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The Water Cooler
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Landlords, Home rent question
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<blockquote data-quote="DanB" data-source="post: 1545239" data-attributes="member: 237"><p>Good tenants--same rent or very little increase</p><p>bad tenants--raise that rent.</p><p></p><p>Your preference is to get them to sign another lease. this guarantees your income on the property for the next 12 months. Without it you want to charge a slightly higher rent. Not enough to sting them but enough to motivate them to sign another 12 month lease. </p><p></p><p>I have a tenant vacating a property the company I work for owns. She has been on a month to month since January 1. I did not increase rent on them. Probably should have as I haven't had a rent check on time or in full since February. </p><p></p><p>Hopefully they will call and want to schedule a walk through this week so I can get it ready to rent again.</p></blockquote><p></p>
[QUOTE="DanB, post: 1545239, member: 237"] Good tenants--same rent or very little increase bad tenants--raise that rent. Your preference is to get them to sign another lease. this guarantees your income on the property for the next 12 months. Without it you want to charge a slightly higher rent. Not enough to sting them but enough to motivate them to sign another 12 month lease. I have a tenant vacating a property the company I work for owns. She has been on a month to month since January 1. I did not increase rent on them. Probably should have as I haven't had a rent check on time or in full since February. Hopefully they will call and want to schedule a walk through this week so I can get it ready to rent again. [/QUOTE]
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