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Updated over 3 years ago,
Rental Term Question
Hi BP! I have a SFR rental in Austin and it is currently occupied by 4 roommates, and their lease is up at the end of July. 3 out of the 4 tenants would like to renew their lease, and they found a fourth roommate to cover the vacancy. The new tenant doesn't want to move in until October 1 because of her other lease, and the tenant who is leaving agreed to stay an extra two months to cover the delta. Would it be beneficial to me to have them do month to month for 2 months, then start a new lease starting Oct 1? My hesitation there is that I know summer is a great time for people to move so if they decide to not renew next year it could be easier to fill the spot in August rather than September. But, I also get two more months committed if we go through September. What would you do?