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Updated over 2 years ago on . Most recent reply

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Mary Eubanks
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Tenant wants to lease 45 days out

Mary Eubanks
Posted

First timer to long term leasing. I have received a request from a prospect that has 3 huskys, on a Chapter 13 repayment plan, but has great 5-year rental payment history, and is relocating from another state but not until March. While I have no problem with any of this, the home is vacant now. Any ideas on what I can propose if they don't want to lose it and I can start covering the monthly payment? My only thought is to ask them to sign a lease to start February 1st, not sure if they will go for that. Any advice is much appreciated.

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Leo R.
  • Investor
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Leo R.
  • Investor
Replied
Quote from @Nathan Grabau:

I would not do this unless the property is very hard to rent. I would much rather take a $100-200 cut to increase tenant interest, than lose 45 days, deal with 3 large dogs in the property, with someone who is emerging from bankruptcy. 

If you do, I would make sure you get first months rent and the deposit at signing, so if they change their mind about moving you are not left with nothing. 


 100%

Personally, I'd collect deposit, first month's rent, AND last month's rent at signing.

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