In today’s episode, Dan talks about the benefits of month-to-month leases (and the downsides) for your rental properties!
Depending on your real estate investing strategy, month-to-month leases have a lot of advantages. Especially if, like Dan, you’re house hacking!
However, with the good comes uncertainty. While M2M leases provide peace of mind if you don’t want to renew someone’s lease, it can also make it trickier to find a long-term tenant! That’s why it’s important to research the best length for your leases.
Benefits of Month-to-Month Leases
- Flexible end date of your lease
- Can raise the rent quickly with 30-day notices
- Easier to evict
Cons of Monthly Leases
- More uncertain because landlords & tenants can cancel at anytime
- Less time to find a new tenant
- Unpredictable income
Watch on YouTube
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Want to learn more about the benefits of month-to-month leases and other real estate investing tips? All content is available on YouTube and released as The Real Estate Pod, available on Apple, Stitcher, Spotify, and most places you listen to podcasts!