Positive Lease Renewal No Price Increase

Positive Lease Renewal No Price Increase by Anonymous on March 23, 2012 @22:50

Today I received a signed 12 month LPA lease renewal form for my tenant for my SFH. This means no vacant time, no make ready costs, no advertising, etc.

I have continued to research the market rent for my area during the last year. I am market competitive so I kept the rent at the same rate for the next twelve months. The tenant has had few issues so this was a good decision.

LPA poster Eric from Minnesota has preached that keeping current good tenants was vital. I practiced what he preached this past year and it worked.

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Re: Positive Lease Renewal No Price Increase by Eric (MN) on March 23, 2012 @23:39	[ Reply ]

Thanks for the good words. I have been smokin' busy with few remodels and a few other opportunities.

Re: Positive Lease Renewal No Price Increase by Anna Mouse on March 24, 2012 @11:44	[ Reply ]

Wanted to share in your happiness I am glad you are doing well with your tenant and did not have an empty property. I just gave a new lease offer as well. There is a price increase. However since I am undermarket on my price it is a win win either way. : )

Re: Positive Lease Renewal No Price Increase by John (NY) on March 24, 2012 @13:52	[ Reply ]

Good job! A win-win deal!