How To Show A Rental Property While It’s Occupied
You may have to rent your rental property while tenants still live there. However, 33% of renters are aware they're moving within one month. Giving tenants notice will allow them to make sure the property is ready for viewing.
These are some tips to help you prepare to rent an occupied rental property
Ask your tenant what time works best for them.
You can suggest a few times to your tenants and see which one works for you. The tenant should not be present at the showing. Instead, pick a time when they are working or on errands.
Give your tenant as much notice as possible
You may be required to give notice of at least one day before you enter the rental property. This will depend on the state landlord-tenant laws. If possible, give them more notice.
Incentives
Give your tenant incentives to clean up the rental property before showing it. For example, a small gesture such as a gift card to a local restaurant or a $50 discount for the month's rent can motivate tenants to clean up the property and make it presentable.
Cleaning service - pay for it
You may need to hire a cleaning service if the tenant moves out. If this is the case, it's best to do it before the lease ends. A cleaning service can ensure your rental property is ready for potential renters.
Reduce the time spent showing the property
If your property is occupied, a rental open house might not be the best choice. Instead, you might consider scheduling individual showings -- most showings last less than 30 seconds. Open houses should be kept to three hours if possible.
Do not put up signs that say "For Rent."
This could cause unwanted attention to your tenant and may make them less inclined to rent the property.
The pros and cons of renting an occupied apartment
It is less likely that you will have a vacant rental (no renter gaps).
It is furnished and feels more like home.
You will be able to make notes of what may need to be repaired or replaced.
Cons of showing a rented rental
The tenant, in the meantime, may be present at the viewing.
It is possible that the tenant's furniture can be distracting.
The property may be damaged or messy.
