NER Calculator with Concession Scenarios
Compare multiple concession strategies side by side. See how different free-month and discount combinations impact net effective rent and annual revenue.
Lease Terms
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Concession Scenarios
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Leave blank = full rent amount
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Leave blank = full rent amount
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Leave blank = full rent amount
This calculator shows one property.
Cai shows your entire portfolio.
BubbleGum BI tracks concession trends, NER by unit type, and revenue impact across your entire portfolio — with AI recommendations for optimal pricing.
Schedule a DemoFrequently Asked Questions
What types of concessions are common in multifamily?
Common concessions include free months of rent, reduced rent for an initial period, waived application fees, and move-in specials. Free months have the largest NER impact.
How do I choose between concession strategies?
Compare NER impact, face rent impression, and comp impact. Higher face rents with free months can support higher property valuations.
Is it better to offer free months or reduced rent?
Free months preserve higher face rent for comps and valuations. Reduced rent may feel less generous but can have similar NER impact. Use this calculator to compare.
How do concessions affect renewal rates?
Tenants who received concessions may expect similar offers at renewal. Tracking NER for new vs. renewal leases helps quantify this risk.