All Forum Posts by: Mila F.

Would you guys agree to extend tenants' lease by six weeks (until early July), knowing this makes you miss the peak rental season in this specific area? And knowing that in this case you'd be marketing your property at the same time as your next-door rental, thus having two properties  competing for the same high-caliber tenant pool?  And knowing that you'd have to wait with the showings until the tenants move out and the place is cleaned up, because otherwise it is not presentable? 

And if you don't agree to extend, you'd be subjecting a family to a significant logistical nightmare. They would be moving to another state in July, but can't leave earlier since the husband has to finish his medical residency first. If I don't agree to extend, they'll have to put their belongings in storage, find and move into a short term rental for the remaining medical residency term, while also shopping for a place to rent in another state. This is difficult. 

We had these tenants for three years. They pay on time and generally were good, but they did start a bit of a drama last month that required us to consult with an attorney. All good now, although the aftertaste remains. 

We explained to them that lease extension this time of the year would hurt us. In response, they offered to pay double rent for June. I'm scratching my head. The extra month of rent would definitely help, but missing out on the main tenant demographic for this area (families with school-age kids) is still worrisome. My husband is absolutely against extending and insists we should think about ourselves first. 

What would you do if you were in our shoes?