As a landlord myself I would not agree to extend on a month to month basis after June 30th. The reason is that the summer months are always better to find a renter that may be willing to pay market value while the cooler months are the opposite.
Let me eloborate. I you have a rental agreement expiring in June.......you may need 2-4 weeks to clean and find the next renter. This means your next 1 yr lease may end July 30th the following year.....and Aug 31st the next etc etc. Next thing you know you are trying to rent your property in the dead months of NOV / Dec/ Jan/ Feb when demand may be lower and folks want to negotiate on price and it may be more difficult to find a tenant.
The above is just my 2 cents ........ with vacancy rates so low in SD this should not be such a huge problem right now.....but more of a factor as the market returns to normal.
For a free property search: http://www.realtoraprilnguyen.com
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858 859 0423
If your tenant is not working with an agent we would be happy to work with them and we could closely manage the home search/purchase to best coincide with your rental term. Also we would offer you a free IPAD if they purchase a home using us as their buyer's agent.
What area is the property located as we often have renters seeking properties and we could refer them to you when the property is ready to turn over.
We have lots of satisfied customers throughout San Diego.
Jay S. Becker, PRINCIPAL / SR. REALTOR - 21 years licensed
Lux-RE Homes - a Full Service Real Estate Brokerage
office: 858-222-4321 ext. 7
toll free: 888-589-7346 - (888-LUXREHOMES)
fax: 855-589-7346 - (855-LUXREHOMES)
To protect your interest I would end the lease and rent in July.
The rental market is pretty strong right now, so you shouldn't have too much of a problem putting your home on the market any time, except or the holidays.
And, what if your tenant finds a property before October 1st?
Cory La Scala, REALTOR
The most important aspect of this is:
Do you want to keep your tenant? If you are happy with your tenant, I would rent it month to month. If you are not, time to give them the notice and look for your next tenant. This time of the year we see a lot of rentals in San Diego because of the summer tourists, you may be able to have summer rentals at a higher price and then rent it once the summer season ends.
If your tenant is not already working with a Realtor, i would love it if you can refer me to them. I do not advertise and 100% of my business is based on referrals, thanks in advance,
Hector R. Gastelum
Realty Executives Dillon
If you'd like to see what other properties are listing for just go to our rental site called, http://www.RentingInSanDiego.com which is updated every day.
Thanks and good luck,
Greater Good Realty
David R. Indermill
Re/Max HALL OF FAME
Re/Max Associates La Jolla