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Updated over 2 years ago on . Most recent reply

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Craig Janet
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How much extra should you charge for a month to month lease?

Craig Janet
Posted

I have a mobile home that I'm renovating. Due to a large industrial project in the area, there is a need for short term housing for construction workers. I'm trying to decide whether I want to do a month to month furnished with all bills paid vs a typical long term lease. How much extra should I charge. Below are the details.

Regular long term lease $850, electricity $250, water $50, internet $75. How much extra should I add for the increased turnover and hassle of a month to month.

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Bjorn Ahlblad
  • Investor
  • Shelton, WA
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Bjorn Ahlblad
  • Investor
  • Shelton, WA
Replied

@Craig Janet most of my tenants are MTM. My experience is the length of the lease has no bearing on how long a tenant stays.

If you intend to furnish and pay all utilities you will want to charge a whole lot more. Probably 1050/mo plus all the utilities. So 1050+375=1425 total. I'd break it out as rent + utilities, or it will sound like too much.

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