[quote=Hobie]I view annual increases in the higher end market ( or quality long term tenants) as nitpicking. I’m thinking contract builds in 3% increase with a 3% courtesy discount for on-time payment history or preferred tenant status, etc. Keeps good tenant happy. Now if you are renting to college kids, 3% auto increase ;)[/quote]
That’s what I feel too. and I don’t necessarily mean higher end market being expensive real estate too. just people with good quality financial backgrounds…
So is your idea something like an annual rebate program? I was thinking something like of an end of year rebate that would be discretionary, but generally reimbursed.
