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7 June 2024 | 3 replies
I chalked it up that he was going through some personal stuff but would not be renewing his lease, his lease ends on the last day of July.Well, a month went by and then I got to wake up to another large unhinged text of him accusing of another tenant of mine of a disgusting and sexual act in the bathroom openly in the household's group chat.
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7 June 2024 | 1 reply
For example, if it was a ten year lease starting in 2017, then you would need to honor it through 2027 - if there was also tenant options to renew then those also would need to be required to be honored.
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6 June 2024 | 8 replies
Hi everyone,I’m about to renew the lease with my tenant, who has requested a change to allow subleasing.
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6 June 2024 | 6 replies
Hey Randall,We like using Apartments.com super easy to renew leases and collect payments.
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6 June 2024 | 7 replies
Is it currently well occupied with renewals growing?
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5 June 2024 | 10 replies
But, then had: - Late fee splits- Pet fee splits / collected by PM- Leasing fee of 50% for new tenant- Renewal fee- Service fee for work done on the property- Higher fees for certain tenant conditions- Receives all interest on trust accounts- Full page of admin fees including resident liability program, benefit package, pet initiation fee, credit reporting fee, tenant lease renewal fee (in addition to renewal fee charged to landlord), lease draft fee, application fee, utility concierage service fee, legal notice service fee.
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5 June 2024 | 9 replies
I know in Oregon there are limits on how much you can raise the rent regardless of how low the rent price is and you have to pay the tenant to leave if you are not renewing their lease.
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5 June 2024 | 29 replies
Once that term is up you have to renew at the current rate.
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5 June 2024 | 8 replies
But not having someone there with the properties interests in mind to verify the work being done is quality would personally make me uneasy.I would definitely look at a local PM for the long term and then after the first year and hopefully the first round of renewals you can make a more educated decision as to whether or not to keep them around.No matter what you decide to do, congratulations on the investment!
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5 June 2024 | 1 reply
I would plan to sell this property when the tenant is no longer ready to renew.