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How much do you charge for month to month fees for apartment leases?
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- Posts: 13
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6 years 5 months ago #21564
by Nancy Alex
I would like to hear about month to month fees. What do you charge & what state do you live in? We charge market + $50 & I'm from Michigan! Go!
6 years 5 months ago #21564
by Nancy Alex
Reply to Nancy Alex
Maria Hantz
6 years 5 months ago #21565
by Maria Hantz
Replied by Maria Hantz on topic How much do you charge for month to month fees for apartment leases?
We also do the same here in Texas
Michelle Gulstrand
6 years 5 months ago #21566
by Michelle Gulstrand
Replied by Michelle Gulstrand on topic How much do you charge for month to month fees for apartment leases?
$75 & I’m from Minnesota!
Anonymous
6 years 5 months ago #21567
by Anonymous
Replied by Anonymous on topic How much do you charge for month to month fees for apartment leases?
Market + $150, Texas
Chad Christian
6 years 5 months ago #21568
by Chad Christian
Replied by Chad Christian on topic How much do you charge for month to month fees for apartment leases?
Denver here. My Yieldstar properties the MTM premium can be as high as 3-4K depending on expiration’s. My non Yieldstar we do market + 500
Chelsea Alise
6 years 5 months ago #21569
by Chelsea Alise
Replied by Chelsea Alise on topic How much do you charge for month to month fees for apartment leases?
Market plus $150, NC
Shannon Procacci
6 years 5 months ago #21570
by Shannon Procacci
Replied by Shannon Procacci on topic How much do you charge for month to month fees for apartment leases?
Market plus $150 Orlando Florida
ShaNele Farmer
6 years 5 months ago #21571
by ShaNele Farmer
Replied by ShaNele Farmer on topic How much do you charge for month to month fees for apartment leases?
Market plus $350 - Texas
Charles Llewellyn
6 years 5 months ago #21572
by Charles Llewellyn
Replied by Charles Llewellyn on topic How much do you charge for month to month fees for apartment leases?
40% over market
Jessica Regan
6 years 5 months ago #21573
by Jessica Regan
Replied by Jessica Regan on topic How much do you charge for month to month fees for apartment leases?
Market plus $200.. luxury property in Nebraska
Kimberly Reynolds Evans
6 years 5 months ago #21574
by Kimberly Reynolds Evans
Replied by Kimberly Reynolds Evans on topic How much do you charge for month to month fees for apartment leases?
Market plus $200. I’m in Texas.
Brian Lauro
6 years 5 months ago #21575
by Brian Lauro
Replied by Brian Lauro on topic How much do you charge for month to month fees for apartment leases?
We use LRO but prior in my career it was usually 20% over current.
Paula Hegarty Standridge
6 years 5 months ago #21576
by Paula Hegarty Standridge
Replied by Paula Hegarty Standridge on topic How much do you charge for month to month fees for apartment leases?
Texas market &$200.00
Manage
Manage
Lori Guerrero
6 years 5 months ago #21577
by Lori Guerrero
Replied by Lori Guerrero on topic How much do you charge for month to month fees for apartment leases?
Shortest lease option plus $100 - California
Kathleen Campanelli
6 years 5 months ago #21578
by Kathleen Campanelli
Replied by Kathleen Campanelli on topic How much do you charge for month to month fees for apartment leases?
We charge market rent plus $100. Jacksonville, FL
Jen Morton Kemp
6 years 5 months ago #21579
by Jen Morton Kemp
Replied by Jen Morton Kemp on topic How much do you charge for month to month fees for apartment leases?
+$200 per mth
Christy Locklar Knapp
6 years 5 months ago #21580
by Christy Locklar Knapp
Replied by Christy Locklar Knapp on topic How much do you charge for month to month fees for apartment leases?
Market rate plus $100.00 - Pearl, MS
Stephanie Renee Huskey
6 years 5 months ago #21581
by Stephanie Renee Huskey
Replied by Stephanie Renee Huskey on topic How much do you charge for month to month fees for apartment leases?
$250 in Virginia
Re'gan Nicole
6 years 5 months ago #21582
by Re'gan Nicole
Replied by Re'gan Nicole on topic How much do you charge for month to month fees for apartment leases?
