Advertising my "Comin Soon" Property

[Suzy Farman]

Los Angeles City here~

Our 3 bedroom 2 bath, fully gated, pet friendly, flexible lease term, located in Sherman Oaks 91403 near Galleria is coming to market for rent in July 1st. Is it to soon to start advertising it?

Thank you,

[Rick Albert]

There are two parts to this:

1. Airbnb: Pass. LA has laws restricting it if it isn't a primary residence, no more than 120 days, etc. If you are talking mid-term that is a different conversation. Even then I would really run the numbers to see if it makes sense since there are additional costs (utilities, internet, etc.)

2. You can but even the best tenants may unintentionally trash the place. What might have been a week to fix everything my turn into 2+ weeks or worse. If you had a tenant lined up, you could end up in trouble. And there is a difference between viewing it before they move out versus after.

3. I know it may sound extreme (and maybe I'm paranoid), but what if you find a tenant today but come June/July they lost their job, took on debt, etc.? Are you going have them reapply?

Option: Start advertising it now and get an interest list. As you get closer, you can keep them informed as to what's going on. That way when July hits, you schedule everyone for one last tour and call it.