How a Good Renter Can Cost You Money

Summary

The video explains how failing to modify a fixed-term lease when a tenant wants to extend their stay can inadvertently convert it into a month-to-month agreement, potentially costing hosts in the long run. If another tenant is interested in renting for a longer period, the host is obligated to give 30-day notice to the current tenant and would potentially miss out on a higher paying, longer-term tenant.