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- The longest tenant we've ever had in place in a single property was 30 years, 30 years think about that. That tenant in essence paid the entire mortgage for that landlord in a property, never moved, no turnover. That means over the course of 30 years we handled 30 lease renewals just with that one tenant. Now we handle hundreds and hundreds of lease renewals every year. Someone offered just a couple ideas for lease renewal tips really whether you're self managing your property or you're working with the property manager and tip number one is this, remember that turnover is your biggest expense you do not want turnover. If you have a good tenant in place you do not want that tenant to move, you need to do everything within your power to keep that tenant in place. Imagine my tenant a moment ago that I just spoke about that had a 30 year lease duration, let's pretend we compare and contrast that to a tenant that maybe moved every two years. If a tenant moves every two years over 30 yea...
