3 ms·
It's a good question and a hard one to answer. Many factors could contribute to needing under 1 year leases. I don't have a good answer, but you can look at you
by Balgair 6y ago
It's a good question and a hard one to answer. Many factors could contribute to needing under 1 year leases. I don't have a good answer, but you can look at your local leases. Near me on apartments.com, the 'short-term' category is ~40% of all the listings. Drilling down a bit into some of those categories, 3 month leases seem to be the lowest, outside of month-to-month leases.
My area may be an outlier, it is covid time afterall. But 40% is not an outlier, especially when it has an option in a drop-down menu.
- leetcrew 6y agoin some of the poorer neighborhoods near me, you even see a bunch of week-to-week rentals on craigslist.
- mjcl 6y agoWhen the larger property manager companies offer short leases (3 - 6 mos) the monthly price is usually higher to 'recover' the cost of more frequent unit turns (Thanks to 'revenue management' from companies like YieldStar). These options aren't really intended for people on the edge, since applicants still need to pass the same credit screening requirements which are usually based on income to rent ratio.