Getting residents to swallow a rent increase has never been easy; but it’s more difficult now than ever thanks to today’s economic market conditions. In order to successfully increase rents, your team must be ready for battle. They must understand why the increase is necessary and be confident in explaining it, over and over again. […]
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‘Rent Increase’
Note from Tami: Still true today! Grow Taller 4 Idiots By Brad Marting, CPM, CAPS 2000 It is often said that establishing maximum rental rates can determine the success or failure of a multifamily housing investment. But it is more often said than done. Historically, rents have been increased based upon overall occupancy percentage. […]
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