Beekin ®

📈 ✅ Resident retention is one of the biggest challenges in multifamily property management. Balancing rent increases, timely communication, and consistent service while staying competitive in the market is no easy task. What do you think is the biggest barrier to retaining residents today? Let's discuss!

📈 Harnessing Data for Smarter Multifamily Revenue Management 🏢 Leveraging over 70 years of building permits data transforms multifamily revenue management, reducing forecasting errors by 15%-25% in high-supply markets. This historical dataset enables proactive, data-driven pricing strategies that anticipate market trends and maximize rental income while maintaining strong occupancy rates. Read the full article on our blog: https://lnkd.in/gCSXew2z At Beekin, we’re here to help you unlock the potential of data-driven insights—let’s connect! https://beekin.co/ #RevenueManagement #Multifamily #PropTech #RealEstateInnovation #Beekin

📊 Renewal Ratio vs. Tenure Did you know that tenant retention improves as tenure increases—but not in a straight line? This chart illustrates a fascinating insight: 🔹 Tenants with less than 6 months of tenure have the lowest renewal ratios. 🔹 Renewal rates steadily grow between 7-72 months of tenure. 🔹 Tenants who have stayed 73+ months are the most likely to renew their leases, with a renewal ratio close to 70%. 💡 What does this mean for property managers? Longer tenure often signals stronger resident satisfaction and commitment. Identifying and addressing the needs of tenants early in their leases could improve these ratios and reduce turnover costs. 🔗 Curious how Beekin can help you optimize tenant retention? Explore our AI-driven insights and tools here: https://beekin.co/ #Beekin #LeaseRenewals #ResidentRetention #DataDriven #PropTech #MultifamilyHousing

🏢 Struggling with lease renewals? Understanding why tenants stay or leave is the first step toward reducing vacancies and increasing revenue. Beekin’s suite of advanced tools uses AI-driven insights and data analytics to empower property owners and managers to improve resident retention. 🔑 Here’s how Beekin can help you with renewals: 1️⃣ Predict Resident Behavior: Our tools analyze past data to anticipate which residents are likely to renew and why. 2️⃣ Optimize Pricing: Use market data to offer rent incentives that drive renewals without sacrificing revenue. 3️⃣ Enhance Property Appeal: Identify factors like location, amenities, and layout that resonate most with tenants. 4️⃣ Seasonal Insights: Plan leasing strategies around market trends to minimize downtime. 💡 With Beekin, you can turn data into actionable strategies that keep your properties full and your tenants happy. 🔗 Learn more about how we can transform your renewal process: https://beekin.co/ #Beekin #AIForRealEstate #LeaseRenewals #ResidentRetention #PropTech

🔍 WHY DO RENTERS RENEW? Research by Jeremy Gabe at the University of California highlights how key factors like rent discounts, property class, and location can significantly influence lease renewals. Offering strategic rent incentives can boost retention by up to 52%. 💡 Takeaway: Understanding what drives renter decisions is essential for optimizing occupancy and reducing vacancies. 🔗 Want to learn more? Visit our website to download the full Renewal Playbook and discover more insights. #Beekin #MultifamilyHousing #PropertyManagement #RealEstateInsights #ResidentRetention

📊 5 Key Data Points to Improve Lease Renewals 📊 Understanding the right data is crucial for boosting your renewal strategy. These five insights will help you create better offers, retain more residents, and stay ahead of market changes: 🔹 Resident satisfaction 🔹 Market conditions 🔹 The power of automation 🔹 Migration patterns 🔹 Personalized offers 💡 Stay tuned and visit our website for more actionable tips to help you master the renewal process and keep your properties fully occupied! #Beekin #Renewals #ResidentRetention #PropTech #RealEstate

🍂 Happy Thanksgiving! 🦃 As we gather with loved ones and reflect on gratitude, we want to thank our community—our clients, partners, and colleagues—for your continued trust and collaboration. Wishing you all a joyful Thanksgiving filled with warmth, happiness, and abundance! 🧡🍁

📢 Renew like a Pro: Key tips for maximizing lease renewals 🏡 Lease renewals are not just about retaining tenants—they’re about creating a seamless experience that keeps your properties thriving. From our Renewal PlayBook, here are some top tips to help you boost retention and reduce turnover costs. Want to dive deeper into these strategies? Stay tuned! #Beekin #Renewals #ResidentRetention #RentalMarket #MultifamilyHousing #RealEstateInnovation

📢 Renewals: The cornerstone of rental success 🏡 We know how critical lease renewals are to the success of your business. In today’s competitive rental market, retaining current tenants isn’t just a priority—it’s a necessity for maximizing revenue and ensuring operational stability. At Beekin, we believe renewals are more than just a transaction; they’re an opportunity to build lasting relationships and minimize costly turnover. Over the coming weeks, we’ll share actionable tips, insights, and strategies from our Renewal PlayBook to help you: 🕒 Time your renewal offers for optimal results 💡 Use data and AI to predict tenant behavior 📈 Maximize lease renewals with proven techniques Stay tuned for expert advice and practical tools to elevate your renewal strategy and reduce turnover costs! #Beekin #Renewals #ResidentRetention #RentalSuccess #MultifamilyHousing #RealEstateInnovation #DataDriven

📢 Renewals: The cornerstone of rental success 🏡 We know how critical lease renewals are to the success of your business. In today’s competitive rental market, retaining current tenants isn’t just a priority—it’s a necessity for maximizing revenue and ensuring operational stability. At Beekin, we believe renewals are more than just a transaction; they’re an opportunity to build lasting relationships and minimize costly turnover. Over the coming weeks, we’ll share actionable tips, insights, and strategies from our Renewal PlayBook to help you: 🕒 Time your renewal offers for optimal results 💡 Use data and AI to predict tenant behavior 📈 Maximize lease renewals with proven techniques Stay tuned for expert advice and practical tools to elevate your renewal strategy and reduce turnover costs! #Beekin #Renewals #ResidentRetention #RentalSuccess #MultifamilyHousing #RealEstateInnovation #DataDriven