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Updated about 5 years ago, 12/22/2019
Multi Unit Lease Length Staggering
Hi all,
First time poster, I recently purchased a 3 unit multi family property. One of the units is now occupied with a lease ending in Jan 31st 2021. The 2 remaining units are on the market now, what should I structure their lease term length for? Does it make sens to stagger them so that I don't potentially have all units back on the market at the same time? Should I time them for better rental months? What are the best months?
I already know that the current occupied unit renters will be vacating when their lease is over, So I know come Jan 2021 ill have to turn one unit.
Thanks for your advice.