Our free rent give away works like this. We operate on a first of the month basis. As most of you, we give pay coupons with lease signing. We have a flyer in the office and give it as part of our lease packet stating that as long as the rent is paid on or before the first and is accompanied by the payment coupon (no exceptions), we place the coupon in a box and draw out a name every 4 months and give that person their next month's rent free. We automatically make coupons for those who are either pay aheads or Auto credit card customers. The dates of the drawing are posted in the flyer. Also is a statement that date of check nor postmark constitutes payment date; we are not responsible for lost or misdirected mail and coupon MUST accompany payment. It works very well, people like it and it helped in decreasing our outstanding receivables. When we pick the name, we start over and post a flyer in the office with the winners FIRST name only and the unit number.
|