Renter gave notice, when should I advertise?

[Alec Miller]

Hello,

I had a great renter for four years.  She gave notice that she is moving out in 3 months.  I don't want to have a lapse in renters.  How soon is too soon to advertise?  

[Kelly N.]

Hi Alec,

I would start now, I usually fill upcoming vacancies 2-3 months in advance.  While you are showing the property, make a note of anything that will need to be fixed before the new tenant moves in and make a plan to get that taken care of so you have minimal time between tenants. 

I show my apartments while they are still occupied, so I schedule a two hour window with the tenants and all appointments to prospective tenants at 15 minute intervals within that window.  I prefer this to open houses since I can't watch everyone visiting during an open house to make sure they are not walking off with the current tenant's stuff, and I know who will be there- being on time is part of my screening process.

Kelly

[Matthew Paul]

It depends on the condition of the property , this is the time to paint , repair and do any improvements . I dont show till they are ready 

[Alec Miller]

Thanks Kelly,  I have already made a list of issues that need correcting.  A very short list.  I rehabbed the house prior to this tenant, and she took great care of it.  I will get to work asap.

Matthew, thanks for the reply too.

[James Wise]

When the tenant moves out. 

You can assess and perform all repairs at that time. You will also know for a fact that the unit is ready.

Filling in advance can run you into problems. 

What if your tenant doesn't actually move out when they are supposed to?