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All Forum Posts by: Nadir M.

Nadir M. has started 64 posts and replied 437 times.

Quote from @Nathan Gesner:

You have to learn to control the situation. It's your property. Whether they are decent tenants, terrible tenants, or excellent tenants doesn't really matter. It's your property and you set it up to get what you want.

As others have said, this is market dependent. You typically want summer turnovers because it's easier to find a new renter for a full year at a higher price, but your market may be good throughout the year. Knowing your market is key to making this decision. 

I made it easy on myself and my employees by setting a policy that maintains control without having to think about it or negotiate with the tenant. 30 - 60 days prior to a lease expiring, I let my tenants know their lease will expire on [DATE] and I offer them three options:

1. Renew for an additional year at a rate of $XXXX ;

2. Extend on a month-to-month basis at a 25% increase; or

3. Give notice of termination.

I give them ten days to decide and return the form. If they fail to respond with an option, we automatically send them notice of termination and expect them to be out by 11:59PM on the final day. Easy, peasy. 


 This is great information. I do find it a bit difficult to not work with tenants to help them transition into either a new lease or give them time to find a new rental. One was getting married, one was accepted into med school in AZ and the other is moving out of state. I feel like it’s a win win for all of us as I’ll still have house become available mid summer. 

What I’ve decided to do is have them stay until end of July and property needs to be ready for immediate occupancy starting August first. I increased rent for June and July and tenant agreed. They then said that they’re okay with leaving mid July. While trying to occupy my other rental, for qualified tenants, I will advertise that i have another rental coming  available August 1st. 

Also, I have another tenant that is leaving the first week of June. How and when would you start to advertise house for sale? When would you make it become available? 

Yes I love that idea. I had that in mind to secure two tenants while trying to lease the first. They’re quite a distance from each other but could work. 

Where is everyone’s market. Mine is in the nebraska. 

I currently have a rental property in the Midwest that’s is about to become vacant. Lease expired last month but tenants chose to stay month to month through May. They’re currently asking me if they can stay through July and potentially August. They’re great tenants, they pay on time, I’ve had no issues. The house is in a decent location. I would say B- to C+ neighborhood.  The issue I’m facing now is that I do not want the property to become vacant end of Summer as I feel that I would have better chance of securing a great tenant in the beginning of the season. I have another property that’s about to become vacant as well end of May. With how the market is going I feel like I shouldn’t have a problem renting and will potentially get more rent, and more importantly a year long lease, instead of waiting until September which will make it harder to find the quality tenant  that I usually screen for. No sure if they tenants will asked to renew for a year after August. 

Wanted to get everyone’s opinion on this situation. What has worked best based on experience and should I really be concerned about property becoming vacant in September? Any help is greatly appreciated. 

I’m emphasised that no smoking allowed again. He said he uses candles daily and happened to be on during the walk…I question it but house didn’t reek and there was no visual damage to walls or paint. Also, tenant explained this is his inventory and he collects shoes and sells some from time to time. He said it was strictly online and would never allow anyone in as he fears for possibility of theft. I agree. I told him that I will write an addendum that all business to be conducted online and if he signs I can continue to lease to him. In terms of candles, I agree I can’t be the candle police so I’ll have to take his word for it. I do feel like it would smell worse and candles will not mask it. 

Thanks for the reply. To my knowledge, it was lit during the walk through. What concerns would you have with that? Also, how would you write up your lease in regards to a business being run inside the house? 

Good afternoon 

Did a yearly walk-through with one of my tenants and I found that he is running a business in my property. This is a clothing and shoe business so nothing illegal to my knowledge. I believe he is running the business strictly online. No where in my lease does it say that no business can be conducting. I’m thinking of adding an addendum to make sure that for next years lease, he know that this can only be conducted online. Thoughts? Should I be worried? 

Also, the tenant does smoke. It was made clear that smoking can not occur inside the rental. During the walk-through, they lit many candles. When asked about it, they said they like keeping the house smelling fresh. Not sure if I buy it, regardless, having that many candles is a fire hazard. I heard some Landlords have a clause saying they can’t light candles. I mean this tenant always pays on time. I’ve had no issues. What’s everyone’s thoughts on what my next move should be

Thank you 

@Joe S.

This wasn’t a flip for me…it was delayed brrrrr. Costing me about 5k to refi two homes…not bad