Let’s say the tenant moves out and you’re looking for another tenant to start the process. How much time do you have?
If you do this the way I teach it, you’ll find that you’ll have the house leased before the tenant actually moves out. The only situation we’d have where the tenant moves out before we have the house leased…because we have a 30 day notice from the tenants. It only takes us 3 weeks to lease it. We lease it within 3 weeks of that tenant giving us notice. On the other hand, if the tenant just moves out on us, we’ve got that 3-month security deposit. You say well what about the person who has the 1-month security deposit…you don’t get it…they’re perfect. They don’t do that. That’s why their credit report is perfect. That’s why it stays perfect…that’s what perfect means.
Related Questions
- If the tenant is in arrears and the landlord gives notice, will you let the next landlord know if the tenant moves into a new property they haven’t paid their previous landlord?
- Let’s say the tenant moves out and you’re looking for another tenant to start the process. How much time do you have?
- How much time does a landlord have to return a security deposit after the tenant moves out?
