Renewals and Leasing

My company currently does not pay the leasing consultants anything for renewals, but are open to changing that policy if we can present a good enough case for it, and back it with data. Can you share what your company's policy is on paying anything for renewals? Also, if you know how they came to that conclusion and what your opinion is on that structure, I'd love to hear that as well.
Thanks!

Absolutely! Most companies I've worked for pay more for a lease renewal than for a new move-in lease. The average cost of turning an apartment (both hard and soft costs) is almost $5,000 - and that's for a "regular" turn not requiring major replacements. It is less expensive to keep residents happy and staying in their apartment for the cost of a renewal bonus -vs- thousands of dollars per apartment when they leave. Not to mention the great marketing benefit that you get with a close-knit community that will tell their family and friends how much they love living there - especially on social media. We currently pay $100 for move in leases ($50 to the leasing consultant and rest split among the maintenance team) and $200 for lease renewals (which get divided equally among the whole team).

Wonderful, thank you for the response! This was my post but I apparently wasn't signed in. My company currently does not pay anything for renewals but my Regional is open to changing that if we can present a good enough case to the owners.

Our company pays $50.00 for lease renewals.

The company I work for does offer a small bonus commission on renewals and new leases, however, there is so much PPW involved, that it's more work than it's worth to submit for them.