
their appreciation. Landlords must consistently exceed their
residents’ expectations day in and day out. Residents need to
notice that the staff is committed to: A- addressing their wants
and needs and B-showing concern for them as valued customers.
Below are a few methods that can assist in reducing resident
turnover. A successful plan employs many different nuances that are
as obvious as a neon sign and as subtle as a
smile.

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Thank you for moving
in…welcome wagon- Human nature values the experience of the first
impression. When a person experiences a pleasant move-in, chances
are that this initial experience will weigh heavily in future
interaction. Many landlords give chocolates, cookies, flowers or
other small gifts of appreciation.
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Holiday best
wishes-Holidays are points in our calendar that people associate
with appreciation of certain events. They are days of
leisure time away
from work devoted to rest or pleasure. People associate these
days with a common good will and shared positive reception.
Acknowledging and celebrating these days by property managers
serve to reinforce the quality of their rental as being a
home. This association creates the sense of community, which
aids in creating a kinship among
resident.
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Parties- For larger
communities, throwing parties are great way to inspire community
with residents and foster the atmosphere
for building solid staff-resident relationships. These
events are effective because residents can forge new friendships from the
social interaction. Parties can also be a great way to encourage
new resident referrals. Usually, the best parties take good
planning to ensure that they don’t conflict with other events and
residents’ schedules. They can either be thrown onsite or at a
restaurant or nightclub. Good parties include
entertainment, prizes and food, all of which attract residents and
staff. Residents
should be formally invited with a written invitation followed by an
email. Signs and mentions on the newsletter and website should
be constant to remind and promote the party. Staff, vendors and
residents should be encouraged to bring friends to increase
attendance.
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Arrange for discounts
from businesses. Many landlords arrange for discounts and coupons
for their residents from local merchants and businesses. These
businesses also have a vested interest in keeping the resident in
the community. They also want to create shopping habits and are
eager in assisting landlords with their resident retention
programs. These coupons can be printed out or delivered via the
website.
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Internet access: Many
landlords are beginning to offer free Internet for their residents.
This extra amenity increases communication and is used quite often.
Many landlords can ask that the resident set their homepage to the
property’s website.
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Remember names: A
simple, inexpensive and effective way to keep your residents is to
simply remember their names. This lets a resident know that you
value them. When you meet
a new resident, say his or her name to yourself again. If you have
forgotten it, talk to the person again and ask for the name. Write
down the new name three times while picturing the person's face; do
this as soon as possible after move in. Writing down new names is
generally a very successful memorizing technique that doesn't
require a lot of work. To help memory, check out a book about
employing mnemonic strategies.
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Monthly drawing for a gift:
many landlords conduct a monthly drawing for a gift as another form
of appreciation. Some gift ideas include flowers, fruit baskets,
dinner for two or movie passes. Many use the website to
convey the drawing information. This encourages website use and
sense of community.
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Free use of office fax
machine: This is a simple amenity that facilitates the lives of
residents. This convenience is inexpensive and is much
appreciated.
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Birthday present and
card. Everybody always appreciates someone remembering his or her
birthday. Nothing cements
a relationship like paying attention to the little personal details
like a birthday.
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Thrift or Garage sales-this
is also an event for larger communities. This event is also used to
forge friendships and promote goodwill among residents. This kind
of event helps people get rid of some of their clutter but is great
for socializing.

If a landlord is experiencing a high
turnover and is willing to develop a resident retention plan,
patience must be the first quality to cultivate. While change does
not happen quickly, attention to the details of the needs and wants
of residents has the potential to increase
retention.
Landlords must focus on providing comfortable, affordable,
and residential communities where the personal growth of
residents are encouraged and supported. Following simple
rules of good customer service and promoting good will are
the first steps to a winning
formula. |