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Updated 10 months ago on . Most recent reply
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1-year lease or month to month?
Bought my first property: end unit condo class A and looking for first tenant. My cousin who has 3 rental properties manages his own units and has all rental agreements on month to month and has all long-term tenants. His reasoning: easier eviction should tenant default. Knowing the rental increase in California is regulated, I am not intending on raising the rent for at least a year if at all. Does is make sense to structure rental agreement as MTM or 1-year lease??
Most Popular Reply
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@Jennifer Wong I have changed my leases to 11 months to avoid locking them in as permanent tenants after 1 year. If there are any issues with the tenant during this time you can evict easier. Most tenants may not accept a month to month lease.
Good Investing...
- Joe Homs
- [email protected]
- 949-625-4533