Month-to-Month vs. Long-Term Lease Agreements - Which is Right for You?

Are you trying to decide whether to offer your tenant a month-to-month lease agreement or a long-term lease agreement?

Well, in this video you will learn both the Pros & Cons of each lease agreement and which one will benefit you and your rental investment property.

My name is Jobin, and I have been managing rental properties for landlords and real estate investors for 10+ years. Over the course of the years I have seen first hand the benefits to each lease agreement and the negatives of each lease type.

Pros of a Month-to-month Lease Agreement:

- More flexibility for both landlord & tenant
- Landlord can raise the rent price more frequently
- Easier lease termination or non-renewal

Cons of a Month-to-month Lease Agreement:

- Tenants may leave unexpectedly
- Typically higher vacancy rate
- Higher tenant turnover rate
- Unpredictable tenant duration

Pros of a Long-term Lease Agreement:

- More stable for both landlord & tenant
- Lower turnover costs
- Lower maintenance & marketing costs
- Tenant is more likely to take care of the property

Cons of a Long-term Lease Agreement:

- Less flexibility to do something else with your property
- Cannot increase the rent until renewal time
- Takes longer to remove bad tenants
- Disadvantage if market rent increases

As you can see each lease type offers its Pros & Cons but as a seasoned real estate investor and property management professional I only invest and manage long-term rental properties with long-term lease agreements. I really enjoy the stability that comes with the long-term lease agreement.

Also, consider subscribing to my channel Jobin where we together learn to Invest, Manage, and Profit from Real Estate Investing. Cheers!
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Check out some helpful links below:

"What is a Month-to-month Lease Agreement?"
https://realestate.usnews.com/real-estate/articles/what-is-a-month-to-month-lease

"Month-to-month vs. Long-term Lease Agreements"
https://www.rocketlawyer.com/real-estate/landlords/residential-property/legal-guide/month-to-month-residential-leases-vs-annual-leases

#leaseagreement #rentalagreement #monthtomonthlease #longtermlease #realestateinvesting #investmentproperty #jobin

_______Timestamps_______
0:00 Lease Agreement Intro
0:44 Month-to-month Lease Agreement
1:32 Pros of a Month-to-month Lease
2:00 Cons of a Month-to-month Lease
2:23 Pros of a Long-term Lease Agreement
2:50 Cons of a Long-term Lease Agreement
3:20 My Final Thoughts

Видео Month-to-Month vs. Long-Term Lease Agreements - Which is Right for You? канала Jobin