All Forum Posts by: Kurtis Marsh

Maine law require the landlord mitigate tenants losses when they break a lease. This means you have to actively be trying to rerent which you are so tenant is required to continue to pay the rent, and any utilities they're responsible for under your lease, until new tenant takes over.    You can charge for actual expenses you incurred IE advertising, credit reports etc as well

Most leases are specific on what landlord requires when tenant breaks a lease as the more specific the better chance the tenant meets the requirements  IE management placement charge, ELT (early lease termination fee) instead of just stopping the paying of their rent and allows you to not spend your time without repayment for your efforts

Rental market is crazy tight so 60 days should be doable to rerent unless something is wrong with apt, you chosen advertisement strategy or your rent amount.   

Corinna Maine - 15 Pad mobile home park that includes 13 park owned homes. Park has been well documented income and expenses (owner has detailed expenses and no issue providing taxes). This is an older park but well run park. Homes range from oldest a 1968 to 90's homes. Income is $86,803 and NOI of $47,251 (this is with expenses including Mgmt cost of $9,400) so good potential. Owner currently lives on site in 1 home (pays no rent) and does own lawn and snow but rent from his unit should cover the additional lawn and snow cost if owner wasn't on site. Listed with Kurtis Marsh Realty of Maine 207-974-6606. Price $269,900