Adding Up the Impact of Rent Concessions
- Mar 03, 2021
Rent concession dollars add up.
When we’re faced with a problem at our apartment community, rent concessions are often part of the solution.
Problem Solving with Rent Concessions
A concession generally solves one of two problems. One, we use dollars off to attract attention and remedy an occupancy dilemma. Second, we extend a financial apology for a customer service failure.
Financial Fall Out From Rent Concessions
While a concession can be a problem solver, there are financial implications that should be considered.