What are you binging these days on Netflix?
I ask because I totally know you're watching something. The streaming service currently has 118 million subscribers globally. Odds are, you're one of them. Oh, also, I'm always on the lookout for more shows to watch. Currently I'm watching You (and really considering changing the passwords on all my devices), as well as giving Tidying Up with Marie Kondo a shot (while getting anxiety sweats over whether an old 5K t-shirt is really sparking joy or not) and throwing in some Parks and Recreation for good measure (Chris Pratt).
So, assuming you're a subscriber, what did you think about the news that Netflix is going to be raising prices—its largest increase since launching the streaming service? Annoying, but you're going to keep using the platform, right?
Exactly.
Netflix certainly isn't the only streaming platform out there, but it's going to retain—and maybe grow—its user base. Well, that's their hope, anyway. And as property managers, you can take away some insights from this on how to raise rents at your property without alienating or losing your renters.
Jessica Fiur is the editor-in-chief at Multi-Housing News and Commercial Property Executive.