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Property Management – Sherman Oaks – Resident Retention

SHERMAN OAKS PROPERTY MANAGEMENT

4 Tips for Leveraging Property Maintenance to Improve Resident Retention:

GOOD ADVICE FOR PROPERTY OWNERS AND PROPERTY MANAGERS

In the 2012 SatisFacts Research-published ebook, Getting Inside the Head of the Online Renter, it was revealed that the highest ranking factor for an apartment resident’s lease renewal decision was “Quality of Maintenance Service Provided.”

Believe it or not, the service your maintenance team provides to your residents is more important to resident retention than perks and parties, the appearance and condition of their apartment home, and even the desire for more parking.

Knowing that maintenance teams play such a critical, yet often overlooked role in the lease renewal process, here are four tips that successful property management teams can apply to leverage this important asset and improve resident retention:

1. Identify Common Maintenance Service Requests

As an entire team, sit together and identify the 10 most common service requests at your community. For each of those 10, identify if there is a troubleshooting tip the office can suggest to the resident to see if they can resolve it on their own (i.e., reset button on garbage disposal or outlet), and define five key questions the maintenance team would like you to ask regarding that service request to get the best detail possible.

2. Follow Up on Every Maintenance Service Request

Follow-up on every completed service request, whether by phone, email, or follow-up survey. Be sure to ask, “Did we complete everything to your expectation?” and “Is there anything else we can do for you?”

3. Introduce Maintenance Service Team Members by Name

During tours, if you see a maintenance team member, introduce them by name to the prospect and give some highlights about them such as, “Joe’s been taking care of this community for nine years now” or “Jackie and her team are usually able to resolve any service request within 24 hours.”

4. Nurture Communication between Maintenance and Office Teams

Nurture constant communication between the maintenance team and the property management team. The better the communication and respect within the entire team, the more comfortable and secure the residents feel about the service they are receiving. There’s not room here for Us vs. Them. We’re all on the same team!

While there are some maintenance team members who feel more comfortable working behind the scenes and just taking care of their service requests, the fact of the matter is that their work and resident relationships are the cornerstone of any property’s success. And it’s probably no surprise that residents know almost ALL of your maintenance team members’ names.

Celebrate their impact on resident retention and leverage their importance at every opportunity.

By Jen Piccotti

Since 1946 the Carnahan name has had a reputation for honest and ethical Real Estate Property Management services in the San Fernando Valley, Santa Clarita Valley, Burbank/Glendale, Los Angeles, Westside and Conejo Valley areas.

The reason for our success is helping owners like you when they need it. Below is a partial list of property management services we provide to help you protect your real estate investment.