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Updated about 14 years ago on . Most recent reply

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Bienes Raices
  • Orlando, FL
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Continue marketing to "backup" applicants?

Bienes Raices
  • Orlando, FL
Posted

When you approve an applicant and get the non-refunable holding deposit so that they can move in on the first of the next month, are you supposed to continue marketing and showingt the place to "backup" tenants in case the group that placed the deposit flakes out and doesn't move in?

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Bryan Hancock#4 Off Topic Contributor
  • Investor
  • Round Rock, TX
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Bryan Hancock#4 Off Topic Contributor
  • Investor
  • Round Rock, TX
Replied

My theory is that you can continue marketing it until the lease is signed and all of the money is collected. I am assuming you are talking about a lease and not an owner finance purchase.

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