For developers and owners of multi-families, tenant-retention is the Holy Grail
The Hidden Cost of Tenant Turnover
For multi-family property developers and owners, tenant turnover isn't just inconvenient—it's expensive. Every non-renewed lease leads to vacancy loss, unit prep costs, marketing, leasing commissions, and staff time. On average, a single move-out can cost between $3,000–$5,000 or more per unit.
But the bigger issue? Loss of community. Frequent turnover erodes the social fabric of a property, making it harder for residents to feel connected or invested in the place they call home.
Why Friendships Matter
According to studies by Apartment Life and industry research groups, residents with just one close friend in the community are 70% more likely to renew their lease.
People don’t just stay for amenities. They stay for relationships.
Social Grilling Helps with Tenant Retention
How Social Grilling® Boosts Retention
The Angara Social Grilling® table is more than a piece of outdoor furniture. It’s a community-building tool. These beautifully designed, U.S.-manufactured teak and marine-grade steel tables allow multiple residents to cook together in a shared, interactive, immersive environment.
- This creates spontaneous, low-pressure opportunities for:
- Ice-breaking among new residents
- Neighbor-to-neighbor friendships
- Group events that feel natural and fun
- Emotional attachment to the community
Residents who bond through food, laughter, and shared experience are far more likely to renew.
Social Grilling at the High Ridge Landing Apartments in Boynton beach. Florice
Key Benefits for Property Owners
- Cut Turnover Costs: Fewer move-outs = less revenue loss
- Elevate Resident Satisfaction: Experiences that matter more than a pool or gym
- Boost Online Reviews & Referrals: Residents who feel connected talk positively
- Accelerate Lease-Up: Vibrant social spaces attract new tenants
Trusted by Industry Leaders
Communities developed and managed by Greystar, Alliance Residential, Fairfield, and American Landmark have all seen the benefits of Social Grilling® firsthand.
The Bottom Line
Social Grilling isn’t a luxury. It’s a retention strategy.
When neighbors become friends, they stay.
Call ibbq at 1.800.937.4227 to learn how to bring Social Grilling® to your property.
