Prop. Mgt. Nitty-Gritty: "Back to Back" turns:

[Joffrey Long]

"Back to Back" turns: What I mean is, tenant Frank gave me 30 days notice and is leaving on May 1, I'm already showing the unit and I'm hoping to line up the next tenant to move in about a week after Frank leaves, just giving me time to ready it for the next move in.

I've done this a lot, and now have a clause (addendum) to my lease that requires tenants to cooperate with showings when they give notice.

Granted, it doesn't work sometimes if your present tenant is a "piggy," but sometimes it has been smooth, and tenant A leaves on Saturday, we're working the next 5 days, and tenant B moves in the next Saturday.

I generally go lower on my rent (by 5%) from market as it's worthwhile to get someone in faster rather than wait for higher rent, but overall, I'm thrilled with the results so far, where I've been able to make it work.

Would like to hear feedback, thoughts on this.

(I'm in a "hot" rental market in LA, Orange, and Riverside Counties in Southern California. I realize this theory might not work in some markets.)

Joffrey Long