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20 January 2019 | 0 replies
I raised rent from $800/mo to $870/mo over two renewals.
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22 January 2019 | 16 replies
How much do they charge for lease renewal?
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11 June 2019 | 2 replies
I'm only numbering the pros and cons of the 6-month terms because the 1-year term will likely be the opposite of the 6-month term. 6-month leases:Cons: (1) more turnover, may loose a good tenant if he/she is not committed for the full year, (2) costs associated in preparing property - repairs needed for new lease, (3) PM will charge more when there is turnover, (4) potentially more vacancy, all costs paid by me during this time, (5) Advertising costsPros: (1) Can avoid to renew lease to non-desirable tenants faster, (2) Can potentially save $ on eviction vs. waiting on lease to expire, (3) Can increase rent more quickly, (4) Prospect tenants are interested to have more flexibility, and they will likely go for my 6-month lease vs the competition 1-year lease.
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28 June 2020 | 6 replies
I would collect the last months rent and then inform them that you have no intention of renewing their lease and that they should take the time to find somewhere that better suits their housing requirements and wish them the best.
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20 January 2019 | 12 replies
I'd there are only a few months left, your best be may be to just ride it out and give them propert notice on non-renewal.
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21 January 2019 | 3 replies
Hey everyone,I’m about to renew a tenants lease and change it to month to month.
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22 January 2019 | 12 replies
Often you may give the tenant an Option to renew, where they tell you a certain amount of months ahead of time whether they'll stick around, so you have time to plan for a new tenant if they move out.
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24 January 2019 | 16 replies
Will the government shutdown affect section 8 rent payment or lease renewals in illinois (CHA or HACC).
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21 January 2019 | 1 reply
Now I'm learning that, without a renewed spending bill, the Georgia DCA's pipeline of funding support from HUD is running out.
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22 January 2019 | 5 replies
If you're considering it an "amenity", it is fairly cheap for the tenant to get internet themselves and I doubt it would make or break a decision to renew.