A couple of examples of what landlords will offer as incentives to renters include half off the first month’s rent or maybe $500 off the first month’s rent. You can offer anything you want to do, just make sure you are making the offer during a period that you know it will generate activity. If many of the properties on the market are offering incentives, you might want to do the same in order to keep your place more competitive with similar homes in the area.
One rule to keep in mind is that if you price your rental home properly, you will probably not need to do any special incentives or offers. Tenants are always eager to rent a home that is a good value, and priced correctly.
If you have any questions on pricing your rental property or offering incentives to get tenants interested, please contact us at Jim McNeeley Real Estate.