How Long Should I Hold My Vacant House For A Prospective Tenant In Chattanooga?
What’s up, everybody? Alex Smith here from gkhouses Chattanooga. I wanted to do another Questions Owners Ask. Today’s question is pretty simple, pretty straightforward, “Should I hold a vacant house for a prospective tenant?”
My opinion about holding a rental house is that, you shouldn’t. The reason being is however long this prospective tenant takes to make a decision, that’s potential loss of income for you.
That’s showing, you know, you’re potentially losing out on other qualified applicants. What we do is we do a pretty firm no hold policy.
So the only thing that’s gonna hold a house for somebody is a signed lease.
Typically, what we’ve seen is if you put a deadline on something, most human beings are gonna procrastinate, so what that looks like for a rental house is prospective tenant ask you to hold a rental house for a week or 30 days.
You know, most people are probably going to find a way to stretch that out as long as possible, but if you tell them, ” You know, the only thing that’s gonna get you in there is a signed lease, and that’s the only thing I can do to hold it for you.”
You know, it puts the onus on them to make things happen and make a decision.
So hope this video about How Long Should I Hold My Vacant House For A Prospective Tenant In Chattanooga helps.
If you have any questions, you know, feel free to reach out to me and let me know. I’ll be glad to help.
Thank you, everyone for joining me in this video and I will be back to you with another video on such topics. Until, then take care. See you.