Chris is spot on here, the new law is going to be in effect from Friday first of November.

Love that idea and I'll feed that in to the Seller. sometimes you have to fight fire with fire and I’m not 100% familiar with New York laws, but I’m pretty sure they have squatters rights therefore, the other squatter wouldn’t be able to do a thing about it.

If your local law allows it, see what everyone else is doing and go by the norm. 3 months rent is a substantial amount for some, but really helps ensure the financial quality of a tenant.Sometimes I have immigrants who apply who work their tails off and can't afford the 3 months up front.

You need to consult your local laws to see what the legal amount of time is and decide for yourself if that's "reasonable."

Happy tenants are more likely to renew leases, reducing turnover costs and vacancies.Legal Compliance: Property managers ensure compliance with local, state, and federal laws, including regulations on rent control, fair housing, tenant rights, and eviction procedures.

But with this new law in place , is there even a benefit for month to month lease since I cannot do much anyway in terms of getting the tenant to move out.

Yep, the non-disclosure law in Mississippi is a pain.

The fact that this is a growing technique indicates how unfair the Landlord-Tenant laws are.

It depends on the state laws where the property is located.

Here's the actual law with the important part underlined:§ 55.1-1251.