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Updated over 4 years ago on . Most recent reply

User Stats

129
Posts
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Reggie Rearden
  • Rental Property Investor
  • Aiken, SC
44
Votes |
129
Posts

How far out to sign a lease

Reggie Rearden
  • Rental Property Investor
  • Aiken, SC
Posted

I just picked up (3) BRRRR's in the past 2 months. One is being rented tomorrow (11/28/20), 1 will be ready January 1, and the other February 1. The 2 houses that are still under rehab are already being sought after and potential tenants want to sign leases now so they'll have them locked in. How far out do ya'll generally start signing contracts with tenants? I already had their applications on file from where they applied for another one of my rentals and they both qualify for the homes.

  • Reggie Rearden
  • Most Popular Reply

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    2,458
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    Lynnette E.
    • Rental Property Investor
    • Tennessee
    2,400
    Votes |
    2,458
    Posts
    Lynnette E.
    • Rental Property Investor
    • Tennessee
    Replied

    I won't sign them until I am sure the place will be complete on a specific date.  Construction does not go by the schedule I make, and I do not want homeless future tenants.

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