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9 Steps I Took to Successfully Fill a Tenant Vacancy While OverseasBy Elizabeth Colegrove
I am a self-managing landlord. Since Murphy loves me, that means that I get to work even while on vacation. I have handled tenants while I was in Bahrain, Abu Dhabi, Singapore, and most recently, while on vacation in Fiji celebrating the holidays and my 28th (years young, of course) birthday. Over the years, I have had many questions. Therefore, I wanted to put together an article on how to successfully place a tenant — even while vacationing overseas.
A few background points and tips to keep in mind:
- I should have never had a vacancy. This house still had six months left on the lease. The only reason I even had to worry about it while I was on vacation was because my tenant could no longer get along. I had intentionally set it up so there would be no houses coming up while I was on vacation.
- Don't feel bad about holding your tenants' feet to the fire. These tenants were totally my problem children. They tried to use fake orders. I not only asked detailed questions of the admin person they had been working with, but I also told them I would verify it. In addition I followed up with housing and asked for help to verify that they were truly breaking the lease.
- Thank goodness for my break lease clause. I have learned the hard way that if you don't have a break lease fee as a self-managing landlord, you can only charge for your expense. Unfortunately, your time is not considered an actual expense. Therefore, if it's not in the lease, you cannot charge it in my experience.
The tenants did not have the house professionally cleaned before they left, and the landscaping was a mess. I decided to just deal with the loss of rent and leave the house vacant. My plan was to deal with the house when I got back. Yup, that's when Murphy loved me and decided I was going to place a tenant while on my vacation.
9 Steps to Filling a Tenant Vacancy From AfarSo here is how I did it.
- I used Postlets. I always use Postlets.com. I list in one location as my primary.
- I wanted for a response. I was planning on just following up when I got back from vacation. I knew that was a huge risk, as with tenants you need to respond ASAP. Yet I needed a break, so it was a risk I decided to take — until I received multiple inquiries from my applicant.
- I called the applicant (using Skype and then my phone because of the awesome internet), and they were interested in seeing it right away. I had left a key with my best friend. She agreed to show the house, and they went and saw the house 20 minutes later.
- The tenant toured my opposite-of-make-ready house, but they were already in loved with it because of the location. They said it was exactly what they wanted. (Note: If it's the right house, people, sign a lease even if it is not ready. I learned the valuable lesson to never not show a house because of the condition.)
- After they saw the house, I followed up by text to see if they had any questions or concerns. They said they had none, so I asked if they wished to proceed. They did, so I reviewed the checklist with them again. They sent me over the documents. I emailed them the application and credit/background check.
- Once I had all the documents, I let them know they were approved, and I asked if they wished to proceed.
- Once they agreed, I emailed a PDF copy of my lease over to the tenants. I then called them on Skype and later on my cellphone to go through the lease.
- We reviewed all 16-plus pages of my lease together, with me answering any questions. They only had clarification questions. No changes were made.
- I had them drop off the check and the lease with my friend. It was the quickest way to get it finished (mistake #4).