Updated over 7 years ago on . Most recent reply
Week to week rentals
I'm finishing up renovating a house I plan on renting out. It's in a lower income area and I've heard some of the landlords in the area do week to week rentals. One reason is that they can get an extra month of rent, and the other is that they don't have to go through the headache of the normal eviction process. They keep all the utilities in their own name. My plan is to do two weeks at a time, so I'm not collecting 52 times a year. The thing I like most about this strategy is the quicker turn around if I have to evict someone. The extra month will basically be what I paid for the utilities throughout the year. Any advice or recommendation from those that are currently doing this or have in the past?