Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago on . Most recent reply

User Stats

18
Posts
5
Votes
Brandon Blankman
  • Wichita, KS
5
Votes |
18
Posts

Old Tenant Supposedly Moving Issue

Brandon Blankman
  • Wichita, KS
Posted

So current situation: Old tenant is on a month to month lease. They had expressed they were purchasing a home back in October. Their lease rolled over into a month to month at the end of November. Old tenant had given me notice they planned to be out on Dec 15th. So naturally I started my process of finding a new tenant. As luck had it I found one with in hours of posting my listing. They were eager to move in as soon as they old tenants got things out starting on the 17th. So in order to help old tenants I just charged them a prorated amount through Dec 15. Just as things were going so smoothly they notified me yesterday that the contract on the prospective home might fall through due to some complications. Now they are saying they might be staying. So far I have been relaying information to the new tenants but if the old tenants decide to stay I would be losing out on a rent increase and risk the old tenants moving out in the near future and losing my very qualified new tenants. Any suggestions on how to proceed? 

Most Popular Reply

User Stats

18
Posts
5
Votes
Brandon Blankman
  • Wichita, KS
5
Votes |
18
Posts
Brandon Blankman
  • Wichita, KS
Replied

Updated: 

Was able to get the old tenants out by giving back their deposit so they can close early on the house. Took a small hit as a bedroom door was damaged but in the end I think it was worth the $100 hit to get them out and get the new tenants in. In all it was a quick turn around and things worked out. Also ended up with a nice charcoal grill that was left behind so there is a plus. 

Loading replies...