General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 2 years ago,
start new tenant with MTM or year lease
Hi BP family, Does anyone start off a new tenant with a MTM term or maybe a 3-6 month lease before committing to a full year lease ? In an effort to make sure you are happy with the tenant and is a good fit ? I Have a vacancy coming up and we are new at the screening process so was thinking a short term start with someone that passes the basic checks IE ( income, criminal, evictions etc. ) would be a good idea but didn't know if that may effect the quality of tenants I have apply for the apartment. As a landlord I like the comfort of a yearly lease but wondering if a shorter "trail" period would be wise and if other LL would prescribe to this approach.
Any feedback or experience is greatly apricated !