I am needing some fresh new ideas on leasing specials for lease ups. Which have been the most successful for you?
Show previous comments (5)
Guest Insider
We did an up front 2 months free. We also dropped our prices on twos and threes (that is what we have the most of) and those prices were comparable to our comps. But we just opened our doors on 4/24/24 so we had to do the drastic up front two months because traffic was super slow and because of construction delays it shortened the lease up time to 9 months. I hate that we did that special because of the issues it causes with lost revenue and I am in affordable so it could bite us in the ass they take the 2 months up front and skip on month three. Don’t know yet not there. The impact of that special is losing money now but we are filling up quickly which makes it to where we can accomplish the goal to get under the stabilized loan in 9 months. Some of my sister lease ups are offering a raffle for washer and dryer set, or 65 inch TV.
Guest Insider
We’re in a saturated market, it’s is very hard right now. Great tips everyone!!
Ross Quade
Simple...provide strong incentives to apartment locators who can fill your empty units.
Can't comment or like? Make sure to log in or register for a free account!
-
04 DecEvent starts in:
-
22 Jan
