Tenants want to leave

[Corey Drexler]

Our tenants notified us that they cannot afford the rent (unit is already under market rent)and want to move out. They are paying the early termination fee and said to be moved out by Dec. 11th. We want to paint and put new floors so we can raise the rent again to about 950 for a 4bd 2 bath. Not knowing the full scope of work needed yet to turn over unit, do I start marketing/showing the unit right away for a jan move in...?? Or do I we finish the work then take pics and market it??

[Jim S.]

I would wait until they are out, (sometime furniture hide needed repairs) and inspect. How can you promise to have it ready when you don't even know what it needs. But that's just me.