Market rate plus $100- Louisiana
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6 years 5 months ago #21583
by Nancy Alex
Replied by Nancy Alex on topic How much do you charge for month to month fees for apartment leases?
Looks like I'll be proposing we raise our fee to at least $100! Are there landlord laws to limit mtm fees in your state?
6 years 5 months ago #21583
by Nancy Alex
Reply to Nancy Alex
Tina Hope Parker
6 years 5 months ago #21584
by Tina Hope Parker
Replied by Tina Hope Parker on topic How much do you charge for month to month fees for apartment leases?
Market + $200 Georgia
Elizabeth Wall Thorn
6 years 5 months ago #21585
by Elizabeth Wall Thorn
Replied by Elizabeth Wall Thorn on topic How much do you charge for month to month fees for apartment leases?
Market plus $300 Houston, TX
Natalie Rogers
6 years 5 months ago #21586
by Natalie Rogers
Replied by Natalie Rogers on topic How much do you charge for month to month fees for apartment leases?
Market plus $100 stephenville texas
Chelsea Alise
6 years 5 months ago #21587
by Chelsea Alise
Replied by Chelsea Alise on topic How much do you charge for month to month fees for apartment leases?
We charge the following
6-9 months -$50 extra per month
3-5 months -$100 extra per month
MTM-$150 extra per month
6-9 months -$50 extra per month
3-5 months -$100 extra per month
MTM-$150 extra per month
Bianca Carlson
6 years 5 months ago #21588
by Bianca Carlson
Replied by Bianca Carlson on topic How much do you charge for month to month fees for apartment leases?
In MA and we do 1 year term for the first year which then converts to a 30 day term TAW after year 1
Shannon Danielle
6 years 5 months ago #21589
by Shannon Danielle
Replied by Shannon Danielle on topic How much do you charge for month to month fees for apartment leases?
Michigan market plus 20%
Chana Castle Lambert
6 years 5 months ago #21590
by Chana Castle Lambert
Replied by Chana Castle Lambert on topic How much do you charge for month to month fees for apartment leases?
$1000 mtm
Angie Pletcher
6 years 5 months ago #21591
by Angie Pletcher
Replied by Angie Pletcher on topic How much do you charge for month to month fees for apartment leases?
Northern Indiana - Market plus $100
Michi Hewitt
6 years 5 months ago #21592
by Michi Hewitt
Replied by Michi Hewitt on topic How much do you charge for month to month fees for apartment leases?
What ever LRO says the 1 month rate is.
So let’s say your rent was $500 and LRO says the 1 month rate is $785 subtract the difference of the rent. The left over is the month to month fee.
So let’s say your rent was $500 and LRO says the 1 month rate is $785 subtract the difference of the rent. The left over is the month to month fee.
Stacia Scharf
6 years 5 months ago #21593
by Stacia Scharf
Replied by Stacia Scharf on topic How much do you charge for month to month fees for apartment leases?
Market + $500 in Denver!
Misty Haskins
6 years 5 months ago #21594
by Misty Haskins
Replied by Misty Haskins on topic How much do you charge for month to month fees for apartment leases?
35% on top of Market Rent in NC - using LRO.
Shaqueita Walker
6 years 5 months ago #21595
by Shaqueita Walker
Replied by Shaqueita Walker on topic How much do you charge for month to month fees for apartment leases?
Market rent + $250 Dallas, TX
Lisa Odle
6 years 5 months ago #21596
by Lisa Odle
Replied by Lisa Odle on topic How much do you charge for month to month fees for apartment leases?
Denver $200
Char Bill McCurdy
6 years 5 months ago #21597
by Char Bill McCurdy
Replied by Char Bill McCurdy on topic How much do you charge for month to month fees for apartment leases?
Texas and c or b class charging $100-$200 plus market rent
Hope Clayborne
6 years 5 months ago #21598
by Hope Clayborne
Replied by Hope Clayborne on topic How much do you charge for month to month fees for apartment leases?
Market plus $100- South Carolina
Alison Carlson
6 years 5 months ago #21599
by Alison Carlson
Replied by Alison Carlson on topic How much do you charge for month to month fees for apartment leases?
Newport News VA market + $200
Danielle Earwood
6 years 5 months ago #21600
by Danielle Earwood
Replied by Danielle Earwood on topic How much do you charge for month to month fees for apartment leases?
