month to month lease VS. Annual

[Thomas H.McNeill]

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

[Andrew B.]

Many landlords only offer month to month leases because it allows you to get rid of a bad tenant if need be.