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Updated over 5 years ago on . Most recent reply

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Luke Carl
#3 Short-Term & Vacation Rental Discussions Contributor
  • Rental Property Investor
  • Tennessee Florida
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How do you organize your end of lease dates?

Luke Carl
#3 Short-Term & Vacation Rental Discussions Contributor
  • Rental Property Investor
  • Tennessee Florida
Posted

Yes I'm posting a lot today. 

All of the leases I prepare end on 4/30. SO 90% of my tenants expire on the same day. Makes it easy for me to do walk throughs prior to a new lease. But the inherited tenants and the folks that move in in the summer time throw a wrench in the 4/30 system. 

What are you using to keep your lease end dates organized? 

Thanks! 

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Ryan Daigle
  • Investor
  • Apex, NC
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Ryan Daigle
  • Investor
  • Apex, NC
Replied

Hi @Luke Carl. It's rare to see a landlord *want* to have all their leases end on the same day. I understand the simplicity benefit, but it also exposes you to risk having to re-lease all units at the same time of year. The conventional approach is to try and sprinkle your lease renewals throughout the year. However, that wasn't your question...

Regarding organizing lease end dates - with that many units I would hope you're using some sort of management software like Buildium? If not, even a simple spreadsheet could suffice. Or even a simple task management systems like Asana could help organize these dates?

Hope that helps!

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