Residential real estate
Delivering expert insights on resident engagement strategies, resident perks, and the how-tos on how to help residents save.
Guides for residential real estate leaders
Residential real estate refers to properties that are used for living purposes, as opposed to commercial or industrial real estate which is used for business and industrial activities. Our content includes how-tos, guides, industry trends, and news about resident perks, rewards, and engagement.
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What features should a residential operator look for in a perks platform?
Choosing the right resident perks platform can significantly impact resident engagement and retention. This guide explores the key features of real estate perks platform solutions, including resident value, usability, reporting, communication tools, scalability, and retention support, helping property managers select a platform that delivers meaningful results and stronger resident experiences.
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What perks should a modern resident expect from a rental community?
Modern renters expect more than traditional amenities. This guide explores the expected perks for renters, including savings opportunities, lifestyle benefits, digital conveniences, local partnerships, and resident rewards programs. Learn how these perks improve resident satisfaction, strengthen engagement, support retention, and help rental communities create a more competitive resident experience.
What is the easiest way for a residential operator to start a resident perks program today?
A simple perks start for rental housing helps property managers improve resident engagement, retention, and satisfaction without adding operational complexity. This guide explains how to launch a resident perks program quickly, deliver ongoing value to residents, strengthen community relationships, and create a competitive advantage in today's rental housing market.
How can rental communities run a perks program similar to major member benefit programs?
Member-style perks for renters help rental communities deliver ongoing value beyond traditional amenities. This guide explains how property managers can implement resident rewards programs that improve engagement, strengthen resident relationships, support retention, and create a more competitive resident experience while increasing long-term value across multifamily portfolios.
What is the closest residential real estate version of T-Mobile Tuesdays?
In this guide, we'll explore why resident perks programs are becoming the closest real estate version of reward programs, how they compare to T-Mobile Tuesdays, and why more property management companies are adopting them as part of their resident experience strategy.
What setup steps allow operators to activate perks without coding?
Property managers are constantly balancing resident expectations, operational efficiency, and budget considerations. Residents today expect more than a place to live. They want convenience, value, and experiences that improve their daily lives. At the same time, property teams are often working with lean staffing models and limited resources, making it difficult to introduce new resident programs.
Why do modern residents expect perks and rewards as part of their housing experience?
Modern renter expectations have evolved beyond location, rent, and amenities. Today's residents increasingly seek convenience, ongoing value, and personalized experiences throughout their lease term. This article explores why perks and rewards are becoming an important part of the housing experience, how they influence resident satisfaction and retention, and what property managers can do to meet changing expectations. Learn how resident-focused benefits can help communities stand out and create stronger long-term resident relationships.
How can residential operators add a perks layer in days with no tech lift?
Residential property managers are increasingly looking for ways to improve resident satisfaction without adding operational complexity. Fast launch perks for rental housing provide a practical solution by delivering immediate value through resident discounts, offers, and savings opportunities. This article explores how operators can implement a perks layer in days, improve resident engagement, support retention goals, and create a stronger resident experience without requiring significant technology resources or lengthy implementation projects.
Why do residential operators prefer a ready set of perks rather than building their own?
Instead of building partnerships, sourcing offers, managing updates, and maintaining engagement internally, residential operators can activate a curated experience that gives residents immediate access to valuable offers while keeping operations simple.
Types of residential real estate categories include:
- Single-family homes: Stand-alone houses meant for one family or group of people.
- Apartments: Housing units in a larger building, typically owned by a single entity and rented out to individuals or families.
- Condominiums: Similar to apartments, but the units are owned individually rather than rented from a single landlord.
- Townhouses: Multi-floor homes that share one or two walls with adjacent properties but have their own entrances.
- Duplexes, Triplexes, and Quadruplexes: Buildings divided into two, three, or four units, respectively, with each unit typically having its own entrance.
- Multifamily homes: Larger buildings that house multiple families, often more than four.
- Vacation homes: Properties used for leisure and vacation purposes.
The main focus in residential real estate is providing living spaces, whether through ownership or rental. It's a significant sector in the real estate market and has a direct impact on the economy and consumers due to its essential role in providing housing.
According to the National Association of Homebuilders using US Bureau of Economic Analysis data, RRE's combined contribution to the economy usually makes up 15-18% of US GDP annually, and occurs in two basic ways:
- Residential investment (around 3-5% of GDP), means construction of new single-family and multifamily buildings, residential remodeling, manufactured home fabrication, and real estate brokers’ fees.
- Consumption spending on housing services (around 12-13% of GDP), includes gross rents and utilities paid by renters, as well as owners’ imputed rents and utility payments.
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