Hardest part of a Vacancy
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Hardest part of a Vacancy (by Robert J [CA]) Dec 6, 2022 11:44 PM
       Hardest part of a Vacancy (by Oregon Woodsmoke [ID]) Dec 7, 2022 1:22 AM
       Hardest part of a Vacancy (by Jim in O C [CA]) Dec 7, 2022 4:13 AM
       Hardest part of a Vacancy (by Bonanza [NC]) Dec 7, 2022 6:19 AM
       Hardest part of a Vacancy (by MC [PA]) Dec 7, 2022 6:19 AM
       Hardest part of a Vacancy (by Ray-N-Pa [PA]) Dec 7, 2022 8:47 AM
       Hardest part of a Vacancy (by Still Learning [NH]) Dec 7, 2022 10:23 AM
       Hardest part of a Vacancy (by mapleaf18 [NY]) Dec 7, 2022 10:53 AM
       Hardest part of a Vacancy (by RB [TN]) Dec 7, 2022 11:07 AM
       Hardest part of a Vacancy (by Allym [NJ]) Dec 7, 2022 5:15 PM
       Hardest part of a Vacancy (by 6x6 [TN]) Dec 7, 2022 6:35 PM
       Hardest part of a Vacancy (by 6x6 [TN]) Dec 7, 2022 6:37 PM
       Hardest part of a Vacancy (by ed [CA]) Dec 7, 2022 8:52 PM
       Hardest part of a Vacancy (by DD [FL]) Dec 7, 2022 11:19 PM
       Hardest part of a Vacancy (by Robert J [CA]) Dec 8, 2022 1:34 AM
       Hardest part of a Vacancy (by myob [GA]) Dec 8, 2022 7:50 AM
       Hardest part of a Vacancy (by tryan [MA]) Dec 8, 2022 4:01 PM
       Hardest part of a Vacancy (by Salernitana [CA]) Dec 8, 2022 4:19 PM
       Hardest part of a Vacancy (by myob [GA]) Dec 8, 2022 8:53 PM
       Hardest part of a Vacancy (by Fishsticks913 [IA]) Dec 9, 2022 4:15 PM
       Hardest part of a Vacancy (by Hoosier [IN]) Dec 9, 2022 8:09 PM
       Hardest part of a Vacancy (by Salernitana [CA]) Dec 10, 2022 1:25 AM
       Hardest part of a Vacancy (by myob [GA]) Dec 10, 2022 8:48 AM
       Hardest part of a Vacancy (by GKARL [PA]) Dec 10, 2022 10:34 PM


Hardest part of a Vacancy (by Robert J [CA]) Posted on: Dec 6, 2022 11:44 PM
Message:

Most owners are fearful of a tenant leaving and then having a vacancy.

Some landlords will make questionable judgements either to "Keep" and existing "marginal" tenant rather then putting in the effort to find a suitable replacement.

What part of a vacancy do you dredge the most? Here is a short list:

1) Dealing the old tenants damages and deposit return?

2) Dealing with the repairs and contractors/handymen?

3) Deciding to slap on a coat of paint or due some costly upgrading?

4) Advertising and screening applicants?

5) Deciding which applicant to accept and put out a new lease, etc.?

6) Deciding on how much you're going raise the rent and turn a negative move out into a profitable upgrade (New tenant at a higher rent)?

In my case I hate waiting around for people to show up at an open house. So I kill 2 birds with one stone. I leave curtain things for the end and work on the unit during my open houses. Such as hanging the mini-blinds. Installing the new hardware on cabinets or replacing the screens. --47.156.xx.xx




Hardest part of a Vacancy (by Oregon Woodsmoke [ID]) Posted on: Dec 7, 2022 1:22 AM
Message:

Hardest part is applicant screening and the worry that I will miss something and let a professional tenant in.

Most of my applicants lie about something or another. Smoking is one of the big lies. Lying about their landlord reference is a favorite lie.

They lie about how many people will live there and they lie about their pets.

