See exactly how much Convivial saves you in turnover costs and retained revenue.
That's how many renewals you'd have to save to reach $136K a year — about $8.5K per lease, or 1.3 a month.
Communities with resident engagement programs save an average of $20,235/month through reduced turnover — that's 5 additional renewals per month at $4,047 saved per renewal.
— Apartment LifeResidents who know 7+ neighbors have a 47% higher renewal rate — compared to just 29% for those who know no one. Each neighbor friendship increases renewal odds by 8%.
— Apartment Life / RealPageA 500-unit property that improved renewals by 8% saved $120,000 annually on a $12,000 program investment — a 900% ROI from reduced turnover and vacancy costs.
— Paylode ResearchResidents are willing to pay up to $200 more per month to stay in a community where their friends live — turning social connection into measurable revenue.
— National Apartment AssociationHow community programs drive $20K+/month in savings, 5 additional renewals, and 12+ hours saved weekly. The definitive case for resident engagement in multifamily.
The formula and case studies behind calculating your exact ROI from resident retention — including a 500-unit example showing 900% return on investment.
How operators are navigating today's market with smarter technology and renewed focus on resident value. By Entrata — the industry's most comprehensive annual report.
NAA's deep dive into how resident connection drives lease renewals — featuring real spend data from property managers investing $10–$30 per resident monthly in community.