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All Forum Posts by: Ray Picazo

Ray Picazo has started 1 posts and replied 5 times.

Post: Long Term Lease Question

Ray PicazoPosted
  • Rental Property Investor
  • Santa Ana, CA
  • Posts 5
  • Votes 2

@Wale Lawal

Thank you for the advice, I’ll definitely look into these resources. Much appreciated!

Post: Long Term Lease Question

Ray PicazoPosted
  • Rental Property Investor
  • Santa Ana, CA
  • Posts 5
  • Votes 2

@Drew Sygit

Thank you Drew for the feedback.

Post: Long Term Lease Question

Ray PicazoPosted
  • Rental Property Investor
  • Santa Ana, CA
  • Posts 5
  • Votes 2

@Nathan G.

Thank you for the advice, this is exactly why I joined Bigger Pockets.

Post: Long Term Lease Question

Ray PicazoPosted
  • Rental Property Investor
  • Santa Ana, CA
  • Posts 5
  • Votes 2

@Lucas Howard

Thank you, much appreciated

Post: Long Term Lease Question

Ray PicazoPosted
  • Rental Property Investor
  • Santa Ana, CA
  • Posts 5
  • Votes 2

Hello,

First I would like to say I am new to Bigger Pockets and this is my first post. I have been reading and learning here for a bit and for that I say thank you to all.

I live in California and purchased my first single family in Nampa Idaho. My property management company contacted me they have a good renter candidate that is looking for a 16 month lease. There are also looking for a $200 dollar discount off what my wife and I were looking for but we will still cash flow that being said.

Sorry for the long post but my question to BP is this. Should I accept the long lease or should I go for a 9-12 month instead? We were going for 9 month originally, but this will take us to Summer 2023 which we can raise the rent then.

Any thoughts/opinions will be greatly appreciated.