What is Tenant Retention Rate?
Tenant Retention Rate is defined as: Percentage of tenants who renew their lease. Turnover triggers vacancy, marketing, and maintenance costs.
What data source is used to measure Tenant Retention Rate?
Tenant Retention Rate is typically measured using data from a Property Management System. This system of record provides the transactional and operational data required to calculate and monitor this metric accurately and in real time.
Typical Data SourceProperty Management System
Which industries track Tenant Retention Rate?
Tenant Retention Rate is a key performance indicator used across the following sectors:
How does Firehawk Analytics measure Tenant Retention Rate?
Firehawk Analytics connects directly to your Property Management System and delivers a live Tenant Retention Rate dashboard. Configuration is completed within 48 hours — no data analyst required on your team.