The Advantages of Month-to-Month Rentals for Tenants and LandlordsAdmin
Published Date: 2023-10-18
There are tens of millions of rental households across the United States. With so many people choosing to dwell in rentals, it should come as no surprise that not all of them wish to sign a long-term lease. Landlords offering month-to-month furnished executive housing may experience a variety of benefits and the same holds for their tenants.
If you are considering renting out homes on a monthly basis, we want to share what you can expect from the experience. Keep reading to learn about all the advantages that this kind of lease offers you and your tenants.
Benefits for Tenants
Month-to-month leases can attract all sorts of tenants. Below are a few of the reasons that some individuals prefer a short-term lease over one that might be a year or even longer:
- Much higher degree of flexibility
- Some lease renewals are automatic
- Terminating the lease is much simpler
- Leases can be easier to amend if one party leaves the property
Tenants get peace of mind when they have flexibility and can move from the furnished executive housing whenever they decide to. It’s also less expensive and easier to move out if a tenant chooses to do so. Moving in with family members or colleagues can be done for shorter periods during relocations or business trips.
Advantages for Landlords
There are many benefits available to landlords who choose month-to-month leases. Below are a few of the most important for you to be aware of:
- Ability to charge a higher rental price
- Opportunity to keep options open
- Easy way to screen tenants for longer stays
- Eviction tends to be easier when needed
Since short-term leases have more flexibility, you can change the prices and add to your listings at any time to provide better profits for you and increased enjoyment for your tenants. With flexible end dates, it’s also easier to decide what you want to do with a property while making money as you make that decision.
Whether you wish to rent out furnished executive housing or book a stay in a short- or mid-term apartment or house, CHBO is here to assist you. Simply visit our website to create a stunning listing for your property as a landlord. Tenants can easily search available properties to find the one that meets their exact needs.