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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.
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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 | 17 replies
No "headaches" except for risk of near total loss of principle unless I put more money in...I'll take the risk of a project that I need to complete personally in exchange for a near-perfect risk/reward profile and complete understanding of the investment.
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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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17 April 2024 | 3 replies
We'll typically pay $25-50 each time we have to schedule a group viewing or inspection, delivered as an e-certificate from either Longhorn Steakhouse, Red Lobster, or Amazon.Works like a charm!
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18 April 2024 | 54 replies
@Kristi Tietz Even if you charged some ridiculous amount of points I can't see how this would be a good risk vs. reward ratio for you.
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18 April 2024 | 11 replies
It's a ton of work and the reward is a lower acquisition price because there are no commissions to be paid.
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17 April 2024 | 1 reply
I have a team of trusted professionals ready to assist you wherever you may be.I'm incredibly passionate about helping individuals like yourselves embark on their investment journey, and I'm dedicated to making the process as seamless and rewarding as possible.
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16 April 2024 | 0 replies
Purchase price: $90,000 Cash invested: $10,000 Cozy and charming 3 bedroom 2 bathroom on a half acre in Rogersville TN. 3 minutes from Cherokee Lake.