Creative Lease Strategies

When summer ends, a South Bay property management company may find themselves with tenant turnover. Even in some of the most desirable areas, there can be properties that may be difficult to rent. At Fred Leeds Property Management, we strive to keep our vacancy time low, while some property owners employ creative strategies for leasing.

At Fred Leeds Properties, we’ve seen some property owners and competitors use aggressive marketing and incentive offers to move units that are hard to rent. We’ve seen another South Bay property management company and private landlords waive pro-rated rent for a mid-month or early move-in. Since the alternative is to have a vacant property during that entire time, being able to offer this as a bonus to an applicant may offer an advantage.

The staff at Fred Leeds Property Management has also seen landlords offer a reduced security deposit instead of reducing rent. Since most renters worry about all the up-front costs associated with moving, this makes the financial hit more manageable at a time when it counts. These situations are ideal for a company like Fred Leeds properties to manage for landlord.