Tenant Lease Renewal Timing

5 Replies

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.  

Not sure where you invest but be sure to check your local/state laws.  In NY you have to give 30-90 days notice (depending on how long the tenant has resided there) for rent increases or if you do not intend to renew the tenancy.