Marcus Hiles Notes Best Leasing Practices For Tenants

When a prospective resident asks specifically for a popular floorplan, their odds of receiving a higher rental rate jump due to the software designed to help landlords generate more profit. On the other hand, if that person asks the landlord what floorplans they have available without noting exactly what they’re looking for, the rent price may decrease. A New York Times report shows that technology such as yield management software, can actually be used to the residents’ advantage as well. “Just as travelers can lower their airline fare by flying at off times, residents can often lock in lower monthly rents by agreeing to lease terms that help apartment owners avoid downtime or fill less popular units.” In light of this, Marcus Hiles recommends that renters look at beginning leases in an off-season, including late autumn or early winter.

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