Tuesday, May 21, 2013

Landlord Quick Tip – Handling A Vacancy– Source: AAOA


Landlord Quick Tip – Handling A Vacancy– Source: AAOA

In handling a vacancy, especially when a landlord first speaks with a tenant about one, an important first question for the tenant is, “When are you planning to move?”  This is the first question that will be followed by some others when a landlord asks a renter about a vacancy.

The landlord should not assume that tenant prospects are looking to move into an apartment in the near future when they inquire about vacancy.

Here is a typical example about a delayed move-in date, students.  During the summertime, they will be thinking about moving in during the fall, and not the summer.  (Please accept the spirit of this last sentence, and ignore the technicalities.)

By asking a tenant prospect about their move-in timeline, you can avoid the frustrating question, “Can you hold it open for me – for a couple of months?”  Even if you can, collect a holding fee to ensure that the prospect will become a tenant at the agreed upon date.


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