Customers are always right, remember? This adage has a deep meaning, as you should always make sure your customers are satisfied. As a landlord or property manager, you should always give a listening ear to your tenants and resolve their complaints. Living comfortably is what every tenant wants, therefore any issue that would make them […]
Congrats! You have successfully gotten a tenant for your property, and this is something you should celebrate because it is not easy going through all the process of getting a tenant for your property as it can be stressful. Although this is something you should celebrate about, your tenants will find it stressful, especially before […]
No matter what you do as a landlord or property manager, all your objectives boils down to one thing, which is tenant retention. This is so because retaining tenants is very vital in making the most out of your investment. When tenants come in and move quickly out of your property because they are not […]
Even though people are always moving and are searching for affordable apartments, getting tenants seems to be a difficult task, and you have to do it smartly. The truth is that there are some tenants that are more qualified than others, and convincing these quality tenants to leave your competitors and move into your property […]
No landlord fancies having to fill a vacancy in their rental units. Landlords everywhere know the stress that follows filling a vacancy. This sees some consider using a rental concession. Now, when the rental market is strong, rental concessions are not often used. So when are they used?
A rental concession is when a landlord compromise on the original rent to get a tenant to move in quickly. They are a kind of a rebate offered to a tenant to get them into a rental property quickly. It could be in the form of monetary compensation, a service, physical good or a discount.