The Multifamily Wealth Podcast #201: How To Be PROACTIVE When Leasing Units... Get On The Right Leasing Cycles!
In this episode, we discuss the importance of offering multiple leasing options and incentives to prospective residents. We dive into the strategies used by sophisticated multifamily owner-operators and how they can be applied to maximize success in your own business.
If you're currently leasing units in the winter, I highly recommend considering 18-month leases to incentivize residents to stay longer. I also touch on the option of shorter leases, such as six or nine months, to help you get on a better leasing cycle.
In this episode we discuss:
- How can you lease your vacant units like a pro during off-peak leasing seasons?
- What lease terms should you offer to put yourself in a position to lease most units during the peak season?
- How can you model your operations and asset management after the best operators in the country?
- How can you incentivize applicants to sign longer lease terms without losing rent?
- What strategies do sophisticated multifamily owner-operators use to lease their units?
Struggling to find good multifamily deals? Looking to close deals with less of your own money? Want to operate like the pros and maximize the cash flow of your assets? Join The Multifamily Wealth Community, where we help multifamily investors start, build, and scale their businesses… specifically, those looking to grow from 1-10 units to 250+ units.
Are you looking to invest in real estate, but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners provides investment opportunities to passive investors looking for the returns, stability, and tax benefits multifamily real estate offers, but without the work - join our investor club to be notified of future investment opportunities.
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