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Bienes Raices
  • Orlando, FL
282
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2,498
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Raising the rent--giving them options

Bienes Raices
  • Orlando, FL
Posted

At the end of a one year lease, does it make sense to offer them a lower increase if they choose to stay on month to month, and higher increase if they sign a new one year lease (since they would be "locking in" the price for a year this way)?

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Chris Calabrese
  • Residential Real Estate Agent
  • Mt. Pleasant, SC
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Chris Calabrese
  • Residential Real Estate Agent
  • Mt. Pleasant, SC
Replied

Personally, I would do the opposite and give them an incentive to sign on for another year, which is more beneficial to you. Charge a premium for the uncertainty of having a month-to-month lease.

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