Market + $300 GA or Yieldstar rates.
Colby Cartwright
6 years 5 months ago #21601
by Colby Cartwright
Replied by Colby Cartwright on topic How much do you charge for month to month fees for apartment leases?
Market plus $200
Rikki McDaniel
6 years 5 months ago #21602
by Rikki McDaniel
Replied by Rikki McDaniel on topic How much do you charge for month to month fees for apartment leases?
Texas- market +100
Rebekah Rawlins
6 years 5 months ago #21603
by Rebekah Rawlins
Replied by Rebekah Rawlins on topic How much do you charge for month to month fees for apartment leases?
Okc-We had to change to market + $200 because we had way too many residents okay with paying $50, which left our risk for move out too high!
Kevin Quat
6 years 5 months ago #21604
by Kevin Quat
Replied by Kevin Quat on topic How much do you charge for month to month fees for apartment leases?
250. Sc
Heidi Princess Moneyy
6 years 5 months ago #21605
by Heidi Princess Moneyy
Replied by Heidi Princess Moneyy on topic How much do you charge for month to month fees for apartment leases?
Market plus a $600 MTM premium
Alexis Gomez
6 years 5 months ago #21606
by Alexis Gomez
Replied by Alexis Gomez on topic How much do you charge for month to month fees for apartment leases?
100 TX
Eden Arielle Bixler
6 years 5 months ago #21607
by Eden Arielle Bixler
Replied by Eden Arielle Bixler on topic How much do you charge for month to month fees for apartment leases?
We were doing market plus $100 but too many people were going on MTM. So we raised it to market plus $250. Texas
Ashley Baxley
6 years 5 months ago #21608
by Ashley Baxley
Replied by Ashley Baxley on topic How much do you charge for month to month fees for apartment leases?
Market plus $250
Andrea Ray Schen
6 years 5 months ago #21609
by Andrea Ray Schen
Replied by Andrea Ray Schen on topic How much do you charge for month to month fees for apartment leases?
Ks market plus 50. Getting ready to up it to 75.
Lauren Orsi
6 years 5 months ago #21610
by Lauren Orsi
Replied by Lauren Orsi on topic How much do you charge for month to month fees for apartment leases?
Nebraska - new 12 month rate+ 5% only after completed original 12 month term.
Portia Lane
6 years 5 months ago #21611
by Portia Lane
Replied by Portia Lane on topic How much do you charge for month to month fees for apartment leases?
Market + $390. Dallas, TX
Mary Root
6 years 5 months ago #21612
by Mary Root
Replied by Mary Root on topic How much do you charge for month to month fees for apartment leases?
California market + $100
Sharon Teel Carbaugh
6 years 5 months ago #21613
by Sharon Teel Carbaugh
Replied by Sharon Teel Carbaugh on topic How much do you charge for month to month fees for apartment leases?
Texas and we were $100 over current market rent.
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6 years 5 months ago #21614
by Nancy Alex
Replied by Nancy Alex on topic How much do you charge for month to month fees for apartment leases?
I have 10 % that are on my. Some have been on it for 5..6 ...7 years!!! I've tried to get them to sign a lease & save $600 a year but they won't budge! Even after 4 increases in 15 months!
6 years 5 months ago #21614
by Nancy Alex
Reply to Nancy Alex
Jennifer Burroughs
6 years 5 months ago #21615
by Jennifer Burroughs
Replied by Jennifer Burroughs on topic How much do you charge for month to month fees for apartment leases?
$200.00 - Reno NV
LeeAnn Mack
6 years 5 months ago #21616
by LeeAnn Mack
Replied by LeeAnn Mack on topic How much do you charge for month to month fees for apartment leases?
Market + $250, Northern California
Miranda Sabanagic
6 years 5 months ago #21617
by Miranda Sabanagic
Replied by Miranda Sabanagic on topic How much do you charge for month to month fees for apartment leases?
Cincinnati- market +$300
Susan Davis Vloedman
6 years 5 months ago #21618
by Susan Davis Vloedman
Replied by Susan Davis Vloedman on topic How much do you charge for month to month fees for apartment leases?
