Benefits of Month-to-Month Leases | Video
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
Listen to The Real Estate Pod
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!
RentRedi Partners
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Easy, Affordable Insurance Solutions for Rental Property Owners
Steadily provides fast and convenient online quote estimates in minutes and connects with licensed landlord insurance experts. Get competitive rate options for many types of rental properties, which helps landlords access affordable coverage in 50 markets nationwide. Learn more.
Market Analysis Has Never Been Easier & More Affordable
BrightInvestor helps you find the best real estate markets, get MLS access, source off-market deals all in one place. Learn more.
Struggling To Find Good Landlord Insurance?
Honeycomb provides better coverage and clarity at a fraction of the cost. Get Property & Casualty insurance for landlords, PMs, & owners. Insurance reinvented! Learn more.
Protect Your Property—Without Increasing Operating Expenses
TheGuarantors provides two types of coverage in one simple solution: rent and deposit coverage which protects you from rent defaults, vacancies, lease breaks, damages, and more. Eliminate the need for co-signers and guarantors. TheGuarantors platform is free for landlords and affordable for renters! Learn more.
Easy, Affordable Insurance Solutions for Rental Property Owners
Steadily provides fast and convenient online quote estimates in minutes and connects with licensed landlord insurance experts. Learn more.
Market Analysis Has Never Been Easier & More Affordable
BrightInvestor helps you find the best real estate markets, get MLS access, source off-market deals all in one place. Learn more.
Struggling To Find Good Landlord Insurance?
Honeycomb provides better coverage and clarity at a fraction of the cost. Get Property & Casualty insurance for landlords. Learn more.
Protect Your Property—Without Increasing Operating Expenses
TheGuarantors provides rent and deposit coverage in one simple solution that protects you from rent defaults, lease breaks, and more. Learn more.