Spend Time with Residents for Better Results and Retention Rates
Being promoted to the manager of a rental community or becoming the new management company is exciting. While it may seem tempting to jump in and start fixing things you notice are wrong, it could be a waste of resources and money. You might be addressing problems the residents are not really concerned with or have any interest in. During your first month, your time is better spent talking to the current residents.
Your residents will tell you exactly what they like and dislike about the rental community, their apartment homes, and other vital information. Addressing every single resident’s needs is often not possible. However, identifying the most common ones allows you to satisfy a larger a group of residents and budget your resources much more effectively. In addition, it helps your prioritize what projects to undertake first.
For example, one of the biggest complaints in older rental communities is the lack of in-unit laundry or washer dryer connections. Residents either have to haul their laundry to the local laundromat or lug it down to a shared onsite laundry room. Not everyone likes having to spend a good portion of their day off sitting in a laundromat or laundry room doing laundry. If this happens to one of the most common concerns of your residents, it can be easily remedied by installing LG washer dryer combo sets.
A washer and dryer in one combines both washing and drying functions into a single appliance. You do not have to worry about having to budget money to run dryer vents from each of your rental units. Today’s modern compact washer and dryer combos use ventless drying technologies. Best of all, there are no special dryer cords or 220V outlets necessary. An all-in-one washer and dryer plugs right into any standard 3-prong 110V outlet in your apartment homes.
In addition, LG models are able to be converted into portable washing machines and dryers, in homes where there are no existing washer dryer connections or when you do not want to tap into existing electrical, water, and sewage lines. Portable all-in-one laundry appliances are on wheels. All your residents have to do is roll the machine up to their kitchen sink and connect the adapter to the faucet whenever they need to do laundry.
It is a well-known fact, apartment and rental communities offering in-home laundry have much higher retention rates and satisfied residents. So, if not having in-unit laundry is one of the major complaints by your residents, it is worth your time to make it a priority project. In the long run, you will have happy renters, and the washer dryer combos pay for themselves, since you are able to increase rental rates on units with in-home laundry. To learn more about combination washers and dryers available from LG for your apartment homes, contact FJS Distributors now at 800-875-1533.
