Adding Up the Impact of Rent Concessions

While a concession can be a problem solver, there are financial implications that should be considered.
Image from Multifamily Insiders

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.

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