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Updated over 10 years ago on . Most recent reply

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Scott Weaner
  • Rental Property Investor
  • Yardley, PA
561
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1,225
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Keep on a Month-Month, or Convert?

Scott Weaner
  • Rental Property Investor
  • Yardley, PA
Posted

My newly acquired Duplex has a long-term tenant on a Month-Month. She has been in for 5 years and has been a good tenant from all info that I have. I approached her about signing a new lease. She does not want to sign a 1 year lease, but would sign a 6 month. I have thought about 2 options:

1. 6 Month lease, followed by a 12 month.

2. Keep her on a month-month.

Option 2 could have some advantages, as if she does not turn out to be a good tenant, I will have an easier out.

What are your thoughts?

Most Popular Reply

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1,603
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Arlan Potter
  • Investor/Accountant/Builder
  • Meno, OK
918
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1,603
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Arlan Potter
  • Investor/Accountant/Builder
  • Meno, OK
Replied

keep on a month to month. She apparently is not going anywhere and if you ever really want her out, you can just raise the rent.l

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