AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min snip
#220: Reasons To JV Smaller Deals vs. Syndicating, Partnerships, and Challenges of New Supply with David Toupin
The Multifamily Wealth Podcast
Strategic use of concessions in property management
In property management, offering concessions like free months instead of lowering rent prices strategically strengthens the rent role leading to a higher income in the future. By providing free months upfront, the bank perceives a consistently high monthly income resulting in better refinancing options. This approach allows for easier rent increase during lease renewals, building a strong financial position for the property. While lowering rent might result in quicker leases, the long-term benefit of maintaining higher rent through concessions is prioritized, especially for properties intended for refinancing within a year.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode