I would have never renewed the lease after the first year.3.

@Joaquin Reyes did your renewal lease also include a required notice to vacate if tenant does not sign?

It could even wait until it is getting close to lease renewal and you do an inspection to know if you want to renew the lease.

Despite having Zero claim history, my carrier issued a "non-renewal" notice for my properties in the western-Chicago burbs.

Obviously this is way below market, surprisingly there are a lot of below market rents out there. 4 months before the lease expired I informed the tenant in writing that the new rent if they chose to renew would be $750, a $200 a month increase. 

This is incredibly useful for enforcing lease violations and fees for missing renewal deadlines.

WE are cash flowing in current state ~$1,500/month after we renewed 2 of the 3 tenants on long term leases during due diligence.

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.

Hello,I am currently in need of renewing my insurance for two rental properties I own in Detroit, MI.

@Andy CaseyThe lease controls renewal/non-renewal.