The document outlines strategies for improving tenant retention through better customer service. It discusses the importance of making a positive first impression, resolving complaints promptly and proactively addressing common issues. It also emphasizes the need for transparent communication with tenants and owners as well as conducting resident surveys to gather feedback and make upgrades. Maintaining open communication during maintenance projects is also key to minimizing disruptions. The overall message is that strong relationships with residents and owners built on trust, empathy and responsiveness are essential for business success.
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Tenant Retention Strategy
The document outlines strategies for improving tenant retention through better customer service. It discusses the importance of making a positive first impression, resolving complaints promptly and proactively addressing common issues. It also emphasizes the need for transparent communication with tenants and owners as well as conducting resident surveys to gather feedback and make upgrades. Maintaining open communication during maintenance projects is also key to minimizing disruptions. The overall message is that strong relationships with residents and owners built on trust, empathy and responsiveness are essential for business success.
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BIIL Tenant Retention Strategy for Improving Customer Care
1. Make Positive First Impressions
Customer service begins even before your first in-person interaction with prospective residents. Once the appointment is booked, be timely and attentive. When you’re training employees, make sure they understand what makes for a great customer interaction. Give employees permission to put the customer first and give prospective residents and owners their undivided attention. That means they’re showing genuine interest in the prospect, asking the right questions, and keeping their cell phones on silent. When it’s time for residents to sign the lease, make sure the application and screening processes are completely streamlined 2. Resolve Resident Complaints Great relationships don’t happen overnight. It takes time and skill to build strong business relationships, and the most successful property managers also use soft skills, like empathy and communication, to navigate tricky situations. When complaints roll in, how you respond is just as important as the actions you take. How quickly did you get back to the resident? Did you use positive language, or were you defensive? What can you do to prevent the same situation from happening again? You already know it’s important to respond to all resident complaints, but great customer service in property management is about being proactive. You know the ins and outs of your business better than anyone— sit down and make a list of the most common resident concerns. From parking problems to noisy neighbours, how can you proactively address those concerns before they become a problem? What systems can you create around the concern to address it as quickly as possible? For those situations you can’t anticipate, use them as a teaching moment to be more prepared in the future. Responsiveness shows respect and courtesy: two pillars of great customer service. One of the reasons why customer service matters is that it shows residents and owners that you care about them. When emails and requests go unanswered, your customers might feel like an afterthought. Even if you don’t have the information they need right away, let them know you’ve received their message and when they can expect to hear from you next. We know what you’re thinking: you have tons of residents, and they send requests at all hours of the night. You need your sleep too, so set up a friendly automated response for after-hours messages with your business hours and who they can contact for urgent matters. If your inbox is buried with maintenance requests, it might be time to invest in property management software with a resident site. With a site, residents can submit maintenance requests with photos and get status updates from you and the repair person. Maintenance request tracking helps you stay on top of service and keeps residents in the loop on what to expect and when. 3. Communicate Transparently with Rental Owners What matters most to your rental owners? In short, they just want you to treat them like a human—a ‘one-size-fits-all’ approach to client relationships just won’t work anymore. You can build strong relationships with owners by focusing on transparent, personalized communication that gives them the information they need for what they care about most. Can your owners view financial transactions and important documents whenever they need them? Do they have access to up-to-date details about their properties? Owner portals can help facilitate clear, consistent communication with owners, without taking up too much of your time. Sustainable owner relationships are built on trust and transparency, so it’s important to stay in touch with each and every client. Be proactive and make information available to owners before they even ask for it. Plus, a healthy dose of operational transparency gives owners a window into how hard you’re working to maximize profits and value for them, which helps strengthen the relationship.
4. Conduct Resident Surveys
We get it: feedback is scary. From online reviews run rampant to disgruntled residents, property managers often deal with the not-so-pretty side of feedback. But when you ask for feedback before there’s a problem, you can take back control of the feedback loop. One of the qualities of excellent customer service is constant attention, and asking for residents’ opinions and feedback shows you genuinely care. Use online tools like SurveyMonkey or post a bulletin on your resident site to solicit their feedback. Not getting much participation? You might not be asking the right questions. Try using a feedback mechanism like the ‘start, stop, continue’ technique to find out what you should start doing, stop doing, and continue doing. Creating a consistent feedback loop will keep you dialled into your residents’ needs and help you identify issues before they become a problem.
