Tell a Friend — What You Should Know About Apartment Referral Rewards

This article originally appeared on the Springs "You're Home Blog."

Help a friend AND make some money? Talk about a win-win situation! That's what happens when you get rewarded for making a successful referral at one of our Springs luxury apartment communities.

These rewards can take different forms depending on which community offers them. Here are some things you should know about these great programs and how you can benefit.

Why Offer Referral Rewards?

It's no surprise that management companies want to see 100 percent occupancy in their apartment communities. When you make a referral, you're essentially pre-screening a potential resident. If that person ends up leasing an apartment, management fills a vacancy with someone who has been recommended by one of their valued residents, thereby maintaining a pleasant and desirable community.

What Types of Rewards Are Available?

You might be surprised by the variety of perks that are being used to reward referrals.

• Cash is the most obvious type of reward. It generally takes the form of a flat amount of money offered per valid referral, but the amount may fluctuate based on factors such as holiday seasons and slow moving periods.
• Another popular reward is a rent reduction. This could be either a lump sum such as half-off one month's payment, or it may be pro-rated across six months or another period of time.
• Today, gift cards are available for just about any product or service, from clothing and gasoline to restaurants and hotel stays. Gift cards make great referral rewards because people can use them for something they'd like but might not spend money on themselves.
• One type of referral reward system that's been gaining traction is a points program that operates much like an airline mileage account. In addition to referrals, you can often earn points for activities such as lease renewal and timely rent payment. Once the point total reaches a certain level, they can be redeemed for gift cards, local services or many other options depending on the community.

How Do I Know if I'm Eligible for Referral Rewards?

Some communities will publicize their rewards program through ads, signs or flyers, but the best way to find out if a program is available is to stop in and talk to a friendly member of our onsite management team. You'll get the most current information without having to worry if you're looking at outdated material.

Referring friends or family members to our Springs luxury apartment communities is one of the most valuable compliments we can receive. We want to maintain the type of high-quality service that makes you proud to recommend us to others.