BiggerPockets Daily Concessions Are Rising, But Private Landlords Should Never Offer Them
Nov 12, 2024
The rental market is cooling, and many property managers are resorting to concessions to attract tenants. However, private landlords are cautioned against this tactic. Instead, maintaining stable rental rates may be a better strategy for securing long-term tenants. Insights from past experiences underscore the risks of lowering prices in a fluctuating market. The conversation highlights the differences between larger multifamily complexes and private landlords, offering a fresh perspective on effective leasing approaches.
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