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Updated about 2 years ago on . Most recent reply
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"Pre Emptive" strike
As most would agree, our economy has not been the best it's ever been. Rising gas prices, rising interest rates, and a high probability of a recession has made things a little harder to bear. Nevertheless, people would still need a place to stay, and if they could not afford to buy a home, they more likely would have to rent one. I currently have one SFR with a renter regularly paying till his lease expires in April of next year. To ensure myself of a regular renter, I was thinking of sending him a note to revise the lease. I would offer him that I would not increase his rent so as long as he contracts to stay for at least 2 years more. I believe by doing this, I would assure him that his rent price and location is secure and in turn it would assure me of continued rent payment. What's everyone's opinion on this.