That said, I've seen many of these carriers are pulling away from habitation exposures (non-renewing a good portion of that business).  

Out of my 32 properties, I’ve seen insurance rates drop by up to 40% on renewals, and property tax increases are finally slowing down compared to the crazy jumps we saw over the last five years.

My requests for other matters through MFM have gone nowhere and even after requesting a refund and some help with Prime they sent me a video and an email with a special offer to renew for another year.

So we either sit tight or we don’t renew the tenant so that we can place a new tenant at current rates.  

Hi,I recently had a claim under my insurance and they don’t want to renew it. 

Should you choose not to renew your current lease you will only have to pay the difference of the last month’s rent you originally paid. 1750-1495= $255.Current Rent: $1,750Increase: $119New Rent Rate: $1,869This increase takes effect the 1st day of November, 2023.We’ve been happy with you as a tenant and hope you continue to stay with us for a long time.

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

Without rent control i either raise their rent far above market rents so they give me notice (my preferred method) or i simply do not renew their lease.

This ensures the landlord is notified any time the policy is changed, canceled, or renewed, making it easier to track without relying on the tenant.The difficult part is enforcement.

I would also make tenants start paying water, as soon as their lease renewal comes up, with a flat monthly fee.