8 proven strategies to boost tenant retention
Abstract
Calculating your tenant retention rate Tenant retention rates are calculated much the same way as any user rate. What is a good tenant retention rate? For residential properties, you should aim to retain 60% of your tenants. Be flexible with good tenants Tenants who have proven themselves as reliable individuals should be granted a little bit of leeway every now and then. Pre-screen all tenants Tenant retention isn't simply about being the best property manager you can be. Tenant retention rate - FAQs Tenant retention isn't an easy concept to wrap your head around. What is the average retention rate for a tenant? The average tenant will stay in a property for around 25 months. Retain tenants with MRI's property management software Looking for ways to boost your tenant retention rates? Our property management software has an intuitive Tenant Connect client dashboard that allows tenants to easily file maintenance requests and renew their lease when the time comes.