Quote:
Originally Posted by Paula Lynn
We recently had a tenant on a month-to-month agreement. She came across some difficult times, but she did pay (late, and sometimes a very small portion of the rent rolled over to the next month). She was a good tenant, so we put her on a 6 mo. lease and lowered her rent $100.00. In these times, $100 less is better than having a vacant unit for 3 months. It's a wise financial decision.
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It is nice to see a landlord think this way. I have rental properties as well and this is such common sense but no one thinks about this.
When I rented a property in NY, I was paying $1700 a month and then the landlord said he wanted to sell it. He offered it to me and I passed so he kicked us out and listed the property. What happened? Sat on the market for a year because he overpriced it $50K and then he tried to re-rent the unit. What a moron!
Then had a house I was renting for $2000 a month. Was there for over 2 years. I told the landlord that my girlfriend was moving out so I would have to move out as $2000 would be stretching me monthly but I was only going to be in the area for a few more months. I moved out and then he put it on the market for rent. To this day, it is still for rent, 6 MONTHS later! If he was smart, he would have offered me a discounted rate for the few extra months so that he could keep the income coming in and then have a beautiful place to rent for the Spring. Some people never learn.