Efforts at customer retention are multifaceted. Here's a couple:
1. We provide 24/7/365 on-call service; i.e., we'll replace a light bulb on Christmas Day.
2. Each encounter with a customer is finished with the question: "Is there anything we can take care of for you in your apartment?" In other words, we ask for service. That's why our service requests are more numerous at the beginning of the month, when customers are paying rent.
3. We assign a full-time maintenance person whose near sole task is responding to SRs each business day. That's why most of our service is performed same-day and why we are often able to respond within 15-30 minutes of request.
4. We foster a "customer/business" environment rather than a "tenant/landlord" or "resident/landlord relationship. Expunging the terms "tenant" and "resident" from our rhetoric and replacing them with the "customer" concept literally changes everyone's outlook.
5. Successful customer retention begins at the time of applicant approval. Desperation leasing inevitably leads to higher turnover. I would rather have an apartment stay empty than fill it with someone who is marginally qualified - we're not helping them or us.
With 346 apartments we generate about 2,500 SRs a year, which equals 2,500 opportunities to show our customers that we're worth what they are paying - or to screw up. Do we spoil our customers? Of course. But, our ten-year average for annual turnover is about 28%, far less than the 60% national average.
And, last year 2% of our vacancy rate was from customers who died.
Rick Hevier
Richard Hevier
Richard S. Hevier
[email protected]