Investing in technology upgrades should always be looked at through the
lens to improve the resident experience. 5. Make Cost-Effective Upgrades Chances are that your resident survey brought up at least a few upgrades that your residents want to see. Listening to their feedback and making a few strategic upgrades is one of your best lines of defence against high turnover and vacancies. Whether it’s investing in technology to boost efficiency or making resident-requested cosmetic upgrades, small changes can have a big impact. Remember that your current residents and owners are a major source for quality referrals. Delighting your current customers with the upgrades they want could lead to landing new business down the line. People talk about their living experience all the time with their friends, families, and colleagues—what are they saying about you? When you create great customer experiences, you’ll generate positive word-of-mouth that could bring in new business. 6. Manage Maintenance and Construction There’s no way around it: maintenance and construction projects are always an inconvenience. You can’t do much about that, but there’s plenty you can do to communicate with residents to help it go as smoothly as possible. For planned projects, share announcements and updates through bulletins on your resident site. Let residents know when and where the projects are taking place and how it will impact them. Will utilities be shut off? Will certain areas of the building be off-limits? When do you expect the project to wrap up? Communication is key to a successful maintenance project. Give residents the information they need to navigate the situation, like estimated timelines and contact information for key players involved in the project. If you let communication lapse and residents are caught off guard, that’s when they’ll start to feel like you don’t care. When residents don’t feel like a priority, it erodes the relationship and makes them less likely to stay put. The industry is evolving, and strong relationships are the new gold standard for achieving sustainable growth. Remember: property management is all about creating great living experiences, and that means putting people first. With the right relationships and tools in place, you’ve got all you need to build a thriving business. After all, residents are most impacted by the quality of your service—and therefore your most important clients. 1. CREATE A FAIR AND UNDERSTANDABLE RENTAL CONTRACT The start to any successful tenant-landlord relationship is a fair and agreed- upon rental contract. Make sure tenants understand everything written in the contract, so nothing is left to their imagination or question. The more straightforward the contract is, the more tenants will feel at ease when they sign the dotted line. A contract that is unclear or ambiguous not only invites room for interpretation, but tenants may also see this as dishonest. 2. CREATE A FORMAL PROCESS FOR TENANTS TO SEND COMPLAINTS AND SUGGESTIONS As any property management team knows, tenants are bound to have both suggestions and complaints about their property or unit over time. To provide the best support possible, create a formal process for giving and receiving those suggestions and complaints. Tenants should know where to go to submit a complaint or suggestion, and a property management company should be regularly reviewing those submissions. This allows both tenants and property managers to be proactive and resolve issues quickly. 3. CREATE A FORMAL PROCESS FOR ROUTINE AND EMERGENCY MAINTENANCE AND REPAIRS In addition to suggestions and complaints, tenants are likely to submit maintenance and repair requests. A property management team should have an in-house maintenance crew or a list of trusted contractors to handle routine maintenance and emergency repairs. Much like a formal process for complaints and suggestions, property management companies should have a place for tenants to submit requests like this via their website (or a 24/7 emergency hotline for repair needs). This gives tenants the peace of mind that they are always taken care of, when needed. 4. BE ACCESSIBLE 24/7 It is never fun to take a call at 3AM, but as a property manager – it is your job to be available (or find someone who is!) when emergency situations arise. Whether it is morning, noon, or middle of the night, tenants should know they have someone to call or email with their questions or concerns. 5. RESPOND TO ALL COMMUNICATION WITHIN 24 HOURS While round-the-clock accessibility is ideal, we understand that not every call and email can be answered immediately. Property managers are still only human! However, providing excellent customer service means responding within 24-48 hours if you were unable to respond right away. Tenants who were unable to reach the team via phone at 10PM but received a call back first thing the next morning will trust that the property team thinks of them as a priority. A responsive property management company creates trust and gratitude amongst tenants. 6. SET CLEAR EXPECTATIONS The quickest way to tarnish the tenant-landlord relationship is by not following through on promises. Make sure that expectations are clear both ways, and if a property team says they are going to do something – do it (or communicate why you will not be following through). 7. INTERACT REGULARLY WITH TENANTS Outside of requests, suggestions, and complaints – it is important to interact regularly with tenants to create a strong relationship and understanding of their issues. Property teams can host Q&A sessions, offer coffee in the office once a month, or simply walk around and greet each tenant they encounter. Either way, tenants and property managers should not just be talking when something is wrong. The goal is to create a relationship where matters can be discussed before they turn into a real issue. 8. BE PROFESSIONAL (AND PROVE IT!) Tenants should feel confident that their property management team knows what they are doing. The property team should know the contracts, know the website, know the maintenance and communication processes, and know the property. When every request and question is answered quickly and accurately, tenants will respect property teams for the work they do. With over 280,000 property management companies in the U.S. alone, property management can be a competitive environment. Rental property owners always have a long list of property managers to choose from. Offering excellent customer service can be the bedrock of a successful property management company, and it can differentiate a property manager for all the other teams vying for more business.
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