<img height="1" width="1" src="https://www.facebook.com/tr?id=113643043990058&amp;ev=PageView &amp;noscript=1">

Turnkey Real Estate Investing

4 min read

8 Tactics for Improving Resident Retention in Your SFRs

By Chris Clothier on Thu, May 9, 2024

Resident retention is the investor’s best avenue to reliable cash flow. Vacancies cost money – costs for lost rental income, preparing for the next resident, and marketing the property, to name a few! As a real estate investor, one of your top priorities – regardless of your strategy – is to keep good residents for the long haul.

But how do we do that? What do retention rates mean? How are they calculated? Keep reading to find out more!

How Retention Rates Work

We can talk about metrics all day, but they’re useless if we don’t understand how to calculate and interpret the data! Generally speaking, your rental property retention rate is calculated by dividing the number of residents (or renter households) that moved out during a twelve-month period by the total number of residents/households you had over that same period. Then, multiply that result by 100. 

Continue Reading
4 min read

Weighing Your Options: Residential vs. Commercial Real Estate

By Chris Clothier on Sat, Jul 27, 2013

The world of real estate can be confusing-- downright scary, even-- for people who are just getting their feet wet. In some respects, it can be similar to a new relationship. When you're just getting started out, you're this mishmash of excited and scared. You have ideas and opinions and are sure to get plenty of "advice" from everyone around you.  You have high hopes, but at the same time, you don't want to get burned. The potential rewards are great, but the potential for disaster can make you gun-shy. She wants to go to the opera; you've already bought tickets to an MMA bout.

Continue Reading