AREI 127: Takeaways From The GoBundance Asset Management Workshop - Part 1
Welcome adventurous family!
In this episode of the Adventures of a Real Estate Investor podcast, we discuss some key takeaways from the GoBundance Asset Management workshop. Tune in as we share tips on How to Never Lose a Resident Again, how to improve communication with residents, and fill vacancies quickly. Come join us and listen in and unlock the full potential of your multifamily assets!
Key Points:
1: The Resident Retention Secret
Key Point: Resident retention starts with focusing on the resident experience from day one.
2: Communication is Key
Key Point: Regular communication with residents through surveys and resident events helps you identify and address their concerns.
3: Making It Easier to Be a Resident
Key Point: Offering convenient amenities like free laundry and eliminating initial pet deposits can make your property more attractive.
4: Scarcity and Speed: Filling Your Units Faster
Key Point: Holding open houses and encouraging immediate applications can create a sense of urgency and increase your chances of filling vacancies quickly.
5: The Upsell: Encouraging Residents to Upgrade
Key Point: Showing potential residents upgraded units can incentivize them to choose a more expensive option.
Myth to Bust: Is Asking for help means you don't know what you're doing especially in asset management?
Adventurous Family Call to Action:
Calling all seasoned asset managers to reach out to us!
Listen to Part 2 of this series for even more resident retention strategies!
Memorable Quotes:
" It's wonderful to have the confidence to know that you can ask a question. And someone might not know the answer either, but they might be able to get you to a person who does."
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