Residential rental property owners are facing one of the worst markets in three decades. Job losses, down real estate market have pushed the vacancy rates high, and have almost doubled in some markets. This has resulted in declining rents and the predictions are that rents are going to be under pressure in 2010 and will turn around in 2011.
Aggressive landlords, property managers and property management companies are keeping their properties occupied by being flexible and adjusting to the market. Some common ideas suggested by veteran landlords, property managers and property management companies are:
1. Adjusting rents to market
2. One Month Free Rent with a 12-month lease
3. Discount on First Month’s rent
4. Free Parking
5. Waiver of Pet Deposit
6. Staggered Move-in Payments
7. Let Tenants select the paint color
8. Forgive poor credit on lease application if caused by foreclosure
Read how other landlords, property managers, and property management companies are keeping their vacancies low by CLICKING HERE
This blog post is brought to you by SimplifyEm Pay Rent Online and Property Management Software
This is a blog post for Real Estate Professionals, Investors, Landlord, Property Manager, and Property Management Companies. 8 Tips for Landlords, Property Managers to Keep Residential Rental Properties Occupied in Today’s Market is brought to you by SimplifyEm Pay Rent Online and Property Management Software
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