AREI 127 (S3E10): Takeaways From The GoBundance Asset Management Workshop - Part 1

The Adventures of a Real Estate Investor

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!

Tweetable 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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👉 Part 2 : 👉 https://www.buzzsprout.com/1777264/14968553

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