Liar Loan
Well-known member
irvinehomeowner said:So your current tenants are now month-to-month?
Mine were 1-year. My last tenants wanted a 2-year for a small discount to coincide with graduating from UCI.
Yeah, mine have been month-to-month for nearly 2 years. You are operating in a college market though, which is a whole different dynamic and it makes sense that you would have higher turnover, and the 1 or 2 year leases are probably a good idea.
My tenants left their last place because it was a tiny studio in Costa Mesa and I think the landlord was negligent with repairs. I've always repaired anything that breaks asap, sometimes the same day. Honestly, I don't think they are going anywhere unless they decide to have kids, and even then they may not be able to afford to get a bigger place.
Landlording is really about dealing with people, so you have to adjust your strategies based on your market.