Reward for New Tenant Referral

3 Replies

I have a tenant moving out after a one year lease. They have recommended a family member move in and she seems like a good tenant. Of course, we'll go through the ususal application/checks, but let's assume everything passes with flying colors. I'd like to offer the old tenant a reward for the referral. I'm thinking of adding in a little extra (maybe $100) to their returned security deposit.

Your ideas? Your experience?

Id make sure it’s not cash , I’d do something that can be traced for tax reasons , maybe a gift card to a restaurant or home depot . Be sure it can be written off