Its a mine field to maneuver through to catch the lies and reject the bad tenants and still not do anything to violate all of their tenant rights. --76.178.xxx.xxx




Hardest part of a Vacancy (by Jim in O C [CA]) Posted on: Dec 7, 2022 4:13 AM
Message:

Today it is dealing with the massive number of phony service and emotional support animals. That’s why I’m looking at selling my rentals. --99.23.xxx.x




Hardest part of a Vacancy (by Bonanza [NC]) Posted on: Dec 7, 2022 6:19 AM
Message:

#5 - the tenant hunt is the hardest part for me (or requires the most energy) --65.188.xxx.xxx




Hardest part of a Vacancy (by MC [PA]) Posted on: Dec 7, 2022 6:19 AM
Message:

Filling vacancies. Bad credit, criminal background, eviction records, lies on app..The government interference with ESA, "medical mj".that is why starting selling. You can do all the screening and still things can go south fast. In Pa, we can still get them out fairly quick though. --73.230.xxx.xx




Hardest part of a Vacancy (by Ray-N-Pa [PA]) Posted on: Dec 7, 2022 8:47 AM
Message:

It is a great deal harder to find the best applicants = so with that hassle, I am constantly asking myself about where does this fall into my strategic plan --24.101.xxx.xxx




Hardest part of a Vacancy (by Still Learning [NH]) Posted on: Dec 7, 2022 10:23 AM
Message:

#2 handymen/contractors

I have a heating, plumber, electrician, glass, flooring, landscape and plow, junk guy, roofer but nobody consistent to deal with painting, installing vanities, popcorn ceilings, over the range microwave, thru the wall AC, deck repairs and other things that pop up. I used people we knew that got too big the first 2 renovations. Then I found a guy I nicknamed Curious George because he would go MIA every time during the project but at the 11th hour show up, complete, reasonably priced and good work. It used to cause me heartburn but now I wish he hadn’t gotten a job with a company. Last time I ended up with a scam artist and had to fire him, change locks and hire his sub par subcontractors to finish the job. Right now I’m scrubbing walls and trying to decide if I can get away with shampooing carpets or if the smoke smell will come back and I’m about to start hunting for a painter/handyman… --73.218.xx.xxx




Hardest part of a Vacancy (by mapleaf18 [NY]) Posted on: Dec 7, 2022 10:53 AM
Message:

SCREENING! Blue states/cities/towns are making it harder and harder to screen labeling it all "discriminatory."

The "quality" of applicants lately is absolutely dreadful.

Hubby does all the contracting so I'm grateful I don't have to worry about that angle. We've found that hiring "help" usually goes south and it is better if we had done the work ourselves. --64.246.xxx.xx




Hardest part of a Vacancy (by RB [TN]) Posted on: Dec 7, 2022 11:07 AM
Message:

ALL the above. --24.183.xxx.xxx




Hardest part of a Vacancy (by Allym [NJ]) Posted on: Dec 7, 2022 5:15 PM
Message:

Since my regular handyman got hugely fat and hurt his knees, and I have aches and pains, I dread the cleaning and fixing. But once I get started I actually feel better physically. --71.188.xx.xxx




Hardest part of a Vacancy (by 6x6 [TN]) Posted on: Dec 7, 2022 6:35 PM
Message:

With my lack of experience, #'s 4 and 5.

I like the solution you found for showings. --73.113.xxx.xxx




Hardest part of a Vacancy (by 6x6 [TN]) Posted on: Dec 7, 2022 6:37 PM
Message:

I have to agree with mapleaf 18's last sentence. --73.113.xxx.xxx




Hardest part of a Vacancy (by ed [CA]) Posted on: Dec 7, 2022 8:52 PM
Message:

I'm with you Robert - I quit scheduling separate showings for potential tenants years ago. Nowadays, I tell those I haven't disqualified that I'll be working on the place on xx day from xx to xx. If several show up at the same time, so be it.

I like showing my rentals - I get a lot of 'wow!'s' for all the upgrades I've incorporated into my rentals over the years... new appliances, can lights, ceiling fans, new windows and patio doors, new entry and interior doors, finished garages with openers, granite countertops, pull-down kitchen faucets, backlit bathroom mirrors, LVT flooring, decorator paint colors, upgraded hardware (door handles, faucets), poured concrete patios and sidewalks, etc. Recently I've had a few highly-qualified candidates get into a bidding war. --108.201.xx.xx




Hardest part of a Vacancy (by DD [FL]) Posted on: Dec 7, 2022 11:19 PM
Message:

By far the most work effort and time for me is finding new tenants, and it's relatively easy in my market in Florida. But that's where most of the work is.

Everything else is just running down a checklist. Calling somebody to take care of the repair. An occasional 3-day notice. But I have never had to evict.

I have one tenant now who I wish I would have gotten rid of years ago. But it was my fault tolerating late payments because they always came through with late fees etc. --67.8.xxx.xxx




Hardest part of a Vacancy (by Robert J [CA]) Posted on: Dec 8, 2022 1:34 AM
Message:

I see by the responses that one critical issue in the ownership of rentals is showings and speaking with interested potential renters.

This was my most time consuming issue. I would be busy with repairs, remodeling, dealing with all other aspects of ownership when "calls" would come in from interested parties while ads were running.

