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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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18 April 2024 | 18 replies
I looked at a house today that would easily be subdivided into a 2/3 bedroom home and a 1 bedroom apartment. But we could not personally afford the mortgage on this place without a renter. Do I keep investigating or s...
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23 April 2024 | 30 replies
Just look at smart corporations; when it makes sense, they issue debt, and when it doesn't they buy it back.
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18 April 2024 | 4 replies
I've upgraded to smart lock (pin code with key back up) for my LTR.
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18 April 2024 | 4 replies
She's smart, experienced, kind, and she's licensed to practice in both SC and GA!
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18 April 2024 | 10 replies
Also, it may be smart to consider the differences in the rental rate if you were to decide to shift strategies to an STR or LTR one day.
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17 April 2024 | 2 replies
New builds in Florida are a smart option because they will have much lower insurance right now, but that also means the cash flow will be lower and appreciation stunted for a while.
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21 April 2024 | 240 replies
His success come from his investors success... the people that work for OCF thrive off of his energy and he has tons of it... oh to be young and passionate... and smart.
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18 April 2024 | 26 replies
I feel pulled in both directions - go all in on a good deal or be smart and wait for the next one because I am pretty leveraged (and tired) as it is?
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16 April 2024 | 1 reply
The ability to envision the transformation of the oversized garage into livable space added significant value to the property.Financing: Using a 10% second home loan is a smart way to finance a property that you plan to use partially for personal enjoyment and partially for investment purposes.