This Landlord "Needs" To Raise Rent On Good Tenants Who Can't Afford ItLong-term landlords benefit from retaining good tenants rather than raising rents significantly, due to high turnover costs.
Ask Our Chief Economist: What Is a Rent Concession? How to Ask, Negotiate, and Save on Your Next ApartmentRent concessions can reduce immediate housing costs for renters but may lead to higher renewal costs.Landlords often offer concessions during periods of low demand to fill vacancies quickly.