At the very bottom assets tread water so you do not have much cash flow but as they recover the asset fills  up and you get cap rate compression and the market cycles down to cap rate peaks for that asset class.You can still get cap rate value by value add deals for lease up, leases coming due on national tenants in a few years where you take a chance on the option renewal, or building new from the ground up so you own a 9 cap you can sell for a 6 instead of buying a 6 going in.   

Hi all, I wanted to get your opinion whether it's a good idea or not to have all of your leases renew and expire within the busy months for the season - May through August.

I am about to renew my rental property insurance, and any recommendation will be appreciated. 

Landlord Permits not renewed within 60 days of the annual renewal date will be subject to triple permit fees"Basically if your tenant breaks the lease and your rent again it's another $75.00  If we don't send you notice and you don't renew withing 60 days of lease renewal that's $275.00  And by the way know you besides your day job, knowing some rental law, rental tax code, maintenance, business administration,  Delray beach wants you to know the City Code and be in full compliance with all ordinances.This would be okay but the Cities never make the City Codes or Ordinances readily available.Sorry for the rant but enough is enough and we need to protect ourselves with a large, hopefully powerful, Real Estate Investor Association.

There of course are going to be other fees such as lease renewal, landscaping, snow removal, eviction and repairs.

Anyone saying otherwise is just trying to artificially inflate their NOI.Wayne:  I'm shocked ... and your accountant would be as well ;-)Maintenance expenses - small repairs, painting, other things that can be expensed in the current fiscal year  - are valid operating expenses and should go there.A capital reserve - is an allocation for the {eventual} replacement/renewal/improvement of items that will be capitalized and depreciated with the rest of the property (roofs, HVAC, plumbing fixtures, windows, doors, etc).  

If the tenants are on month to month just notify them with the correct window, in my state 30 days, and tell them you are not renewing thier lease and they need to move.

Sounds like it may make better sense to shop around for the best quotes on my policies (at renewal time?).  

What happens if they cannot renew the tenant?

What happens if they cannot renew the tenant?