Unit not ready....

[Jake Kozul]

I have an overlap on one of my college rental homes, which apparently is pretty common in this market as the major universities there are on semesters and trimesters. The current tenant cannot leave until the 15th now due to there home not being ready, and now the incoming tenants were scheduled to move in the 1st, so they are delayed. This actually happened in my other unit, however the students co-inhabited for a month and it worked itself out. I own almost 40 units, and have never had this come up before. Any suggestions, ideas, possible repercussions? 

[Penny Clark]

@Jake Kozul, is the tenant whose house is not ready, going to pay the additional rent  and is the incoming tenant able and willing to stay at current residence? Life happens and this is really your outgoing tenant's problem. If the tenant gave notice and is now suddenly delayed, other arrangements should have been made by that tenant(stay with a friend or in a hotel and put items in storage, etc.) If your incoming tenant and you are able and willing to accommodate this sudden change in plans (assuming you'll get the additional rent due you), then do it, but honestly, this is a SEP (somebody else's problem).