A Quick Guide to Lease Renewals | Property Management

The most important thing you can do as a property manager is effective screening. The second most important thing is lease renewals. As we have discussed earlier, the best way to get lease renewals is good maintenance, but there is more to the story than that.

You should not just leave fate to chance. It is important to actively pursue lease renewals from residents as the average length of stay is one of the best metrics you will find for profitability in property management. So actively seek those lease renewals and maybe throw in a few incentives to sweeten the pot.

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