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General Landlording & Rental Properties

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Mark Berge
  • Rental Property Investor
  • New Jersey
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58
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My tenant hasn't signed the renewal lease yet

Mark Berge
  • Rental Property Investor
  • New Jersey
Posted Jul 5 2021, 10:45

I dropped off the renewal lease about two months ago, his current lease ends the last day of this month. His father who is elderly and cannot drive is living with the tenant who is on the lease. The house is in good repair (this is my first rental property) and I take care of issues promptly like the washer that broke, I bought a new one, I changed the toilet when it stopped working, I paid a roofer to put a new roof on, I paid a mason to repair the front entrance stairs. I called the leasing agent who got the current tenant in and he said that my asking rent was very reasonable and he could get a new tenant in no problem.

The current tenant (his first year) always pays on time and takes care of the place. I told the tenant that I have to know soon and he said he will let me know if he will renew the lease in a day or two. 

Any suggestions? I self manage this property so I deal with any thing that comes up, but I use a realtor to find tenants.

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