If you’re having a hard time getting your vacant unit filled, waiving the first month can bring in those highly qualified applicants. After all, how can they afford to go without one month of rent? The secret is to run this type of special when you offer a 12-month lease or longer. First Month Rent FreeĪt first glance, many landlords may not understand the advantage of running this type of move-in special. These are five of the top offers used in the rental industry by landlords and property management companies. 5 Options: A Short List Of Apartment Move-In SpecialsĬonsider these five options if you aren’t sure what type of move-in specials might be right for your properties. Landlords and property managers make the most money when they have excellent, long-term tenants and few vacancies, so offering move-in specials can be one of the first steps toward that goal when these changes affect your business.
Increased competition (the modern multi-unit property opening up on the next block). Something going on in the neighborhood (like serious road construction). 
The current season (fewer people move in the winter, especially around the holidays). Other factors that may come into play in your decision to offer move-in specials include: This is what leads to landlords offering discounts and specials to potential tenants. When the market is working against your business, you need to find ways to stand out. Something as simple as a move-in special can entice applicants to choose your rental property over similarly priced options. When there are many comparable rental properties on the market, it can be hard to stand out. However, unless the rental market is completely tipped in your favor, there’s always a good incentive to offer move-in specials to bring in as many applicants as possible so you can make the best choice. Market conditions play a role in what type of move-in specials you offer. This typically enables landlords to find tenants who are a good fit. More applicants are a good thing because that will enable you to choose from a larger pool of potential tenants. With more rental space than ever available to prospective tenants, many landlords wonder what they can do to stand out above the competition and attract the best and most qualified applicants.Īpartment move-in specials are a great way to attract attention and lead you to get more applicants than you might otherwise receive for your rental property. The reasons that any landlord decides to add a move-in special offer to their rentals vary, but some common reasons seem to show up time and time again. APARTMENTS WITH MOVE IN SPECIALS OCTOBER 2018 FREE
Why do landlords usually offer rent concessions such as free rent up front rather than just reducing the rent?. Can you negotiate rent after signing a lease?. What is a move-in special for an apartment?. 5 Options: A Short List Of Apartment Move-In Specials. Why Do Landlords Offer Move-In Specials?. Moving specials on apartments may entice new prospective tenants to apply, but is this the right way to fill vacancies? The only way to find out is to learn more: A Table Of Contents On Apartments With Move-In Specials For some, the answer to their high vacancy rates has been to offer apartment promotions for new tenants.ĭo move-in specials really work, though, and how can you incorporate them into your apartment business plans for long-term success? Learn more about why landlords use these specials, to see if they will be a good fit when renting your properties. 
With more properties than ever on the market in some areas, landlords have to find ways to make their properties and businesses stand out from the competition. Rental markets across the country can be very competitive. Wondering if landlords who offer move-in specials are onto something? Or are they just wasting their time?
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