Reply: How much do you charge for month to month fees for apartment leases?

Name
Leave blank to post anonymously.
E-mail
Your e-mail address will never be displayed on the site.
Subject
Attachments
I'm looking for an apartment in California. I need to rent an apartment for half a year. I'm just going on a business trip in two weeks. I would like to learn more about the apartment you are renting out. I hope it will fit all my criteria. First, it must be large. Second, the windows should face the courtyard so that I can see my car. In short, I need your proposed apartment to be similar to doorman apartments central queens . I just lived in different apartments, but I felt most comfortable only in this one.
Posted 3 years 4 months ago
I charge 300 euros. I have a 3-room apartment
Posted 3 years 4 months ago
's Avatar
Don Garcia
I agree that the premium rent is not a satisfactory replacement for a new lease and can lead to ill-timed vacancy. I have chosen to make mt MTM premium around market plus $300. But in an effort to keep the tenant who doesn't want to commit to another full year, I offer a shorter lease term that has a smaller premium than MTM.
It allows me to control the months that my leases end. In california, we seem to definately have a "renting season" where rents are higher. I hate to try to lease October through february. We have such horrid winters here in California (HAHAHA)
Posted 5 years 8 months ago
's Avatar
Rachel White
Market rate plus $100
Posted 5 years 8 months ago
's Avatar
Katy Boone
North Carolina - Market + $200
Posted 5 years 8 months ago
The entire point of the month to month fee is to get them to sign back into a new contract and tie them into another year of rent. The higher the better to a certain extent. Pushing it too high could result in some "you are trying to screw me over" type feelings from your residents and they may leave with a bad taste. With that being said, the residents that get all the way to not signed a new lease, not put in a notice, and are now being charged month to month fees are going to move out anyways or just needed one more month until they are getting a house, new place, etc. Very small percentage gets to that point and pays for a month like that then signs a new lease to stay. Most of these renters that get to this point simply are charged a prorated amount of the month to month fee due to a late move out, late notice, or late signing of a renewal. If they do pay that fee for a full month then stay, they usually had no where else to go, rent was still more expensive elsewhere due to the loss on lease they have with you and they thought otherwise, or they could afford the higher price of the fee and took their time signing a new lease. Wouldn't that be nice to be able to do!

Of course great costumer service in and out of the office is always the carrot to help avoid using the stick of month to month fees to get them to renew.
Posted 5 years 8 months ago