The Secret to Tenant Retention: Why Our Resident Benefit Package Works

Attracting and keeping high-quality tenants has never been more important in today’s rental market. Property owners want to protect their investments with reliable renters who pay on time, take care of the home, and stay long-term. One way we help make that happen is through our Resident Benefit Package (RBP). The RBP is designed to create a rental experience that feels less like a transaction and more like a partnership.

For a low monthly charge, tenants gain access to a bundle of valuable services that make renting easier, safer, and more rewarding. While the package is designed to enhance the tenant experience, it also directly benefits property owners by improving tenant satisfaction, reducing turnover, and helping preserve the condition of your property.

In this blog, we’ll dive into what the Resident Benefit Package includes and why it matters for you as a property owner.

What’s Included in the Resident Benefit Package?

Our Resident Benefit Package offers a collection of services designed to support tenants throughout their lease. Here’s what’s included:

  • Credit Reporting: Reports rent payments (both positive and negative) to the credit bureaus, giving tenants the opportunity to build or improve their credit scores through on-time payments.
  • Resident Rewards Program: Rewards tenants with points for on-time rent payments or other special incentives, which they can redeem for gift cards, raffle entries, and other rewards.
  • Pest Control Coverage: Includes coverage for select pests, encouraging tenants to address pest issues early before they lead to costly property damage.
  • Utility Concierge Service: Helps tenants quickly and easily set up utilities before move-in, streamlining the transition and reducing move-in stress.

Each of these features is designed to not only improve the day-to-day experience of renting but also encourage greater responsibility, timely communication, and better care of the property.

How the Resident Benefit Package Helps Property Owners

The Secret to Tenant Retention: Why Our Resident Benefit Package Works

While tenants enjoy the convenience and benefits of the RBP, property owners also see advantages.

1. Attract More Qualified Tenants

Today’s renters are looking for more than just a place to live; they want a smooth, supportive rental experience. Offering an enhanced living experience through the RBP gives your property a competitive edge.

When prospective tenants compare listings, the added value of credit reporting, maintenance support, and rewards programs can make your property stand out, resulting in reduced vacancies. A better tenant experience often translates to stronger rental applications from tenants who are serious about maintaining good account standing.

2. Encourage On-Time Rent Payments

On-time rent collection is crucial to the success of your rental investment. Through credit reporting and resident rewards, tenants are motivated to pay on time:

  • Positive payments are reported to the credit bureaus, helping tenants build better credit profiles and incentivizing them to stay current on their payments.
  • On-time payments earn reward points, providing tenants with tangible benefits each month they pay rent as agreed.

This two-fold system not only helps you collect rent consistently but also fosters a responsible tenant base.

3. Improve Tenant Retention

Tenant turnover is one of the most expensive challenges property owners face. Every time a tenant moves out, there’s the cost of vacancy, turnover maintenance, marketing, and leasing (not to mention the risk of longer vacancies). One of the best ways to minimize these costs is to keep good tenants happy.

Rewards and credit-building opportunities create goodwill and loyalty among tenants. When tenants feel valued and supported, they are more likely to renew their leases, providing you with stable, long-term rental income.

4. Protect Your Property’s Condition

Pest control coverage is an important part of property preservation. Tenants may often delay reporting pest problems due to potential costs. By providing coverage for selected pests, tenants are encouraged to address issues early to prevent minor infestations from becoming serious (and costly) property damage. This saves you money and preserves your investment long-term.

Additionally, offering pest control coverage can help reduce this frustration by encouraging these problems to be addressed proactively, boosting tenant satisfaction, and reducing complaints.

A Small Investment with Big Returns

The Secret to Tenant Retention: Why Our Resident Benefit Package Works

The Resident Benefit Package offers major advantages to both tenants and property owners. Tenants feel supported, rewarded, and motivated to take care of their homes, while property owners enjoy better rent collection rates, lower turnover costs, and improved property care.

In a competitive rental market, services like our Resident Benefit Package can make all the difference in attracting and retaining tenants who respect and value your property, giving you greater peace of mind and stronger returns on your investment.

The Resident Benefit Package is just one way we help find and keep awesome residents. Oh, and we don’t stop there.

Learn more about how we proactively protect your investment through bi-annual inspections and exterior maintenance upkeep! Combined with the Resident Benefit Package, these services help reduce preventable issues, create happier resident experiences, and preserve your long-term value goals.

Check out the full breakdown of the Resident Benefit Package to learn more about how features like credit reporting and a dynamic rewards program create a better experience for both residents and owners. Click here for more details!

Not currently under our management, but want to learn more? Contact us today so we can walk you through the benefits of joining the United Properties family, including protecting investments, reducing stress, and increasing returns.