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Updated almost 13 years ago,
Showing units during turnover
We have had our first couple turnovers this year. So far this has been the sequence of events:
1)waited till the tenant moved out (usually the last day of the month)
2)spent a couple days getting the unit ready
3)listed and showed the unit (usually have a new tenant lined up within a couple days)
4)waited till the beginning of the next month for the new tenant to be able to move in
This means that I am losing 1 to 1.5 months rent with a turnover. I'm thinking there must be a better approach, but all I can think is to show the unit while it's currently occupied.
Does anyone do this? It seems like a huge pain to coordinate with the old tenants for every showing and hope they have the property presentable. I know I could specify in my lease that they are required to allow showings, but is it worth it?
...or would you just accept the lost rent as a cost of doing business in exchange for the convenience of leasing the property on your schedule?
- Josh Sterling
- Podcast Guest on Show #64