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22 April 2024 | 9 replies
I always do one year leases and ask my tenant to renew a new one year lease.
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22 April 2024 | 14 replies
That's a giant red flag for that grocer potentially declining to renew their lease, vegan gluten free customers don't want to walk through a cloud of cigarette smoke to get to their ethically sourced non-GMO organic avocado, and obviously the "no smoking within 50 feet" sign is going to be ignored by the customers of that neighboring business, who are all a bunch of smokers.
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20 April 2024 | 0 replies
Then filed a non-renewal in july.
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19 April 2024 | 6 replies
I recently was notified that the insurance policy for my property is not being renewed.
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19 April 2024 | 8 replies
When is her lease up and can you simply not renew it?
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20 April 2024 | 6 replies
I believe I read a story where someone was purchasing a multi family and the seller ran to the tenants and renewed the leases that were expiring in a couple months at the then current (below market) rent.
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19 April 2024 | 4 replies
My current HELOC matures 12/31/2024 and I'm thinking this bank will not want to renew the loan (I'll verify this of course) because I've accumulated rentals over the years, and now I have quite a few mortgages.
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18 April 2024 | 5 replies
I want them out and not renew the lease.
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19 April 2024 | 5 replies
I want to put in place some incentives for new tenants and want to know if anyone on BiggerPockets has done something similar.Here are a few ideas I have had:First Month Free: Sign a 13-month lease and get your first month freePets: No pet fee for the first 6 months, year, etcRent Discounts: Offer a discounted rent for the first month or two fortenants who sign a pre-lease agreement before a certain date.Waived Fees: Waive application fees, administrative fees, or securitydeposit for tenants who pre-lease.Free Utilities: Offer to cover utilities such as water, electricity,or internet for a certain period for tenants who sign a pre-lease.Upgrade Packages: Provide upgrades or amenities such as free parking,access to a fitness center, or a smart home package for those whopre-lease.Gift Cards or Vouchers: Offer gift cards or vouchers to localbusinesses such as restaurants, cafes, or grocery stores as a signingbonus.Flexible Lease Terms: Offer flexible lease terms, such as shorterlease lengths or the option to renew at the same rate, to incentivizetenants to pre-lease.Refer-a-Friend Program: Encourage current tenants to refer friends orfamily by offering them a reward if their referral signs a pre-leaseagreement.Early Move-In: Allow tenants who pre-lease to move in a few days earlyat no additional cost.Guaranteed Parking: If parking is limited, offer guaranteed parkingspots for tenants who sign a pre-lease agreement.
18 April 2024 | 5 replies
The owner portal is limited; I can download my 1099 but not view detailed expenses.A significant issue arose recently when I explicitly documented a request for them to consult me before any tenant lease renewals.