General Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated 5 months ago, 08/09/2024
Current Tenant in Home Buying Process
Hi all,
I am wondering if someone has dealt with a similar scenario and can offer advice:
I have a tenant with their lease ending in November. They are in the home buying process but may not find a home until next year. I am curious on how I should handle the news that they have an accepted offer. Should I then start showing the home? What if their deal doesn’t close?
Plan currently is to offer a six month lease when their current lease ends to have it end in summer, with the thought that at any point they would give me their notice of vacating hopefully with atleast 30-45 days to find a new tenant. Just not sure if I should worry about the deal not closing.