Updated over 2 years ago on . Most recent reply
Do I hold a rental?
I am a few weeks from finishing a rental. A family called about another house that was already spoken for and asked if I any other properties. They came over yesterday to look at the house while I was painting and want to put a security deposit down to hold it and move in April 1st. I haven't even listed it yet. They live a few blocks away from the house and want to move into mine. She called today and said they want to honor their current rent for March. They are currently renting from a friend.
Do I hold it for them?
Most Popular Reply
If you are "a few weeks from finishing", and they want to move in 4 weeks, what's the problem?
Are you holding it for them, or rushing to finish it in time for them?
Isn't your alternative is to spend "a few weeks" finishing it, then list it for rent, then show it, then wait for approved tenants to move in? That could take anywhere from 2-6 weeks, after you finish and list it.
Obviously you'll want to make sure they are well-qualified, but otherwise I don't understand your dilemma.
- Jeff Copeland