resident turnover

The ManagInc Q2 2017 Financial Impact Report

With the limited amount of time and resources available to Property Management Companies, each initiative comes with a lot of evaluation of return on investment.  Trends over the past 10 years have focused on Resident Retention with varying degrees of success, though according to NAA's Annual Income and Expense Report, resident turnover has remained between 51 and 59%. This begs the question of whether or not our primary focus as an industry has been misplaced. 

According to ManagInc's Q2 2017 Financial Impact Report, property management companies who focus on reducing employee turnover not only have a positive impact on employee and resident retention, but see a significant increase in NOI and Asset Value. 

Download the free ManagInc Q2 2017 Financial Impact Report here.