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[quote=Anonymous]It’s all about individual tenant quality, there are great and PITA long and short term tenants.  The one valid reason to not want a very long term tenants is limitation on how much you can raise the rent and inability to do any major improvement if you want to capitalize more on how much you can collect, like remodel, creating extra bedroom/bath, etc.  The latter (inability to do major work since people live there) can also backfire if property gets rundown and tenant cannot do proper maintenance and doesn’t alert you to things that don’t matter to them but matter in the long run.

So, 2 things: Collecting lower rent than what market pays, because it’s hard to raise rent on a good tenant and force people out.  And potentially dealing with bigger issues due to neglected maintenance when long term tenant moves out.  Latter is especially true for SFH rentals with landscaping/outdoor spaces that have to be maintained in proper order that tenants tend to not pay much attention to. [/quote]

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