Logan M.
Pre-Lease Signing Incentives
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.
Aaron May
Championsgate vs Reunion for short term rental investment
20 April 2024 | 9 replies
Hoasty.co does free AirDNA reports you may want to leverage, and you can submit an unlimited amount of units to get the data.
William Coet
Multifamily Prices so High that Only Cash Makes Sense, But Why Not Put Cash in CDs?
21 April 2024 | 47 replies
Jason these problem can be visualized like these:a) Cheap Money regimeb) Expensive money regime (post 22) Then we do have always options for investment :a) liquid cash investmentsb) stock / bond portfolioc) Equity residential investmentd)Debt investment There's recent survey from Citigroup that showing a family office has different strategy when financial condition is moving from cheap money to expensive money regime, for example, during 2010-2022 cheap money regime, it's not difficult to be agressive in equity investment (such as buying rental) as spread is huge (6-8%) ; but during expensive money era, like someone also mentioned above, the spread is only 2-3% now.I can always generate 8-9% "almost safely" with public interval fund or BDC while equity is also offerig something like 8-9% IRR, so between debt investment and equity investment , is not big of spread.
Kunal Lakhwani
Theft in vacant property
17 April 2024 | 2 replies
My property was broken into and there are signs of drug use, copper pipes were stolen, appliance control boards stolen, damages caused, camera system was stolen too, and much more.How does insurance look at this?
Ana Vhan
What would 1031 exchange look like in our scenario
19 April 2024 | 2 replies
But now you also have a free and clear property with equity concentrated.
Preetinder Singh
KW vs Coldwell Banker
17 April 2024 | 15 replies
I hope it's useful.BTW, for me it was down to KW or the Bean Group (a regional player with 30-something offices.
Akeem Watson
House hacking in Chicago neighborhoods
19 April 2024 | 10 replies
@Akeem Watson is shared this post with a few brokers in our office who might have inventory coming up that you can check out first.
Michael Alexander
The Offer Sheet
19 April 2024 | 10 replies
The website is called The Offer Sheet and you can get a limited number of properties for free but to get access to the full list to pay $200 a month with the promise of 9-12 unique properties daily.
Account Closed
Flippers, how did you figure out accurate pricing/negotiations with contractors.
21 April 2024 | 29 replies
You might have to pay for a detailed estimate, but sometimes you can get them free.