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Updated almost 8 years ago,
Month to Month after a year lease...why?
I was discussing with my PM company about writing new leases for two great tenants this year. The PM company told me they usually go month to month after a year's lease. She said it was easier to raise rents that way. I thought back to the days when I rented, and I remembered that most of my places went month to month after a year. Why is this practice so prevalent?
These two tenants are solid gold, responsible, quiet, pay on time, good job, no drama tenants that I really, really want to keep