Description
Learn the art and science of successful rent renewal.In an everevolving rental market, staying ahead demands innovative strategies and smart technology integration. Our upcoming webinar delves into the art and science of successful rent renewal, tailored for today’s dynamic property management landscape. Whether you’re a property manager, owner, or part of a property management team, this session is designed to equip you with cuttingedge strategies for rent renewal success. We’ll explore proven techniques for fostering strong tenant relationships, offering flexible terms, and achieving competitive pricing through insightful market analysis. A special focus will be on leveraging technology and AI to streamline processes, enhance decisionmaking, and improve tenant satisfaction. This webinar is more than just a learning experience it’s an opportunity to transform your approach to rent renewal, ensuring higher retention rates and optimized profitability. Attendees will gain actionable insights, access to the latest tools, and the knowledge to navigate the complexities of rent renewal in the digital age. Don’t miss this chance to revolutionize your rent renewal approach and stay ahead in the competitive property management arena.
Date: 2024-03-15 Start Time: End Time:
Learning Objectives
Introduction
• Setting the Stage: Rental Renewals
• Welcome and Introduction
• Presentation Overview and Objectives
Trends in Single Family Home Rental Market
• National Trends and Market Analysis
• The Importance of Rent Renewal in Property Management
• Aligning Owner, Resident, and Property Manager Goals
Proactive Communication and Relationship Building
• Building Strong Tenant Relationships: Communication Best Practices
• Effective Owner-Manager Communication: Ensuring Alignment and Transparency
• Case Study: Impact of Proactive Communication on Renewal Rates
Offering Incentives and Flexible Terms
• Creative Incentives for Encouraging Renewals
• Flexibility in Lease Terms: Adapting to Tenant Needs
• National Examples: Successful Incentive Strategies in Different Markets
Market Analysis and Competitive Pricing
• Conducting Market Analysis: Tools and Techniques
• Balancing Competitive Pricing With Profitability
• Upgrades and Maintenance: Aligning With Market Expectations
Technologys Role in Renewals
• Advancements in AI and Property Management Software
• Benefits of Integration and Automations
Legal and Ethical Considerations
• Navigating Legal Frameworks Across Different States
• Ethical Practices in Rent Adjustments and Tenant Negotiations
• Resolving Disputes: A Balanced Approach
Conclusion and Closing Remarks
• Key Takeaways and Best Practices
• Encouragement for Implementation of Strategies
• Thanking the Audience and Closing
Q and A Session
• Open Floor for Questions
• Sharing Experiences and Perspectives
CLE (Please check the Detailed Credit Information page for states that have already been approved) ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.
Kelli Segretto-K Segretto Consulting
