Updated almost 15 years ago on . Most recent reply
#3 Questions About BiggerPockets & Official Site Announcements Contributor
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New tenants don't want to move in quite yet. What would you do?
#3 Questions About BiggerPockets & Official Site Announcements Contributor
- Investor
- Maui, HI
I'm sure this happens to you often:
A tenant moves out on the first, and their home needs repair. So you spend 5 days fixing it up and getting it "rent ready" again. But now you've missed the biggest rush of potential tenants who want to move in the first of the month.
This happened to me, and I'm wondering what others do in this situation. We found some quality tenants who would like to move in, but not for 3 weeks at the start of next month. Should I take the 3 week loss in rent (getting the deposit to hold, of course), or keep looking for someone else who can move in sooner?
Suggestions? Thoughts?
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#3 Real Estate Deal Analysis & Advice Contributor
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#3 Real Estate Deal Analysis & Advice Contributor
- Rental Property Investor
- Mercer Island, WA
If they're willing to give you the deposit right now on a non-refundable basis, and they meet your criteria, I'd take them. If they're unwilling to hand over the deposit on a non-refundable basis, keep looking. If you don't get anyone else, sign them up closer to the end of the month.