If your property is currently occupied a tenant, should you show the property to prospective tenants?
Should you show your property to prospective tenants if your house is currently occupied? It depends.
There are a few questions you can ask yourself to determine whether to show the property if it’s currently occupied by a family member, friend, yourself, or a traditional tenant.
Is the house clean and presentable? Does it smell or is it overly cluttered? Is the current occupant difficult to deal with? Is the landscaping a mess? Are there overdue repairs?
If you answered yes to those last few questions, then you shouldn’t show the property to prospective tenants. Wait until your current tenant leaves, fix any repairs, clean the property, and then show the property to prospective tenants.
That will create a vacancy period for you, but you will wind up with a better tenant in the end because that tenant will see a clean, presentable, nice house. If you show the property and it’s a mess, smells bad, and needs repairs, the caliber of tenant you’re likely to receive will be lower, and you will wind up with higher turnover and more delinquencies.
If you answered no to most of those questions and your house is clean and presentable, I would say you can go ahead and show the property. You would want it on the market for 30 to 60 days before it’s going to be rent-ready. That will allow you to find a new tenant and get a lease signed. Then, they’ll move in after the current tenant vacates and you clean up the property, which will decrease your vacancy period and increase your return on investment.
It’s important that the coordination between you, us, and the current tenant follows all of the necessary Washington owner-tenant laws. You have to give 24-hours notice to the tenant before you show the property, and the tenant can be there during the showing if they want.
If you have any other questions, please feel free to reach out to me. I would be happy to help you!