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19 April 2024 | 5 replies
I want to put in place some incentives for new tenants and want to know if anyone on BiggerPockets has done something similar.Here are a few ideas I have had:First Month Free: Sign a 13-month lease and get your first month freePets: No pet fee for the first 6 months, year, etcRent Discounts: Offer a discounted rent for the first month or two fortenants who sign a pre-lease agreement before a certain date.Waived Fees: Waive application fees, administrative fees, or securitydeposit for tenants who pre-lease.Free Utilities: Offer to cover utilities such as water, electricity,or internet for a certain period for tenants who sign a pre-lease.Upgrade Packages: Provide upgrades or amenities such as free parking,access to a fitness center, or a smart home package for those whopre-lease.Gift Cards or Vouchers: Offer gift cards or vouchers to localbusinesses such as restaurants, cafes, or grocery stores as a signingbonus.Flexible Lease Terms: Offer flexible lease terms, such as shorterlease lengths or the option to renew at the same rate, to incentivizetenants to pre-lease.Refer-a-Friend Program: Encourage current tenants to refer friends orfamily by offering them a reward if their referral signs a pre-leaseagreement.Early Move-In: Allow tenants who pre-lease to move in a few days earlyat no additional cost.Guaranteed Parking: If parking is limited, offer guaranteed parkingspots for tenants who sign a pre-lease agreement.
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19 April 2024 | 5 replies
It's a thrilling and rewarding world, but it can also be overwhelming for newcomers.
19 April 2024 | 3 replies
Your expertise and insights would be greatly appreciated in helping me navigate this decision.Thank you for your assistance.
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19 April 2024 | 11 replies
@Kerry Baird what about heloc for downpayment on a higher budget (higher reward) project funded by HM?
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21 April 2024 | 41 replies
Mad props to you Jorge for weighing in with your expertise and total cost ballpark estimate!!
18 April 2024 | 12 replies
.- Can help finding, or being, the property manager.Time and expertise are my largest constraints.Capital and motivation to put that capital to work and my best assets for this specific scenario.This can be a great relationship leading to dozens of deals if we do it right.However, I do not know where to go.Please help.
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18 April 2024 | 4 replies
Whether it's hidden gems or established areas, I'm open to exploring various options.Here's where your expertise comes in:- Promising Markets: Based on your experience, which areas offer compelling opportunities for cash flow and appreciation within the $150k range?
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18 April 2024 | 1 reply
Your expertise and experiences are appreciated as we navigate this new venture.
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18 April 2024 | 18 replies
Quote from @Michael Potorti: Analyzing areas around Columbus OH for purchasing duplexes and SFH for appreciation / cash flow - would like to stay in $100-200k range - any insight on where to target and areas to avoid are appreciated.There’s definitely some areas to target but like all things it depends on your risk and reward gauge.
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18 April 2024 | 6 replies
@Manny Vasquez @Josh St Laurent Thank you guys for your expertise and leading us in the right direction.