Posted on September 23, 2009 by admin

As landlords, it’s important for your rental property to be occupied at all times. Vacancies mean lost of income while frequent tenant turnover can mean big expenses for repairs. Not to mention marketing expenses to search for the perfect tenant and holding cost. Due to the number of homes on the market, renters have a huge selection of rentals to choose from. A number of times, it works well to offer incentives for your new tenants. For example, I know a tenant that was searching for a place in the Charlotte area and he found a fully furnished townhouse available and the landlord said if he was to pay 3 months upfront, he would give him 3 months free. Now this is a bit extreme then what I would offer, but this shows you that deals are out there for tenants.