Do I ride out the 7 more months of getting paid 5-15 days late and then not renew?

At present I am writing this post with a strange mix of a heavy heart and bright eyes.I must admit that once again a thread composed of the thoughts of investors so further along in the industry than I, has left me in a bewildering mixed state of melancholy and renewed exuberance.It has been made abundantly clear to me in short order as well that in the ecosystem of REI I would be likened to something like a near defenseless sea cucumber who expels their insides when they get freaked out in a mostly vain and benign means of defending itself.

Is there any good reason to renew it?

Then big picture, under fifty bucks or so, I take a few lumps for the larger rent check and long term happy tenant....could be penny wise pound foolish to come down too hard as they may not renew.....if you are the helpful guy who saved the day, they may stay a few years..

They say they are happy and want to renew their lease but with only a $50.00 increase and locked in for 1 year.

30 day or earlier notice that you will not be renewing for any term at the end of the lease. 

My FIL plans to give the tenant a 60 day notice stating he will not renew a lease with them.

I should have just paid someone to do it.Luckily for me, having one side rented is barely a loss so I wasn't too hurt by this.The one tenant I inherited signed a lease renewal in September, and I just signed a one year lease in November for the other side.I think one of my biggest problems may be having people take me serious (I am pretty young, and look even younger).

Just give notice  you are  not renewing the current lease and a new lease needs to be signed.

I have a Renew/Vacate form that has the tenant circle one of 2-3 options.Option A Renew at M2M at 15% short term rental rate Option B Renew lease for one year, with either same rate or modest increase (if increasing base rate, option A is based on the new long term rental rate).Option C Vacate premises within 30 days.Notice sent out 60 days before hand, tenant required to return on or before 30 days or Option C is the understood agreement.