Interesting thought - Using a March rental as an example a 28 day lease Vs. the full month lease is 9.7% higher given the same monthly rate. If the lease were $3100 for the month that's a total delta of $300 if figured on a daily basis. That's from a renters point of view. With that as a backdrop I understand the problem the landlord has to turn the place over within a few hours. There are all these cleaning people out there waiting to do their job on the last day of the month with considerable less demand for their services the other 30 days of the month. My guess is you are a very lucky landlord if you have a dependable service given the high one day demand that would make you feel comfortable with a few hours turnaround time. Now combine this with the traffic nightmare that occurs on I-95 on the last and first day of the month because a monthly lease is written first day to last day of the month. I suspect the hotel rates along the corridor also reflect this situation. I often thought if I was a landlord I would do a lease from the first Monday of the month to first Sunday of the next month or something that gets off the first/last day of the month routine. This would be beneficial to both parties. Plus if the leases were staggered a little the regular population would benefit also by staggering the initial rush at the grocery store to stock up on the first. Any thoughts?
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