All Forum Posts by: Tracy Zhen

Hi Bienes,

What's the finding with your local government? I assume if you are not there physically, they'll leave you with a notice at the door?

It would be great to know more as I am trying to be my own RA as well.

Thanks in advance!
Tracy

Thanks guys! You are right, no freebies! I'll investigate ways to improve the property instead.

Jon holdman, could you please explain more about the benefit of Month-to-Month lease, Vs. longer term lease, and why you prefer Month-to-Month?

Appreciate it,
Tracy

Thanks for the quick reply Matt. The renters have been great tenants, they are on time with rent, keeps the place clean, and are respectful to their neighbors. They have not complained much, except for the higher utility bills.

Maybe I'll offer free utilities for this month, which is about $250. Given that their rent is $850, it should be a good incentive. Any other ideas for incentives?

Hi,

I rented out my mother-in-law, which is slightly higher than market value. The lease is ending in a month, but I would really hope to keep the current renters as long as possible. They are just great renters.

In the last month or so, we had a few issues, eg. mainline clog, utilities has gone up a lot, the furnace doesn't always work ....

I would love to ask them to renew the lease for another year, but I'm afraid that it'll initiate their searching for another place. So far they have not mentioned about moving any time soon.

For all of those experienced landlords, should I ask them to renew a lease soon, or just let the lease to expire (and it'll automatically turn into a month-to-month lease). Your advice is greatly appreciate it!

Newbie Landlord Tracy