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 and straightforward, “Should I hold a house vacant for a prospective tenant?”
My opinion about holding a rental house vacant is that, you shouldn’t. The reason being is however long this prospective tenant takes to make a decision, that is potential loss of income for you. You are potentially losing out on other qualified applicants.
We have a pretty firm no hold policy. With that being said, the only thing that is going to hold a house for somebody is a signed lease.
What we have seen is if you put a deadline on something, most human beings are going to procrastinate. A prospective tenant may ask you to hold a rental house for a week or even 30 days. The majority of people are going to find a way to stretch that out as long as possible. But, if you tell them the only reason you will hold a house is if you have a signed lease, they will be more inclined to make things happen.
I hope this helps provide insight as to why you should not hold a house vacant for a prospective tenant.
If you have any questions feel free to reach out to me and let me know. I’ll be glad to help.