What is a Resident Benefit Package and Why Should You Offer One?

14 Apr What is a Resident Benefit Package and Why Should You Offer One?

As a Salt Lake City rental property owner, you juggle many roles. At the end of the day, you just want happy residents! In fact, you might be considering new ways to attract and retain residents. Our answer? A high-quality residential market. Breakroom Choices is here to enhance your residential experience in a completely new and unique way – offer a resident benefit package.

When it comes to offering residential benefit packages, it can be hard to stand out from the crowd. With us, you can give a completely fresh solution to satisfy renters: Choice Markets! These residential markets are fantastic additions that will truly set you apart. Not only will they keep Salt Lake City residents happy, but you can also increase revenue and reduce turnover. It’s a win for both the residents and your business!

Choice Markets is brand new to apartment complexes and offered exclusively by Breakroom Choices. For more than 25 years, we have been innovating the vending industry. (Want to know a fun fact? We actually pioneered the first fruit vending machine back in 1995!) Grabbing drinks from the local beverage vending machine is a classic for a reason, but a lot has changed since the early days of vending though. Today, we continue to offer the best products, service, and innovation in Salt Lake City refreshment solutions. Read on to discover more about this new benefit.

What is a Resident Benefit Package? 

Let’s start by breaking down the basics. A resident benefit package showcases all the benefits of renting with you over a competitor. It is a great way to entice new Salt Lake City residents and retain current ones. As a property manager, you can increase resident payments for the additional amenities. Residents love having amenities, such as 24/7 maintenance and an online portal access to pay their bills. Take it a step further with a new and innovative way to satisfy renters: Choice Markets.

What is a Choice Market?

A Choice Market – also known as a residential market – is an onsite convenience store available to anyone renting in your apartment community. It’s essentially like a market you might see in your break room at work. There are a wide variety of refreshments available, such as grab-and-go items, dog food, laundry detergent, and various toiletries like toothpaste. If you’re worried about space, we can add a miniature micro-market. At Breakroom Choice, we truly care about the quality of our service.

How Does a Choice Market Work?

Will it work for you? In our experience, yes. Everyone loves a Choice Market because it is incredibly flexible. To start, you can offer residents cool discounts, such as free candy on National Candy Day. The options are endless! If there is a particular item you’d like to include, just ask us! We love bringing our Salt Lake City vending experience to your residents.

The importance of onsite refreshments is vital, especially with the rise of remote workers who no longer have a formal breakroom. To fill this gap, you can treat your Choice Market like an office break room, especially if you tend to attract remote workers. Some apartment complexes are even offering coffee service onsite. We can certainly help with that, too! Whether you want to add a single cup coffee service or new snack options to your Salt Lake City apartments, we’ve got you covered.

Benefit 1: No Cost Installs for Salt Lake City Residents

The best part? There is no cost to the property manager for installation. We’ll cover all of the installation and restocking fees! Plus, it is completely custom to fit your needs. Salt Lake City residential markets are designed to fit any space or layout, so you can tailor it to your specific apartment community.

Benefit 2: Increase Revenue with a Choice Market Amenity

You can increase revenue for your apartment complex, as residents are willing to pay more for onsite benefits. After all, it will save them a trip to the store for just one or two items when they have them available nearby! Residents can stop by for a midnight snack without leaving their building. You’ll also be able to better retain the residents you want to keep in your community as well. By adding this unique perk to your resident benefit package, you’ll stand out to potential new residents.

Benefit 3: Save Money by Retaining Salt Lake City Residents

One of the biggest perks? Lower resident turnover. When you lose residents, you lose money. Did you know the national average cost of a turnover is equal to three months’ rent (according to an article by Real Property Management Success)? You lose precious time, invest costly renovations to entice new residents, and potentially spend more than if you’d kept your current resident. Choice Markets is a game changer for your business. Gain quality residents you want to keep and save money long term.

Should You Add a Choice Market to Your Resident Benefit Package?

There are so many reasons to opt for a choice market in your Salt Lake City residence! Create passive income with a room you’re not even using currently. We’ll customize your offerings to reflect your residents too. Plus, we offer residents multiple ways to pay, such as cards or mobile devices. Residents can even set up accounts to save their preferences, making it an easy, convenient, and personal experience.

With more than 25 years of experience and insights, we’ll provide high-quality services and products for your resident benefit package. Entice new residents, retain your current residents, and become a uniquely competitive apartment complex. Breakroom Choices is the only company currently offering this special amenity. We service Salt Lake City, Northern Utah, Phoenix areas. Ready to upgrade your rental property? Contact us at 866-246-4239 or info@breakroomchoices.com to get started.