Terri Nicholson, SVP of Strategic Accounts & Partnerships at Domuso, shared her industry knowledge and expertise in a recent article on The Multifamily Journal:
With a notable rise in operational costs and a rent growth rate of -1% year-over-year, coupled with skyrocketing interest rates, operators are on the hunt for practical ways to increase revenue in their communities. One strategy that has proven to be extremely effective is the centralization of resident reward programs that offer unique incentives for positive resident behavior.
With the popularity of loyalty programs rapidly gaining steam in other industries, it should be no surprise that utilizing them in the multifamily space is helping operators succeed in a multitude of ways. From diminishing delinquencies and encouraging lease renewals to strengthening resident loyalty, revolutionary rewards programs are transforming the entire industry.
Read the entire article on Multifamily Journal >>
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