Here at Pear Tree Property, we offer a $25 a month discount to new residents if they sign a two year lease. If the resident leaves before the lease is up, then that $25 a month is added to their account balance when we get a judgement. It sounds like a simple win-win scenario – the resident pays less and we have a lower turnover.
How does it pan out in practice? Does providing an incentive to sign a two year lease make sense? This post is letting out a bit of my inner stats geek, but I hope you find it interesting.
In my previous three posts, I discussed why we invest in ruralrentalreal estate. Some of you might be wondering “Kenny that’s great, but Why are you investing in the first place?” The answer is simple: passive cash flow.
At Pear Tree Property, we invest in Rural Rental Real estate. Or, the three R’s. In the previous blog we discussed why invest in Real Estate. Here I’ll talk about why you should invest in rental property.