Re: holding apts for tenant to take possession later

Re: holding apts for tenant to take possession later by Anonymous on February 13, 2012 @16:08

In this hot rental market, I would tell the potential tenant that if it is still available on April 1 she/he can apply. The person probably has to give 30 days notice and does not want to pay double rent for a month, but doesn't mind that you will be out the income for a month.

I have split the time in a slower market. In that case their lease is signed and deposit & rent paid immediately.

Have you done a background check and credit report yet?

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Re: holding apts for tenant to take possession later by Anna Mouse on February 13, 2012 @16:58	[ Reply ]

What is the market like? How many qualified people have you shown it to? Are you screening? I post under this message and want to second the opinion but wonder what your market is like.

Re: holding apts for tenant to take possession later by Jean (PA) on February 14, 2012 @08:29	[ Reply ]

Historically since I've had my places this is a terrible time to have a vacancy. It's slow for people to move and the quality of tenants are poor as they are usually getting the boot from somewhere else. Back in October I advertised a 1 BR and had so many responses I had to stop showing the place. This 1 BR I've had only 4 and this girl that doesn't want it till April 1st because she currently is in a lease till 3/31 is the best that has looked at it. So in a small town it's somewhat different than in bigger areas. But I agree with some type of holding fee and an agreement binding her to signing a lease or lose the fee. We'll see how it goes. Thanks for all the advice.

Re: holding apts for tenant to take possession later by EM (TX) on February 13, 2012 @17:54	[ Reply ]

Yes--the solution is either to split time (tenant pays half of March) or move on and find a different tenant. Do not even consider this option, however, unless the tenant has good credit and is otherwise qualified.