Ever wonder why your tenants are moving out? AppFolio, a leading property management software for landlords with 50+ properties, polled tenants to find out the reasons they move. Here are the top ten reasons they found:
- New job- 29.8%
- Life-changing events such as relationships, children, retirement- 29.3%
- Looking for a change- 27.8%
- Shorter commutes- 19.5%
- Negative interactions with landlords/property managers- 19.5%
- Rent Increase- 18%
- Financial situation change- 14.6%
- Unresolved maintenance issues- 11.7%
- Recommendations of places to live from others- 4.9%
- Threat of eviction- 1.5%
Want more insights on renters like their communications preferences and how they search for properties? Check out the AppFolio webinar “Did a Renter Just Pass You By? Reaching Today’s Customers.” Interested in partnering with Visio? Check out our Partner Programs.
Related: Our Top 3 Tips for Tenant Retention, Make New Tenants Feel at Home with a Welcome Package