When I was I the business It was market and 100 texas
Charlotte Wilson
6 years 5 months ago #21619
by Charlotte Wilson
Replied by Charlotte Wilson on topic How much do you charge for month to month fees for apartment leases?
Market + $100.
The company I used to work for charged Market + $250!
Indiana
The company I used to work for charged Market + $250!
Indiana
Patsy Figueroa-Garcia
6 years 5 months ago #21620
by Patsy Figueroa-Garcia
Replied by Patsy Figueroa-Garcia on topic How much do you charge for month to month fees for apartment leases?
Market + $200, Tucson AZ
Nicole Hayes
6 years 5 months ago #21621
by Nicole Hayes
Replied by Nicole Hayes on topic How much do you charge for month to month fees for apartment leases?
$250 AZ
Brittney Macom
6 years 5 months ago #21622
by Brittney Macom
Replied by Brittney Macom on topic How much do you charge for month to month fees for apartment leases?
$200 LA
Teri Dawn Phillips
6 years 5 months ago #21623
by Teri Dawn Phillips
Replied by Teri Dawn Phillips on topic How much do you charge for month to month fees for apartment leases?
Market + $100 Michigan
Stacia Scharf
6 years 5 months ago #21624
by Stacia Scharf
Replied by Stacia Scharf on topic How much do you charge for month to month fees for apartment leases?
I think MTM fees should be as high as your market will support. Making it too easy or convenient to roll MTM can cause such a burden on your community and makes managing your lease expirations so much more difficult! Especially if you end up with unexpected/additional move out's in the slow season. The additional revenue is nice, but could potentially be significantly offset by vacancy loss. But, that's just my 2-cents
Tricia Klemstein Stanley
6 years 5 months ago #21625
by Tricia Klemstein Stanley
Replied by Tricia Klemstein Stanley on topic How much do you charge for month to month fees for apartment leases?
Market plus $100 in Houston Texas
Amy Freeman
6 years 5 months ago #21626
by Amy Freeman
Replied by Amy Freeman on topic How much do you charge for month to month fees for apartment leases?
300 over market for 3 to 6 or my after renewal
200 for 7-11
200 for 7-11
Janice Marcum Quill
6 years 5 months ago #21627
by Janice Marcum Quill
Replied by Janice Marcum Quill on topic How much do you charge for month to month fees for apartment leases?
Market + $50 Central California
Celena Montantes - Mayo
6 years 5 months ago #21628
by Celena Montantes - Mayo
Replied by Celena Montantes - Mayo on topic How much do you charge for month to month fees for apartment leases?
Georgia. My last company was on yieldstar and we would take the 12 month plus 20% of that. So if rent was $798 multiple 20% ($160) the $160 would be MTM fee. Made it a little hard to budget MTM fees. Yieldstar does give an actual MTM rate though.
Serena Bromley
6 years 5 months ago #21629
by Serena Bromley
Replied by Serena Bromley on topic How much do you charge for month to month fees for apartment leases?
$250 LA
Carissa N. Latorre Serra
6 years 5 months ago #21630
by Carissa N. Latorre Serra
Replied by Carissa N. Latorre Serra on topic How much do you charge for month to month fees for apartment leases?
$250 FL
Rose Gallifrey
6 years 5 months ago #21631
by Rose Gallifrey
Replied by Rose Gallifrey on topic How much do you charge for month to month fees for apartment leases?
Oregon (but not all do it the same here) $25 extra for 6 month, $50 for MTM
Kacie Loar
6 years 5 months ago #21632
by Kacie Loar
Replied by Kacie Loar on topic How much do you charge for month to month fees for apartment leases?
Market plus $50-Texas
Benjamin Flatt
6 years 5 months ago #21633
by Benjamin Flatt
Replied by Benjamin Flatt on topic How much do you charge for month to month fees for apartment leases?
$300 AL
Melanie Chavez
6 years 5 months ago #21634
by Melanie Chavez
Replied by Melanie Chavez on topic How much do you charge for month to month fees for apartment leases?
Market + $250 CO
Dana Marie
6 years 5 months ago #21635
by Dana Marie
Replied by Dana Marie on topic How much do you charge for month to month fees for apartment leases?
