[Oakland] Lease Renewal Advice
Hey Guys,
I have a duplex in North Oakland w/ both units renting at market prices, if not a bit higher. Lease terms are about to end, and I'm wondering if it makes sense to ask tenants to renew their 1-year lease. Normally, this wouldn't be a concern, but I'm on Craigslist and see similar units renting for less. If I ask for a lease renewal, I'm worried that the tenants may start looking at other options. I want to keep them on board w/ a new lease, but I don't want to rock the boat and possibly lose them.
Should I let the lease transition to month-to-month and not say anything? Or should I try to lock them in for another year?
Thanks,
Calvin