My tenants just moved out! Now what?

Wednesday, August 11th, 2010

Have you ever had a tenant move out in the middle of the night?  No warning, no call, NOTHING… Well this can be very frustrating or even scary if you NEED the rent to pay your mortgage.  My first piece of advice is don’t panic.  Don’t focus on the anger and frustration of the situation; instead, focus on the solution.  Get the property re-rented ASAP!  Immediately work to get your property ready for the new tenants.  Go over and inspect the unit to get an accurate repair list ready, call your contractor to schedule an appointment for an estimate, get the utilities turned on if needed, put a for rent sign in the front yard, run an ad in the local paper, Greensheet or Penny Saver, and for heaven’s sake don’t forget to file for an eviction.  Remember, don’t focus on the problem; focus on the solution. Happy Renting!

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