Apartment Trends Magazine May 2015 | Page 37

RESIDENT RETENTION brent williams, multifamily insiders Leasing to New Prospects is a Massive Waste of Time Y es, you read that right - leasing to new prospects is a massive waste of time. However, that doesn’t mean it isn’t completely necessary, as it most definitely is. If a community leases to a new prospect rather than renewing an existing resident, they are not somehow farther ahead. Although the lea ͥ