How do you handle turnovers?

[Quintin Mortensen]

I'm newish to investing and I have my first tenant from Salt Lake City, Utah moving out at the end of the month. Just wondering the process you go through to get a new tenant in?

How soon do I advertise? 

Do you try to show the place with old renters still in there?

Is there any process I should avoid or look out for?

Thanks so much in advance for your advice.

[John Thedford]

The sooner you start advertising the better. My lease states I may advertise and show the property the last 30 days. It provides I must give 24 hours advance notice. If you are on good terms with the current tenants tell them you want to start showing it and tell them you will give them 24 hours advance notice. Be sure and put these stipulations in your next lease to avoid any issues.