The proven method of obtaining a solid forecast of renewals is to gauge your tenants’ happiness and satisfaction with their rental. How does one do this? One way to assess resident satisfaction is to observe their level of home improvement. If your resident is taking care of the unit in the same way an owner would, they are demonstrating strong ownership and are likely to renew. Once, I had a resident repaint the whole house! While taken aback at first, I knew this meant she would be renewing! The more ownership the resident takes over their rental, the more vested they are. This is good for both the tenant and the landlord and creates a great rental experience.
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Rodney Robinson II