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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 don't think we will pursue this house since it is outside our price, but if we did I would certainly be making the extra space into a suite.
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18 April 2024 | 27 replies
The only way that I see it paying off is if you hold onto the property for YEARS, then maybe you will start to see your ROI but until then, it's just an extra burden that you would have to worry about.
18 April 2024 | 2 replies
I wouldn't take advantage of the situation, but I would consider throwing an extra 20% on top to cover unforeseen expenses.
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18 April 2024 | 5 replies
Hey @Melissa Hunter, Title companies will not provide you with seller leads.
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18 April 2024 | 16 replies
This is why I highly suggest hosts check into the info Justin Ford has, and the educational videos and course he provides.
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18 April 2024 | 2 replies
This is a turnkey investment, and I would appreciate it if you guys could provide me with answers to the following questions.1.
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18 April 2024 | 33 replies
Fast-forward one month to today, I still have heard no word from Philadelphia L&I (even after calling/e-mailing) and I'm ready to start renting it out, but one problem:"The Philadelphia Property Maintenance Code (Section PM-102.6.4) requires an owner offering residential property for rent to provide the following to the tenant at the inception of each tenancy:A Certificate of Rental Suitability issued by the Department of Licenses and Inspections no more than sixty (60) days prior to the inception of the tenancy.A copy of the “City of Philadelphia Partners for Good Housing” brochure issued by the Department of Licenses and Inspections....."
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18 April 2024 | 4 replies
I’m sharing the email content that I have provided to Folsom & El Dorado Hills, California investors which I work with.
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17 April 2024 | 10 replies
However they more or less just wanted to do it for that extra buck in their account where I wanted to take my portion and start utilizing it for more investments.