Month to Month Rent - how to price it

[Yulia Kaygorodtseva]

How to price a month to month rent price? My tenant's lease is expiring in a month and he is asking me how much will be a month to month.  1 year I was pricing at $1450, for 3 beds/2baths house in Texas. 

do I add like $250 on top of that for the month to month? $200?

thank you!!

[Jonathan Makovsky]

@Yulia Kaygorodtseva do you want them to stay?

If yes, maybe you want to raise it to market rents or a few points higher than where you're currently at so that they stay as long as possible without committing to another year lease as @Robert M. mentioned.

If not (and taking local legal laws into account), then you might want to raise them well above market so they get out soon.

Other considerations, it's a fairly hard time to find renters so you might want them to stay another couple of months before the spring market and renters start looking.