Renting out your property is one of the best ways to invest in real estate. As a landlord, one of the key decisions you face when renting out your property is whether to offer a month-to-month lease or an annual lease. Each option comes with its advantages and disadvantages. Understanding them can help you make an informed choice that aligns with your goals and circumstances.
It’s essential to explore the pros and cons of both month-to-month and annual leases, as it enables you to determine which option is better suited for you as a landlord.
Advantages of Month-to-Month Leases
- Easier Tenant Turnover
- Higher Rent Potential
- Read more
We also have two new Video Extras this month: Should You Hire a Property Manager and The Costs of Hiring a Property Manager. On that same topic, we have a handy Property Management Fees Calculator to help you decide if a property manager is worth it for your rentals.
You can also subscribe to our YouTube channel @landlordgurus and receive notifications whenever new videos are posted. And ICYMI, download your free copy of our Landlord Toolkit. Read on to learn more about:
- Month-to-Month vs Annual Leases
- Apartment Intercom Systems
- Should You Hire a Property Manager – Video Extra
- The Costs of Hiring a Property Manager – Video Extra
- Property Management Fees Calculator
- The Ultimate Landlord Toolkit
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