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414
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94
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Art M.
  • Chicago, IL
94
Votes |
414
Posts

9 Month Lease With Good Prospect vs. Longer Term

Art M.
  • Chicago, IL
Posted

I’m renting out the second half of the duplex I just bought to house hack. I have a great prospect, a business guy who’s moving to Chicago, but he only wants it for 9 months. Do you think it’s worth it to accept him and find a new tenant in 9 months or should I keep looking for a longer term tenant?

The house was a gut rehab and is unfurnished with brand new everything, stainless steel appliances, granite countertops, etc. So I’m in a prime position to lock in a good tenant. But I am asking for rent on the upper end in my area and that’s dissuaded all of the people inquiring so far. It’s been listed for 2 days.

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User Stats

328
Posts
97
Votes
Yvette M.
  • Reno, NV
97
Votes |
328
Posts
Yvette M.
  • Reno, NV
Replied

M2M is best.  However, if you do a 9 month lease that will end in the summer months re-renting may be easier.

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