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Updated over 14 years ago on . Most recent reply

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Kyle Meyers
  • Residential Landlord
  • Indianapolis, IN
138
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592
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Move In Specials

Kyle Meyers
  • Residential Landlord
  • Indianapolis, IN
Posted

Does anyone do move in specials for their rental units? I have been considering doing something like $100 off the first month's rent or maybe a lower rent for the first 3 months of a 12 month lease. Have you had success with a move in special and what have you tried? Thanks for the help.

Most Popular Reply

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151
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82
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Brandon Kamm
  • Commercial Real Estate Broker
  • Memphis, TN
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151
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Brandon Kamm
  • Commercial Real Estate Broker
  • Memphis, TN
Replied

It depends on your market. Certain demographics and price ranges will be attracted to different things. We have done everything from cash, no app fee, free big screen, grocery gift card, tickets to sporting events, etc. etc.

The one thing i would advise against is dirt cheap rent for initial period. We had $99 first month rent and were burned more often than not, yes screening etc. was still done, but those specials led to more problems.

Know your market and cater a special to that.

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