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8 Tips for Landlords, Property Managers to Keep Residential Rental Properties Occupied in Today’s Market

Residential rental property owners are facing one of the worst markets in three decades. Job losses, down real estate market have pushed the vacancy rates high, and have almost doubled in some markets. This has resulted in declining rents and the predictions are that rents are going to be under pressure in 2010 and will turn around in 2011.

Aggressive landlords, property managers and property management companies are keeping their properties occupied by being flexible and adjusting to the market. Some common ideas suggested by veteran landlords, property managers and property management companies are:

1. Adjusting rents to market

2. One Month Free Rent with a 12-month lease

3. Discount on First Month’s rent

4. Free Parking

5. Waiver of Pet Deposit

6. Staggered Move-in Payments

7. Let Tenants select the paint color

8. Forgive poor credit on lease application if caused by foreclosure

This blog post is brought to you by SimplifyEm Pay Rent Online and Property Management Software

Carnahan Property Management services Woodland Hills,West Hills, Calabasas, Canoga Park, Tarzana, Reseda, Topanga, Encino, Northridge, Van Nuys,North Hills,Chatsworth, Sherman Oaks, Studio City, North Hollywood, West Hollywood, San Fernando, Granada Hills, Mission Hills, Simi Valley, West Lake Village, Agoura,Toluca Lake, Valley Village, Burbank.  Call Us at (818) 884-1500 to see if our property management services are also available in your area.