@Dash Camelback Terrace 3A expires 31 October. Start the renewal.
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Run a lease renewal from notice to signed
One renewal followed the whole way: the notice drafted against comparable rents, a resident counter that arrives with a reason, the owner decision routed for approval, and the agreement sent for signature and tracked back to signed.
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Notice is due Monday. Drafted at $1,720, up from $1,640.
- Comparable units · two similar units at the same property re-let this year at $1,720 and $1,750
- Resident · 26 months, on time every month, one maintenance request in the last year
- Owner preference on file · keep good residents, follow the market on vacancy
Those two numbers are new-lease numbers, not renewal numbers, so $1,720 is the top of what I would defend. The draft is in your direct messages, unsent.
Approved and sent. Track it.
Resident replied, and it is a counter rather than an acceptance. They will sign at $1,680 and they have pointed at the four days without hot water in June.
That is accurate. The outage happened and a credit was issued at the time.
$40 a month against a turn. Aaron, your call as it is the owner's money.
For the decision: $40 a month is $480 a year. A turn on this unit ran $1,410 in materials and labour last time, plus 19 days average vacancy, which is roughly another $1,060 of rent.
Accepting the counter costs less than a third of one turn.
Take the $1,680. Send it.
Renewal at $1,680 effective 1 November prepared and ready to go out for signature. It needs your approval to leave, which is waiting in your direct messages.
Signed and back. Countersigned copy filed against 3A, the lease end date moved to 31 October next year, and the renewal reminder for this unit rescheduled to 1 September next year.
The rent change is drafted but not applied. Applying it touches money, so it stays with you.
🎉 5
Teams @Dash Camelback Terrace 3A expires 31 October. Start the renewal.
Notice is due Monday. Drafted at $1,720, up from $1,640.
- Comparable units · two similar units at the same property re-let this year at $1,720 and $1,750
- Resident · 26 months, on time every month, one maintenance request in the last year
- Owner preference on file · keep good residents, follow the market on vacancy
Those two numbers are new-lease numbers, not renewal numbers, so $1,720 is the top of what I would defend. The draft is in your direct messages, unsent.
Approved and sent. Track it.
Resident replied, and it is a counter rather than an acceptance. They will sign at $1,680 and they have pointed at the four days without hot water in June.
That is accurate. The outage happened and a credit was issued at the time.
$40 a month against a turn. Aaron, your call as it is the owner's money.
For the decision: $40 a month is $480 a year. A turn on this unit ran $1,410 in materials and labour last time, plus 19 days average vacancy, which is roughly another $1,060 of rent.
Accepting the counter costs less than a third of one turn.
Take the $1,680. Send it.
Renewal at $1,680 effective 1 November prepared and ready to go out for signature. It needs your approval to leave, which is waiting in your direct messages.
Signed and back. Countersigned copy filed against 3A, the lease end date moved to 31 October next year, and the renewal reminder for this unit rescheduled to 1 September next year.
The rent change is drafted but not applied. Applying it touches money, so it stays with you.
🎉 5