Top 10 Reasons Renters Move

Posted by Hannah Lapin on Jun 12, 2018 10:02:16 AM

Top 10 Reasons Renters Move

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

Check Out Our Partner Programs

Related: Our Top 3 Tips for Tenant Retention, Make New Tenants Feel at Home with a Welcome Package

Topics: Property Management