Up to $500. San Diego, CA
Robin Reich
6 years 5 months ago #21636
by Robin Reich
Replied by Robin Reich on topic How much do you charge for month to month fees for apartment leases?
Austin, Tx: market rent (which is usually at least $100 more/mo, plus $150 mtm monthly fee.
Teresa Stone Bruno
6 years 5 months ago #21637
by Teresa Stone Bruno
Replied by Teresa Stone Bruno on topic How much do you charge for month to month fees for apartment leases?
Market +$100. Arkansas
Beth Burch Stolts
6 years 5 months ago #21638
by Beth Burch Stolts
Replied by Beth Burch Stolts on topic How much do you charge for month to month fees for apartment leases?
10%
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6 years 5 months ago #21639
by Nancy Alex
Replied by Nancy Alex on topic How much do you charge for month to month fees for apartment leases?
You guys are all amazing! I appreciate all the input & the fantastic response in such a short time! Thank You! I am going to research Michigan Landlord Tenant law in regard to This! I didn't see any One else from Michigan!
6 years 5 months ago #21639
by Nancy Alex
Reply to Nancy Alex
Nancy Marquez
6 years 5 months ago #21640
by Nancy Marquez
Replied by Nancy Marquez on topic How much do you charge for month to month fees for apartment leases?
3% Cincinnati
Nichole Granquist
6 years 5 months ago #21641
by Nichole Granquist
Replied by Nichole Granquist on topic How much do you charge for month to month fees for apartment leases?
$300, chicago
Amber Coker
6 years 5 months ago #21642
by Amber Coker
Replied by Amber Coker on topic How much do you charge for month to month fees for apartment leases?
$250 OH
Stacey Lee Kelly
6 years 5 months ago #21643
by Stacey Lee Kelly
Replied by Stacey Lee Kelly on topic How much do you charge for month to month fees for apartment leases?
Market plus $500 AUSTIN Texas
Monica Sommers
6 years 5 months ago #21644
by Monica Sommers
Replied by Monica Sommers on topic How much do you charge for month to month fees for apartment leases?
$200 plus Market from GA
Amanda Beason
6 years 5 months ago #21645
by Amanda Beason
Replied by Amanda Beason on topic How much do you charge for month to month fees for apartment leases?
Market rent + $200 each month. They just tell us the last month when they pay, ie they pay August 1st and they tell us they will be out August 31st. I live in Colorado!
April Moss
6 years 5 months ago #21646
by April Moss
Replied by April Moss on topic How much do you charge for month to month fees for apartment leases?
Market plus $150, increasing by $50 each 60-90 days
Kelly Jones-Wallis
6 years 5 months ago #21647
by Kelly Jones-Wallis
Replied by Kelly Jones-Wallis on topic How much do you charge for month to month fees for apartment leases?
MR plus $100 MTM fee in Florida
Adriana Sanchez Valencia
6 years 5 months ago #21648
by Adriana Sanchez Valencia
Replied by Adriana Sanchez Valencia on topic How much do you charge for month to month fees for apartment leases?
Market plus $100, Florida.
Michelle Cornelison-Cruz
6 years 5 months ago #21649
by Michelle Cornelison-Cruz
Replied by Michelle Cornelison-Cruz on topic How much do you charge for month to month fees for apartment leases?
We are on yield star so it varies. When we purchase a property and before yield star goes live we charge on average $200. We have properties in many states, including MI.
Shawn Davis Akins
6 years 5 months ago #21650
by Shawn Davis Akins
Replied by Shawn Davis Akins on topic How much do you charge for month to month fees for apartment leases?
Current rent + $300
Jera Moran
6 years 5 months ago #21651
by Jera Moran
Replied by Jera Moran on topic How much do you charge for month to month fees for apartment leases?
Tn 150 on top of market
Eve Coven
6 years 5 months ago #21652
by Eve Coven
Replied by Eve Coven on topic How much do you charge for month to month fees for apartment leases?
Mkt rent plus $300 Maryland
Lisa Riggs
6 years 5 months ago #21653
by Lisa Riggs
Replied by Lisa Riggs on topic How much do you charge for month to month fees for apartment leases?
$100 plus market from TX
Tracey Hopkins
6 years 5 months ago #21654
by Tracey Hopkins
Replied by Tracey Hopkins on topic How much do you charge for month to month fees for apartment leases?
