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Updated almost 3 years ago on . Most recent reply

User Stats

24
Posts
17
Votes
Becky Elder
  • Lender
  • Maple Valley, WA
17
Votes |
24
Posts

Long Term Rental - renew 1 year lease or go month to month?

Becky Elder
  • Lender
  • Maple Valley, WA
Posted

As a Landlord - after your 1 year lease is up with your rental property - do you typically renew for another year with the tenants or allow it to go month to month?

My Uncle that got me into real estate investing and has passed away had recommended to me that it's better as a landlord to keep it month to month because if the tenant stops paying or there's any issues - it's easier to remove them from the property.  I'd love to hear any thoughts, laws or personal stories regarding this.  

My tenants want to renew their lease and they've always paid their rent, however I get copies of the city utility bills and they frequently get behind on those.

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