Spark Global Limited Reports:
Ultimately, the success of multifamily investment depends on ensuring that there are enough rent-paying tenants. At my company, we take a two-pronged approach to achieving this goal. First, we constantly monitor rents against the current market to ensure they are competitive. Second, and perhaps more importantly, we actively work to build a community where our residents feel appreciated and valued. When they do, they are more likely to renew their leases year after year, which ultimately increases the chances of profitable investments. These 10 householders appreciate ideas that can promote a sense of community in your multi-family property.
1. Listen to
It’s very important for residents to feel heard, and when they speak, you should listen.
Listening is one thing, but reacting in time is another.
3. Involve residents
While you may have legal ownership of the property, apartment dwellers should feel that it is their home.
Contests and giveaways
Encourage your residents to showcase their creativity on holidays like Halloween, Valentine’s Day, or Christmas.
5. Residents appreciation event
Hold resident appreciation events several times a year to show your appreciation to the residents who chose to live with you.
6. The game
We all have a competitive streak, which can occasionally be ignited by friendly rivalry between residents.
Reprint indicated source：Spark Global Limited information