Now is the HARD Part * Adjusting Tenancies to AVOID Winter Move-Outs

By
Real Estate Broker/Owner with Gibson Management Group, Ltd.
http://actvra.in/Jjy

About 5 years ago, through no fault of my own, I had a high-end rental with a February move-in.  The residents, after picking up the keys, called wanting to know who was going to come clear the path for their movers to their furniture into the basement area.

This CURED me of having people move in when weather might be a problem so I have learned to adjust my lease end dates by providing new renters with a choice of lease end dates for the next spring or summer.


They think they are getting a longer term lease at the lower rent and $AVING MONEY and I know that I am actually SAVING wear and tear on the hardwood and carpets of the property by eliminating move-in and move-outs when moisture may be a problem.

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Topic:
ActiveRain Community
Location:
Virginia Albemarle County Charlottesville
Groups:
Investing for Dummies
CHARLOTTESVILLE REAL ESTATE
Investors
Property Management
Landlord Issues
Tags:
homes for rent
charlottesville homes for lease
rental property management
landlordwhisperer

Comments 7 New Comment

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Rainmaker
195,875
Cathy Wilder
Adult Community specialist
Award Realty

Sometimes experience is the best teacher    

September 27, 2012 03:46 PM
Rainmaker
604,779
Sussie Sutton
UTR TEXAS Realtors - Rep for buyers and sellers.
UTR Texas Realtors

Wallace....you are one very wise woman.  I wanted to say that I love your name, Wallace...was that your dads name? I named my first daughter Tommie. I love that name too.

September 27, 2012 07:10 PM
Rainmaker
867,093
Joe Petrowsky
Your Mortgage Consultant for Life
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709

Really smart when you can do it. I am always changing the terms of my leases, so that I avoid this kind of issue. The only thing that gets in the way, I don't always know when I'm going to buy a property. At that point, the clock is off.

September 28, 2012 02:02 AM
Rainmaker
999,906
Conrad Allen
Webster, Ma, Realtor
Re/Max Professional Associates

Hi Wallace.  Great idea.  I have the same issue as Joe.

September 28, 2012 03:51 AM
Rainmaker
409,412
Michelle Francis
Realtor, Buckhead Atlanta Homes for Sale & Lease
Tim Francis Realty LLC

Wallace, 

We don't have the snow problem, but the overall leasing market is so much better spring, summer and early winter, we tend to make those are move-in/out times IF at all possible.

Thanks, Michelle

September 28, 2012 06:35 AM
Rainmaker
1,076,164
Wallace S. Gibson, CPM
LandlordWhisperer
Gibson Management Group, Ltd.

Having no power is another issue if trees are down and people want to move in through garages or late in the evenings...too much potential for a SNAFU with winter-move-ins

September 29, 2012 09:37 AM
Rainmaker
1,564,381
Debbie Gartner
The Flooring Girl - Westchester hardwood flooring
Floor Coverings International Westchester NY & Stamford CT

Wallace  - That is a really smart plan.  It seems to be a win win for everyone involved.

September 30, 2012 03:55 AM
Show All Comments
Rainmaker
1,076,164

Wallace S. Gibson, CPM

LandlordWhisperer
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