by Lalitha Subbaraman

Created on: June 08, 2009   Last Updated: August 07, 2009

People who invested money in real estate are having hard time during the current recession. It's hard to sell the property, but some home owners are converting their town homes to rental properties. Some apartment rental properties are offering incentives for their apartments.

Some town home rental properties can offer the potential renters rent with an option to buy. This will create a new avenue for the rental property owner to sell their rental property in the future. It will also save lot of money regarding real estate agent fee regarding the sale of the town home in the future.

For any apartment rental property owner, it's good to have a friendly communication with the renters. So once a month casual breakfast or brunch meeting between renter and owner is a creative way to deal with the mutual concerns for both of them. Instead of being part of a problem , both rental property owners and renters can choose to find solutions together for their common issues .

Incentives for a well-kept apartment are beneficial to any rental property owner. Taking care of the interior of the apartment, like carpet cleaning, appliance cleaning by the renter, can extend the life and quality of the interior maintenance. Some percentage deduction from the total rent can provide a good financial incentive.

By allowing room for custom interior decoration by the renter within the normal parameters is a good idea. It will also save money for the rental property owner. Pet proofing the apartment or rental properties can prevent the problems regarding pets.

By providing windowsill boxes for plants can not only help renters to enhance the exterior with flowering plants but also boost the value of rental property. Regarding town home rental properties renters can be granted gardening option according to the covenants of town home associations. Gardening can bring neighbors together positively. It can also help the environment positively.

Community gardens in alleys between rental properties can provide a source for fruits and vegetables. It can create positive ties between neighbors and reduce crime. The property value can be boosted for the rental property owner.

Renters can save money by paying utility bills on time with the usage of e-payment. So disruption of services can be avoided. Money can be also saved .

Renters in the same apartment building can join together to have their common concerns (like rent hikes) heard by the rental property owner. Suggestion box can be added to attract new and innovative ideas from renters regarding the maintenance of the rental properties or town homes.

Apartment rental property can create a recreational center within the complex for children after-school activities for creative hobbies like music , arts - a positive outlet for children in the rental property neighborhood.. It will also help to develop current children as future responsible citizens. Option of carpooling or Van pooling for daily commuting or errands routine on specific schedule can save money and energy . It also helps to reduce pollution and save and preserve clean healthy environment for future generation of children.

Sometimes renters enjoy the neighborhood where they live as renters. They may even consider buying an apartment or town home in the same neighborhood or the same complex. So for these renters renting with option to buy is an interesting concept to explore.

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