In today’s episode, Dan talks about the benefits of using month-to-month leases for your rental properties!
Depending on your real estate investing strategy, month-to-month leases provide a lot of benefit. Especially if, like Dan, you’re house hacking!
However, with the good comes the uncertain. While M2M leases provide peace of mind if you don’t want to renew someone’s lease, it can also make it trickier to find a long-term tenant!
PROS
1. Flexible end date of your lease
2. Can raise the rent quickly with 30 day notices
3. Easier to evict
CONS
1. More uncertain because landlords & tenants can cancel at anytime
2. Less time to find a new tenant
3. Unpredictable income
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GET 20% OFF RENTREDI USING CODE: DAN20
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ABOUT DAN
Dan Kohan is a rookie real estate investor. At 20 years old, he bought a house that he is currently house hacking - and now makes over $1,000 in cash flow per month!
When Dan started investing he tried a number of different management platforms and found one he loves that will grow with him - RentRedi! It’s the perfect software to let you create processes to scale and handle everything in one place. Dan is going to explain why RentRedi is his perfect partner for investing and walk through the features he likes the most.
MORE OF DAN’S VIDEOS:
Buying Your First Rental Property: https://youtu.be/WlOgsYexkJE
UPDATE! Rental Management Software Review: https://youtu.be/yFyei1eTXJY
Dan’s Channel: https://www.youtube.com/channel/UCJgGq3FJDRWHhyqNnan7s4g
LEARN MORE ABOUT RENTREDI
RentRedi is an all-in-one property management software. RentRedi helps landlords manage tenants & properties, by providing services for every step of the landlord process including collecting rent online, tenant screening, listing & marketing rentals, lease signing, sending tenant notifications & rent reminders, managing maintenance, and more.
CHECK OUT RENTREDI: https://rentredi.com/?utm_source=youtube
WHAT MAKES RENTREDI UNIQUE?
- RentRedi offers unlimited units & tenants. One price—unlimited properties!
- RentRedi is available online and mobile app, so you can manage properties wherever you go!
- RentRedi offers world-class, 5-star customer support. We're here to help!
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