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Updated about 5 years ago,
How to avoid lease renewals in winter?
After a successful rehab, I am about to put my rental property up for listing. Of course, timing is less than ideal given we are in the middle of winter when the rental market is very slow moving. This is also less than ideal when thinking about rent increases when the leases are up. I am wondering what strategies you are following in that instance. I have heard several investors mention either 6 months or 18 months term leases, which would push the renewal into the summer months. Both seem to be challenging either I have to pay my PM lease renewal fees after 6 months again or it will be difficult to find tenants who would be willing to lock down a 1.5 yrs lease while still paying rent on the higher end. Any thoughts or recommendations? Thank you!