Renewals
Renewing leases can be time-consuming and tedious, but with the right software, multifamily property managers can streamline the process and save valuable time. The best multifamily renewal automation software simplifies the entire process, from scheduling reminders to generating lease offers. These solutions also make it easy for residents to renew their leases by providing online options and personalized offers.
LeaseLock Lease Insurance is the first and only program of its kind. LeaseLock eliminates deposits, creating greater access to housing for renters, while appropriately offsetting risk for properties. Renters prefer LeaseLock’s deposit waiver option, substantially reducing move in costs. Unpaid balances can be recaptured through LeaseLock’s simple claims process, without damaging renter credit.
Make renewals easier than ever with Livly. Notify residents via the app, view responses and comments in the property hub, create internal notes to keep managers up-to-date on active tasks, and send digital gift cards to encourage renewals. Then leverage our predictive analytics to customize resident incentives and increase lease renewals with Livly’s robust software.
Rethink your retention strategy with Renew. Reduce vacancy loss, improve forecasting, and cut through the noise. Build long-term relationships and meet your residents where they are - or wherever they’re going. Understand how likely your residents are to renew or where they plan to move and why. Supercharge your process with Renew, and let your team focus on delivering a superior resident experience.
ResidentAI automatically gathers and tracks resident payments, expediting payment velocity and reducing bad debt. EliseAI fully integrates with your PMS to detect outstanding charges and payments, and your AI assistant automatically sends personalized reminders and community-configured instructions for payments. Start saving time and improving community financial performance with ResidentAI.
Frequently asked questions
What are the key features of the best Renewal Automation solutions?
Winning multifamily renewal automation solutions should offer a streamlined and efficient renewal process that saves property managers time. Key features should include automated renewal notices and reminders, customizable renewal options, and a user-friendly interface for both property managers and residents. Integration with property management software and resident portals can also improve the renewal process. Advanced analytics and reporting can help property managers track and analyze renewal rates, enabling them to make data-driven decisions that increase resident retention and revenue.
What should I consider when comparing solutions for Renewals?
When shopping for renewal automation solutions, operators should be on the lookout for key features that make their lives easier. Look for solutions that offer automated lease renewal workflows, custom renewal offers based on resident behavior, and the ability to track and report on renewals. Other important features include integrations with property management software, resident portals, and email marketing platforms. With the right renewal automation solution, property managers can save time, reduce turnover, and keep residents happy.
How does Renewal Automation make renting apartments easier and more rewarding?
Renewal automation solutions take the hassle out of lease renewals for both property managers and residents. With automated reminders and streamlined processes, residents can quickly and easily renew their lease without any headaches. Property managers can easily track and manage renewals, and even incentivize residents to renew with personalized offers and discounts. This means more time and money saved, and happier residents who feel valued and appreciated.