The Concession War Is Hiding a Bigger Problem with Katherine Maestas
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In this return episode, Rory Anderson welcomes back leasing and leadership strategist Katherine Maestas for a no-fluff conversation about what’s really driving leasing performance in today’s oversupplied markets. If your property is throwing out bigger concessions and still struggling to fill units, Katherine makes the case that the problem isn’t pricing — it’s people, standards, and leadership.
They dig into what value-conscious renters actually care about (hint: responsiveness, professionalism, and a home that doesn’t feel stressful), why “downtime” is usually a training and expectations issue, and how leaders can coach leasing teams by getting out of the office and into the trenches. You’ll also hear real-world stories—from a late-night amenity flood caused by a break-in to a property getting 20+ tours a week but closing only 3—and the practical fixes that change results: tighter follow-up, better connection on tours, community outreach, secret shopping, and teaching teams to take true ownership.
This episode is a playbook for managers and leasing teams who want to raise the bar, build pride on-site, and turn culture into leases.
CHAPTERS
00:00 Introduction to Property Management Challenges
02:19 Unusual Experiences in Property Management
05:28 Emergency Preparedness in Multifamily Properties
09:07 Understanding Leasing Challenges and Concessions
14:19 The Importance of Connection in Leasing
20:33 Addressing Downtime and Staff Accountability
26:57 Building Community Relationships
28:57 The Importance of Ownership and Accountability
33:18 Creating a Culture of Pride
35:46 Positive Examples of Leadership
40:13 Opportunities in the Multifamily Industry
43:15 Leading Without a Title
44:36 Raising Standards in Property Management
KEYWORDS
property management podcast, multifamily leasing training, how to increase lease conversions, apartment leasing tips, lease up strategy 2026, rent concessions strategy, multifamily oversupply, improve close rate leasing, onsite team leadership, property manager coaching, resident retention strategies, leasing agent accountability, apartment marketing ideas, follow up systems for leasing, community outreach apartments, apartment tour best practices, extreme ownership leadership, multifamily operations, leasing culture, convert tours to leases
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