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 over 10 years ago,
Month to month vs. Yearly leases
Hi all,
I'm just starting to get back into the RE game. I currently have a duplex in addition to my primary residence. I'm working with a realtor now to add another rental.
One of the things I feel pretty strongly about from my experience renting my duplex (since 2008) is that I am a huge proponent of month to month leases. I am of the mind that if a tenant does not want to be in my property then I don't want them there. This seems to fly in the face of most opinions on this site.
So obviously turnover could be higher, and that turnover could come at inopportune times (December), but is that really enough for me to reconsider my philosophy? Isn't the hassle of a messy eviction at least as bad?
Thanks!