Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Investment Properties in Abilene : Real Estate Advice

  • All65
  • Local Info8
  • Home Buying15
  • Home Selling2
  • Market Conditions3

Activity 1
Thu Sep 26, 2013
Randy Dodd answered:
Good questions. While there are several different answers to this question depending on the details. With that said a Month to Month Lease is just that, Month to Month. Most times month to month leases are just as good as the people’s word & integrity….. It is always best to have lease with an expiration date, expectation & responsibilities outlined.

Renew the lease prior to expiration date. It protects the Tenant as well as the Owners of a property.

Here’s my “take” on it…. You collected 3 years of rent. The place most likely has repairs, plaster holes, or paint basic wear & tear that you plan to take care of. I would not be too bent out of shape over a screen door and long as the people are out. Focus on finding a new tenant

You #1 priority should be getting the property back on the market to maximize your ROI (return on investment.) - Do you agree?
... more
0 votes 1 answer Share Flag
Search Advice