Rent Specials....
Good Morning!
I have some apartments that are in need of tenants! My PM is getting an abundance of calls however either they have 60lb dogs OR request section 8. I am staying away from Section 8 as it's my personal preference to find tenants who are financially responsible. When I sell these properties in 5-7 years, no section 8 tenants will be more appealing to the prospective buyers.
My rents are at market @ $525 & $575. My units are nice & clean. Location of both properties range from C / B -.
My PM recommended a rent special.
Example : First month $300 + Security Deposit.
$99 move in special....
However I am not desperate but I am all for a little incentive! My thoughts are $100 off 1st months rent...This is my first go at "Rent Specials"
Anyone with tips, suggestions, experiences, let me know please!
All and any advice is welcome!