We are newish property investors. One of our properties is in a college town and we are renting rooms to students in a single family property. We have two rooms available for the upcoming school year. Our question is we have a person who has already signed a lease for the upcoming school year, he has not chosen which room he would like because he is coming from out of town. We also have a local student who wants to come to look at the property this week and hopefully sign a lease as well. Should we show him both rooms and say you can only have the room after the first person has chosen his room? If he signs should he be able to pick the room now and have the other person take the remaining even though he signed his lease first? Does it really matter? The rooms are all the same size and we are charging the same price per room.
Hey @Kyle Lindsey, I'm not sure how much it really matters. They could switch rooms once they both get there as well if they want to. However, could you give a deadline to the first student? You could do a video tour (upload to Youtube for next time) and have them choose that way.