Video Description
In this video, Daniel Preshaw, Broker/Owner of His House Property Management discusses the key considerations when deciding whether to sign a long-term lease with a tenant. I highlight that a long-term lease does not guarantee stable income, may limit your ability to increase rent, and can affect your property sale options. I recommend offering an 11-month lease to new tenants, which provides flexibility if issues arise. If you do choose to offer a long-term lease, consider doing so at the renewal period after assessing the tenant’s reliability.
We’re Here for You
If we at His House can be a resource for you, please do not hesitate to reach out! As a Greeley property management company, we’re committed to helping landlords throughout northern Colorado.