All Forum Posts by: Account Closed

Kinda what I thought as well. I mean if they're willing to leave it for free and they say they did a great job, I would find time to check it out in person. Unless you just don't want to deal with STR/MTR.

My guess is they may just be proud of how it turned out and want to show it off.

 Exactly, or they're already doing it. How do you know they've actually been living there? 

You could probably rent for a higher amount to someone else since rents are up. Why don't you take the one month security and re-rent to someone else for more money?

You should be glad she's actually leaving. A lot of these people just squat in the property. Keeping the deposit, assuming no damages, just buys you a month to get it turned. Her asking a month ago about early termination was a warning sign for you - how do you know she didn't get a hint that she might be downsized?

Lesson: don't sign 2 year leases. A lease that long is only good for the tenant unless you have some weird, oddball property that no one wants to rent, in which case you should sell it and get something better. If your tenant leaves the place in good shape, with the way rents have been climbing this should be a win for you. It sounds like you're taking it personal. 

That stinks.  I'm so sorry to hear that this happened to you.  It is hard when you think you don't have to worry about filling a property and then you are blind-sided with this kind of thing.  It really blows.  But, in my personal opinion, it will take a lot more time, effort, energy, blood, sweat and tears to try and hold this person to the lease, take them to court, and also to have a disgruntled tenant living in your property.  I think if I were in the same position I would grumble about it and complain a bunch, but then I would just say okay.  Time to turn this unit and I'd go through the process of getting her out and getting the place looking great and I would see if I can get a little more for the rent to make up for the trouble.  That's just me and obviously everyone has their own course of action.  I just think that as investors our time is so valuable that sometimes dealing with things like this can be wasteful of our peace and focus.  

Whatever you do, I wish you luck and I hope that it goes well and you get a great new tenant. 

@Account Closed Yes there are some inconsistencies here, the questions a month age and the mention of the 'family lawyer'. It could be worse, she could stay, not pay, and tell you to talk to her attorney. If it were me I'd get the place ready for a new tenant, and forget about the current one. The rental market is great most places so finding a new tenant should not be too difficult. You could tell her she is responsible for rent until you find a new tenant. I know you are not happy about this but it is part of being a landlord. All the best!