My tenant in SLC townhome#1 wants to stay

July 24th, 2007 by Kenric

I get a call from my PM in SLC. It’s ironic that I get a call the day after I made the post about possibly firing them. I wonder if they found my blog through the link I put in yesterday’s post.

Anyway, my PM says that my tenants in SLC townhome#1 who originally gave notice to leave on June 30th and then wanted to extend their stay until July 31st cannot find a place to move to which is as cheap as mine (another reason I need to raise my rent). So they would like to stay month to month at the same rental rate until they find a place to move to or until I sell the townhome.

They are paying $995/mo now and I’m asking $1250/mo. I don’t think there’s any reason for me to allow them to keep renting at $995/mo. I wonder if the only reason that they’re moving is because they think I’m selling the place because I’m not selling townhome#1 anymore. I am only selling townhome#2.

So, tomorrow I’ll talk to them and see if they want to sign a long term lease. I may offer them a slight discount and rent it to them for $1,125.

No update on the earnest money situation from a few weeks ago.

Posted in Real Estate |
Stumble it!