My house has be rented for 1 yr. and tenants would like to lease month to month, how much more $ per month can I ask for per month?

Asked by d gilland, West Palm Beach, FL Fri Apr 26, 2013

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Karl Schulz, Agent, West Palm Beach, FL
Mon Aug 26, 2013
Not really enough info to give you good answer. How much rent are you collecting now? What area of Wellington? What condition is the property? If it’s off season and no longer than 2-4 months of month to month. I'd say $100-$200 more. To much and the tenants may move real fast. I'd do some research on current rents to see if you are currently priced competitive or not. Research if minor improvements will allow you to collect more. I have always been a fan of competitive pricing, to high and tenants leave after the first year, leaving your with one to two more months of a vacant unit.

Please feel free to contact me if you need and additional information or want to list your property.

Karl R Schulz
Friday Realty
http://www.FridayRe.com
561-379-7881

Buying | Selling | Renting Real Estate in Wellington | Royal Palm Beach | West Palm Beach
Friday Realty LLC http://www.FridayRe.com
0 votes
Gary Hitchco…, Agent, Coral Springs, FL
Fri Apr 26, 2013
Whatever your market will bear. Your Realtor should be able to check the MLS and see what month-to-month properties have rented for in your market based on the time of year, etc.
0 votes
Bob Brubaker, Agent, Lake Worth, FL
Fri Apr 26, 2013
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
Web Reference:  http://pbc-realcam.com
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