Turnover is inevitable for residential properties. Inevitable, and costly.
In fact, it costs about $4,000 (about £3,160 or €3,800) to replace a resident.
So, why do people move out?
Their work will take them to other cities. Their families are gaining new members and more space is needed. Their relationships may have changed and they need time away. People change.
But, most people leave for one, avoidable, reason: an inadequate resident experience. This is a property manager’s biggest hurdle to a thriving and long-lived residential community.
The resident experience refers to how people feel about their place of living. It’s affected by two main factors.
The first factor, the property’s physical features, leave an immediate and lasting impression on the resident. Think of how they move around the property. What do they see? Excellent facilities, an appropriate living space, architecture, and interior design make for a good residential area.
The second factor, day-to-day encounters, make or break this impression. Think of what they encounter on the property. It is up to their fellow residents and the property staff, as well as the amenities and administrative system to create an environment suitable for living.
This boils down to one question: Do your residents feel at home?
A pleasant resident experience means that your property is the place to live. People are happy to stay, and more likely to recommend the place to others.
A poor resident experience caused by mounting frustrations and inconveniences means your place isn’t home. All roads lead to a short lease.
How then can you ensure a good resident experience?
Think about the basics: the upkeep of the grounds, the quality of service, and amenities. The fitness centers, the maintenance schedules, the front desk, the pet-friendly areas, the package room— Everything your residents do on the property is a touchpoint and an opportunity to improve their experience, especially those your residents need to visit regularly.
So, let’s look at the logistical center of the property–the package room.
Note that in this article we’ll be talking about the package room, but you can apply these tips to other spaces like the mailroom or front desk.
Your package room is an amenity and should look like it. Make it attractive!
With comfy seating, vibrant plants, and other decor, you can turn a room visit into a functional feast for the eyes.
At the same time, you want to keep the space functional, neat, and tidy.
While your tenants have visited the property before, during oculars and lease signing, move-in day is when they’ll truly become your residents.
This is the real first impression, the coming together of all your prior preparations. If they encounter any inconveniences or blocks at this time, dissatisfaction will begin.
How the move operates will differ from property to property. For example, students move into PBSAs and other housing at the start of the academic year—around September. In apartment complexes and other residences, people can move year-round. That said, most moves happen in the summer.
Not unlike peak delivery seasons, there will be periods of high move-in rates—your biggest opportunities.
Once you’ve established a relationship with the residents, the next job is to keep up the momentum. An individual resident may not be in the package room every day, but help should always be on demand.
The mailroom is a touchpoint, so it provides an opportunity for people to connect and get to know each other.
To keep tenants for longer terms, residential properties need to turn from a place of living into a home. Make them feel safe like this is a place where they can unwind, play with their pets, and watch their families grow.
Your package room, front desk, or mailroom can contribute to this homely resident experience with quality services that make them feel heard, secure and part of a community. Start a free trial with Parcel Tracker so you can start.
May 22, 2024
Create a welcoming reception area with our tips on layout, decor, and functionality. Make a great first impression on every visitor!
May 22, 2024
Explore how you can streamline your mailroom with ten strategies, including data security, automation, and feedback tips, to boost efficiency and satisfaction.
May 22, 2024
95% of students in a recent UCAS survey said the quality of accommodation influenced their decision of where to live.