Northern California from $300-400 increasing. Where I live - Frisco, TX it’s been from $150-200 but with all the new killer product I see it going as high as $500 no problem!
Villa West Apts
6 years 5 months ago #21655
by Villa West Apts
Replied by Villa West Apts on topic How much do you charge for month to month fees for apartment leases?
Located in Kansas, we’re on LRO & the market determines the MTM rate.
Alyson Canary
6 years 5 months ago #21656
by Alyson Canary
Replied by Alyson Canary on topic How much do you charge for month to month fees for apartment leases?
Market plus 300 and a notice to vacate
Ashley Gibson
6 years 5 months ago #21657
by Ashley Gibson
Replied by Ashley Gibson on topic How much do you charge for month to month fees for apartment leases?
$100+market rent
Brian Lauro
6 years 5 months ago #21658
by Brian Lauro
Replied by Brian Lauro on topic How much do you charge for month to month fees for apartment leases?
I’m surprised to hear so many people still using “market rents” out there with the adaptation of LRO, Yieldstar and the like
Brittney Macom
6 years 5 months ago #21659
by Brittney Macom
Replied by Brittney Macom on topic How much do you charge for month to month fees for apartment leases?
We actually dropped LRO at many of our communities. I know some love LRO but I really like that we set the rates and they don’t fluctuate daily.
Jessica Stroud Otwell
6 years 5 months ago #21660
by Jessica Stroud Otwell
Replied by Jessica Stroud Otwell on topic How much do you charge for month to month fees for apartment leases?
LRO MTM rate plus $200 fee
6 years 5 months ago #21745
by Robert Durham
Replied by Robert Durham on topic How much do you charge for month to month fees for apartment leases?
The entire point of the month to month fee is to get them to sign back into a new contract and tie them into another year of rent. The higher the better to a certain extent. Pushing it too high could result in some "you are trying to screw me over" type feelings from your residents and they may leave with a bad taste. With that being said, the residents that get all the way to not signed a new lease, not put in a notice, and are now being charged month to month fees are going to move out anyways or just needed one more month until they are getting a house, new place, etc. Very small percentage gets to that point and pays for a month like that then signs a new lease to stay. Most of these renters that get to this point simply are charged a prorated amount of the month to month fee due to a late move out, late notice, or late signing of a renewal. If they do pay that fee for a full month then stay, they usually had no where else to go, rent was still more expensive elsewhere due to the loss on lease they have with you and they thought otherwise, or they could afford the higher price of the fee and took their time signing a new lease. Wouldn't that be nice to be able to do!
Of course great costumer service in and out of the office is always the carrot to help avoid using the stick of month to month fees to get them to renew.
Of course great costumer service in and out of the office is always the carrot to help avoid using the stick of month to month fees to get them to renew.
6 years 5 months ago #21745
by Robert Durham
Reply to Robert Durham
Katy Boone
6 years 4 months ago #21773
by Katy Boone
Replied by Katy Boone on topic How much do you charge for month to month fees for apartment leases?
North Carolina - Market + $200
Rachel White
6 years 4 months ago #21776
by Rachel White
Replied by Rachel White on topic How much do you charge for month to month fees for apartment leases?
Market rate plus $100
Don Garcia
6 years 4 months ago #21777
by Don Garcia
Replied by Don Garcia on topic How much do you charge for month to month fees for apartment leases?
I agree that the premium rent is not a satisfactory replacement for a new lease and can lead to ill-timed vacancy. I have chosen to make mt MTM premium around market plus $300. But in an effort to keep the tenant who doesn't want to commit to another full year, I offer a shorter lease term that has a smaller premium than MTM.
It allows me to control the months that my leases end. In california, we seem to definately have a "renting season" where rents are higher. I hate to try to lease October through february. We have such horrid winters here in California (HAHAHA)
It allows me to control the months that my leases end. In california, we seem to definately have a "renting season" where rents are higher. I hate to try to lease October through february. We have such horrid winters here in California (HAHAHA)
4 years 4 weeks ago - 4 years 3 weeks ago #43759
by Stebryn
Replied by Stebryn on topic How much do you charge for month to month fees for apartment leases?
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. I just lived in different apartments, but I felt most comfortable only in this one.