Steps to take after tenant gives notice of intent to vacate.

[Jason Krawitz]

Good afternoon! I feel like I use this forum like an advice prostitute except the advice is free! (KIDDING) Thank you in advance. You have all been super helpful since I started this journey and I need to get better at actively participating.

I own 1 rental property and have my first set of tenants still. They've been AWESOME but all good things must come to an end. When the first 15 month lease was nearing expiration, we agreed to a month to month agreement with a 120 move out notice/clause, essentially working like a 5 month lease that auto-renewed each month. They wanted the flexibility because they knew they would be moving and I wanted more than a month to month lease.

Well, a few weeks ago my tenants notified me they will be moving to Charlotte NC soon. They didn't give me an exact date but based on the terms of the lease, the end of October would be when their half of our agreement is fulfilled.

My question is what should I do? Just sit and wait? Is there a letter I need to send them? I'm a complete novice and have been very fortunate with great first tenants. I want to do this part right just as much as the screening and lease initiation parts.

Also - How soon should I list the property as available for rent again and begin showing it if they won't be moving out until October?

Thank you so much!

Jason