All Forum Posts by: Brett M.

I guess the upside for option B is they they could get a little short term cash but then they resign they will be hit with a larger bill.

Yep I just asked them I can do it the two ways

A) transfer over previous last months rent plus the rent increase

or 

B) when they resign charge them a new first and last months rent.

I had my tenants pay first and last months rent wen signing plus a security deposit.

Their year is almost up and they would like to resign. I gave them notification that I will be raising rent on this new contract.

Should last months rent that they paid in the beginning just get transferred to the new contract plus the rent increase? They were asking about not paying rent for this month since they already paid for it but then the would just have to give me a new last months rent on the new contract. Am I correct in this thinking?

I'm attracted to living in a waterfront home except all the ones in my area are mostly large homes and I don't want or need 2500 sq ft plus to just myself. A lot of these house have little 500 sq ft boat houses with a bathroom and shower.

Would it be crazy to buy one of these homes to rent it out and live in the boathouse?

My one main concern is a lot of these homes would rent for quite a bit of money and I'm kind of wondering if these higher end clientele might steer away from a property like this with the landlord living nearby.