Re: Does anyone use Rental Discounts? - Posted by Bert G
Posted by Bert G on March 27, 1999 at 21:27:58:
I started offering rent discounts this fall, and it seemed to work for the tenants who were on time anyway. Even a late penalty hasn’t motivated the others.
I’m going to experiment with a rebate for a new tanant that just moved in. If a tenant is in the habit of sending in the discounted rent, if they’re late, they still might send the lower amount. I’ve set up now that they pay the full rent, and if its early or on time for 3 months, they get a rebate. (The software I use should make that easy, it shows rent due and current balance, and will account for early pay discounts.) If I have to send a late notice, they lose the rebate for that quarter, and if I have to send 2 late notices in a 12 month period, they lose the rebate forever. We’ll see how it works.