Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago on . Most recent reply

User Stats

10
Posts
6
Votes
NA NA
  • Real Estate Agent
  • San Jose, CA
6
Votes |
10
Posts

How and When Can You Collect Month-to-Month vs Lease Rent Amount?

NA NA
  • Real Estate Agent
  • San Jose, CA
Posted
Hi all, this is my first post. My question, what is the procedure to collect a new increased rent amount from tenants? And what would you do in this situation? I have a rental property whose lease expired in August. That lease stipulated a higher month-to-month rate if no new lease were signed. On the advice of my property manager I increased the month-to-month rate and the leased rental rate for the new lease. It's been THREE months since the old lease expired. The tenants have neither signed the new lease nor increased their rental checks. The property manager has been operating under the assumption the tenants WILL sign the new lease. I have been asking my property manager repeatedly why he is not collecting an increased/correct higher rent amount. Finally he told me this week he would "send them a notice" that they were now on month-to-month terms and need to pay the higher amount. I am very confused. I thought rentals automatically turned into month-to-month after the lease expires. Also, aren't I owed back rent at this point? Details: Rental is in DC

Most Popular Reply

User Stats

2,667
Posts
1,760
Votes
Deanna McCormick
  • Minneapolis, MN
1,760
Votes |
2,667
Posts
Deanna McCormick
  • Minneapolis, MN
Replied

YOUR PM is dragging his feet.. Late notice, pay or quit, 

If you gave them proper notice prior to lease end that rent would be increasing.

You need to download your state landlord tenant laws as it seem the PM doesn't understand them or is choosing not to enforce. 

Loading replies...