So I delignated running ads, accepting phone calls, emails, text message and showings to a partner -- if there was one. On the other 50% or so of my solely owned income property, I would craftily pick showings at conveniently times and dates.

Living in a big city not during Rush Hour Traffic or a Holiday weekend where thing move at a snails pace.

I would also employ a service (expert landlord friend) to take calls when I was driving or unavailable to accept calls. They would screen them using a short list and reiterate when the "open House showings" would occur. Many times I'd call the interested parties back, a day before an open house to use my "Charm" on them.

No matter how I perfect this process, a partner will pass, a manager will retire or a employee will give birth and move along in life -- leaving me again to find the best solution for the moment.

There is now way that I can ask a wife or child to expose themselves to the negative people, issues and regulations Uncle Sam and the City Counsel imposed on landlords, giving tenants and others a false sense of superiority and entitlement.

One Section 8 potential renters thought that everyone should drop what they were doing and arrange immediate transportation from their current flop house to my rental and then back, stopping for something to eat. This included themselves, 3 children and two dogs. And they should move in even before being approved, accepting their $200 deposit on good faith. They had lost their State ID card and had no proof of ever being employed. --47.156.xx.xx




Hardest part of a Vacancy (by myob [GA]) Posted on: Dec 8, 2022 7:50 AM
Message:

think of a rental as underwear. Bare with me.

Change it often and cycle it through with other underwear this makes them last longer and always look good. --66.133.xx.xx




Hardest part of a Vacancy (by tryan [MA]) Posted on: Dec 8, 2022 4:01 PM
Message:

OK nothing tops myob .... lol

In the hood I dumped the multis pretty early on ... specialized in SF 2-3 BR 1 BA. Soooo my peeps stayed DECADES. So the hard thing was a 4-5 month rehab. --198.168.xx.xxx




Hardest part of a Vacancy (by Salernitana [CA]) Posted on: Dec 8, 2022 4:19 PM
Message:

Oh, I wish I were your phone/internet/email partner, Robert J. I actually am fascinated in each applicant. We're dealing with this now on an A rental, and the prospectives seem just as oddly animated.

#1 on your list is more difficult. Ex-tenants usually hide some issue that I find after I've processed the security deposit back.

Also, it baffles the mind to try to understand tenants' psychology/mentality to cause whatever damage to a place. I have to turn off most senses and just work to make the place nice again. Indeed, myob's analogy sounds about right. --99.47.xxx.xxx




Hardest part of a Vacancy (by myob [GA]) Posted on: Dec 8, 2022 8:53 PM
Message:

Saleritana just try a few property's that way. Get your best rent year one when the place is so good looking. Year two get a decent increase and year 3 offer the month to month monster rent.

This past renewal-- we boosted rent pretty high and only one tenant left because she couldn't rent on her own- her partner left. So on the re-rent we went up 230.00 per month and got a couple with 760 C/S. First time ever. We'll see how they do.

I will concede this it might be difficult to do in apt rentals but SFH's that are away from each other. NO PROBLEM --66.133.xx.xx




Hardest part of a Vacancy (by Fishsticks913 [IA]) Posted on: Dec 9, 2022 4:15 PM
Message:

I would say it is dealing with the very low quality of applicants. --71.28.xxx.xxx




Hardest part of a Vacancy (by Hoosier [IN]) Posted on: Dec 9, 2022 8:09 PM
Message:

I would say #4...although that is sort of linked to #5.

Never can find the "perfect" candidate, always looking for ways to mitigate risks with "marginal" tenants such as co-signers, extra deposit, or other such creative things. --99.92.xxx.xxx




Hardest part of a Vacancy (by Salernitana [CA]) Posted on: Dec 10, 2022 1:25 AM
Message:

myob, thanks for the strategic tip and hope that you're enjoying your cruise! --73.158.xxx.xxx




Hardest part of a Vacancy (by myob [GA]) Posted on: Dec 10, 2022 8:48 AM
Message:

Salernitana we're heading home already. Just off the tip of Fidel's home country heading to FLL. --66.133.xx.xx




Hardest part of a Vacancy (by GKARL [PA]) Posted on: Dec 10, 2022 10:34 PM
Message:

Finding good tenants is the greatest challenge I face. Second issue is getting decent handymen. On the 2nd issue, I'm constantly looking even when I don't need someone. On the first issue, a change in process culls them before showing. After prescreening, I only have a few showings with pre-qualified applicants. All of the no shows, tire kicking and time wasters are weeded out before scheduling a showing. Whereas that reduces a hassle, finding a good tenant like looking for a needle in a haystack. --209.122.xx.xxx





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