If your tenants are at the end of their lease and they only want to sign a six-month lease, you can raise the rent at a premium, and add $35 or $50 a month to the rent. In a situation where your tenants want to go month to month, you can raise the rent between $50 and $75. This is acceptable because you don’t know when they will give you their 30 day notice.
If you have any questions on how to raise the rent or you need help with property management in St. Louis, please contact us at Select Leasing & Management.