DG. You don't make it clear whether the " tenants" are Tenant
" prospects" or Tenants up for Lease renewal . Either-way asking
more won't protect you from vacancy.
If your tenants are up for renewal you negotiate carefully! Too much
of an increase may be percieved as a penalty and you lose them
all-together! Try to develope some incentive for a Full Renewal!
A Spruce-up" less increase or none,etc. Find out the reason for
their reluctance to sign for the year and address the issue if it
makes sence! If your tenants are prospects- make a year's
lease attractive by offerig to modify other terms like deposit
and Security Requirements!- if they sign.
Lease negotiations can be induced if the terms are attractive.
Concentrate on strategy to keep the unit "performing" for
the year! Tenants are people too! Talk to them!
Bob Brubaker Highlight Realty Palm Beach County Fl. 561-876-6649
Realtor and Lic. Community Association Manager... more