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Updated over 8 years ago on . Most recent reply

Pavan Sandhu's profile image
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Pavan Sandhu
  • Developer
  • from Sacramento, CA
  • Member since Jul 15, 2016
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Pavan Sandhu's profile image
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Pavan Sandhu
  • Developer
  • from Sacramento, CA
  • Member since Jul 15, 2016
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Pavan Sandhu
  • Developer
  • Sacramento, CA
143
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464
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General Landlording & Rental Properties

Finding renters before the year ends

Pavan Sandhu
  • Developer
  • Sacramento, CA
Posted

Hi fellow real estate investors,

I purchased my first triplex and will have all repairs and rehab complete in 1 of the 3 units tomorrow. The other will follow in the subsequent week.

Question is should i get someone in before the year ends or just find a renter and have their lease start Jan. 1?

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Kim Meredith Hampton's profile image
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Kim Meredith Hampton
  • Real Estate Broker
  • from St Petersburg
  • Member since Aug 25, 2014
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Kim Meredith Hampton
  • Real Estate Broker
  • from St Petersburg
  • Member since Aug 25, 2014
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Kim Meredith Hampton
  • Real Estate Broker
  • St Petersburg
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Kim Meredith Hampton
  • Real Estate Broker
  • St Petersburg
Replied

If I have someone moving in on the 10,15, 25th, I still collect the first full months rent, then I prorate the second month. I think this process helps pay your bills right away and make sense with most renters

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