Finding renters before the year ends

[Pavan Sandhu]

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?

[Kim Meredith Hampton]

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