Updated about 8 years ago on . Most recent reply
month to month lease VS. Annual
My first question here....but I wanted to wait until I actually 'owned' a rental income property rather than be seen as a "I'll get in the game soon big talker" :)
The dilemma or situation is certainly not dire - I have a great job and W2 in Boston and purchased back home in Central New York. Better market for ease of entry and my price range! $$
backstory: 3 bdrm 2 bath vacant for now - which I can afford and BOS but ideally (obviously) not for long. One of the first great applicants has offered $200 MORE monthly rent in exchange for month to month. Tempting, but since i dont want it to be all about the money it would seem theres a dangerous 'catch' here. Great references and ability to pay on time from previous landlord.
Since CNY is not ideal for winter moves my plan was to have a lease go to August or September and then switch to an annual lease.
Any words of wisdom here?? Many thanks
Most Popular Reply
Many landlords only offer month to month leases because it allows you to get rid of a bad tenant if need be.