【English version】How do we do lease renewal behind the scenes?
Why you want to keep stable tenant at this changing market? Our goal is to secure stable tenant . We are at same boat. In the long run, increase your great annaul income .
▼▼▼ At this market , more rental listing due of some seller cannot sell, want to rent for now. normally 4th quarter is rental slow season. Aug and Sep we have received move out requests due of tenant want to reduce the cost, job relocation or bought the house.
How our team get lease renewed for you behind the scene?
Step1, 3 month ahead we will check lease renewal plan list -current rent , market value , what will be new estimate rent to secure tenant's stay, we do evalation first
Step 2, we will check with owner to see if they like to sell or offer renewal. Due of market changing , depend on house condtion and neighborhood, some house keep the same rent as last year.
Step 3, send lease renewal notice to tenant for tenant to accept lease renewal ( they may want to move out to save the rent cost , tenant have 30 day to consider .
Step 4, 1 month before lease expiration date , we will check in tenant's decision .
Step 5, Renew Signed
Step 6, notify owner we have renewed lease , new rent or same rent , lease term from which date to which date.
Step 7, our billing department will input new lease info into our Appofolio portal to be effective .
Thank you for being our great owner , and your trust.