TIP OF THE WEEK
for the week of November 16, 2009
DON'T STOP MARKETING VACANCY UNTIL YOU HAVE MONEY AND SIGNED LEASEWisdom from an experienced landlord and property manager: Do NOT stop marketing your rental until you have a SIGNED lease and money for deposit and first month's rent from rental applicant. And yes, that means getting the signed lease even weeks before the resident moves in. Getting the lease signed for the anticipated move-in date and money in bank should ALWAYS be the goal. Many landlords mistakenly stop marketing their rental simply and because someone gives a deposit for a future move-in date. The problem is that often, for various reasons, the applicant does not move-in on that date, and now the landlord has to start all over again trying to fill the vacancy and valuable time has been lost as the house continues to sit empty. Even if someone gives a deposit, do NOT just sit, and hope the applicant is able to move-in weeks later as promised, keep marketing. If someone truly wants you to "hold" a place, have them give required money and come in and SIGN the lease based on the anticipated move-in date. There's no excuse for simply holding a place "without" a signed lease. That's why it's called LEASING! If you have never joined us on one of our annual Landlord Getaway Cruise Conferences, do all that you can to join us on the next one as we celebrate our 20th Annual Cruise Conference. Click here to learn more about this awesome event.
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