Updated over 5 years ago on . Most recent reply
Tenant Lease Renewal Timing
I have multiple tenants coming up for renewal in a few months. What is a good rule of thumb as far as time to send the new lease out with the rent increase?
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Evan Polaski
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Evan Polaski
#5 Multi-Family and Apartment Investing Contributor
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#5 Multi-Family and Apartment Investing Contributor
- Cincinnati, OH
It sort of depends on the size of the increase. I typically do about 3%/yr increases, so approach 1-2 months ahead. If I know I have a big increase, I will typically push that conversation to about 3 months ahead, simply to give tenants time to look for a new place.