Innovative Strategies

User Stats

12
Posts
15
Votes
Mark Lira
  • The Dalles, OR
15
Votes |
12
Posts

Discount rent for on time payments.

Mark Lira
  • The Dalles, OR
Posted Dec 7 2019, 19:26

Hello

We all like to receive rent on time. With that in mind, I had a thought of advertising rent slightly higher than I need and offering a discount for payments made on the day I want it. For example if I need $860/month due 1st of the month, I then advertise for $870/month with a $10 on time discount for payments made on the 1st.

Department stores use a similar strategy where they mark up an item, then have a "sale" on it at regular price. It seems logical but a bit unethical at the same time.

Is this a good idea and something people commonly use in real estate? Or deceptive and unethical?

Any advice, thoughts or opinions would be fantastic. Thanks!

Loading replies...