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First time landlord
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Aug 6, 2008, 07:25 AM
nestlebosco
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Join Date: Aug 2008
Posts: 1
First time landlord
I am a first time landlord and wondering which would be better for me, 1yr leases or month to month leases? Thanks.
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Aug 6, 2008, 07:32 AM
#2
RickJ
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Join Date: Aug 2005
Location: The Bogs at Windover
Posts: 7,363
1 year for sure. I charge $50 more per month for a 3-month lease. I do not do month to month. Turnaround is money...so I want less turnaround.
Comments on this post
rockinmommy
agrees: agree 100%.
Aug 6, 2008, 08:12 AM
#3
ScottGem
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Join Date: Jan 2003
Location: LI, NY - USA
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I would urge you to find landlord's associations in your area. They can be an invaluable resource.
You want the protection of a longer term lease. Anyone who wants a short term lease maybe looking to stick you.
You NEED to do a reference check on any prospective tenant.
Comments on this post
rockinmommy
agrees: I completely agree! I cannot urge you strongly enough to educate yourself and find an iron-clad lease to use. Landlord assns. or apartment assns. are GREAT!
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