Jul
Concessions: They Will Gain You Tenants!
Posted in Mortgages, Renting | No Comments »
Back in the day, it used to be that the homeowner or the landlord made all of the rules. Nowadays, with people constantly trying to gain new commitments and tenants, it is the tenants that actually make the rules nowadays. This is where you as a landlord really need to take some charge and certainly make sure that you give potential renters some concessions.
Concessions are keeping a lot of business afloat and if you are looking to draw up some new contracts for renters, you are going to have to come up with some concessions.
Now, concessions could be anything from your cancellation policy and being lenient on that or simply adding in some short term fixes that might save your tenants some money. You could also reduce your rent or match some of your competitor’s rental properties.