As vacancies rise, some landlords are offering one-time concessions to attract renters, instead of cutting rents, according to a new report from Redfin.
The most common concession being offered is a free month of rent, followed by help with moving costs and free parking. Landlords are also offering shorter lease terms and are being more flexible with move-in dates.
While these concessions can help attract tenants, they can also add to a landlord’s costs. And, if concessions become the new norm, they could eventually lead to higher rents.
You can read this full article at: https://www.housingwire.com/articles/though-rents-are-near-an-all-time-high-some-landlords-are-offering-deals/(subscription required)
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