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Updated over 2 years ago on . Most recent reply
Prosepctive tenant wants me to hold rental without them paying $
I am seeing a slow down in days on market for leasing single family homes in the last month and a significant increase in inventory during the same time. I found a renter who wants to rent my house starting in 30 days. I asked them to sign a contract and pay the first month rent plus a deposit worth one month rent. They think that is unfair. They don't want to pay any money until 30 days from now when they move in. They are willing to sign the contract but no money. My instincts are: that holds my house off the market for them, but they can back out and I can lose time and money. Just wanted to know if anyone agrees with these prospective tenants. I hate to lose them.
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Bjorn Ahlblad
#5 Multi-Family and Apartment Investing Contributor
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@George P. I would not dream of giving in. Plenty of fish in that ocean. Keep marketing next candidate is around the corner. All the best!!