TOPIC: What is everyone’s policy in holding a unit for an applicant that’s already been approved?

What is everyone’s policy in holding a unit for an applicant that’s already been approved? 3 months 1 week ago #50184

10 days max
  • Tammee Hindman
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What is everyone’s policy in holding a unit for an applicant that’s already been approved? 3 months 1 week ago #50185

Shoot for 7-10 days after made ready. Can go up to 14. No commission after 14.
  • Casey Thibodeaux
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What is everyone’s policy in holding a unit for an applicant that’s already been approved? 3 months 1 week ago #50186

No longer than 14 days but push for within 7 days of Ready.
  • Regan McGee
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What is everyone’s policy in holding a unit for an applicant that’s already been approved? 3 months 1 week ago #50187

They would have to put their deposit down and we could only hold it for 2 weeks.
  • Michelle Davis
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What is everyone’s policy in holding a unit for an applicant that’s already been approved? 3 months 1 week ago #50188

You all holding for two weeks should really look into revenue management program. You are throwing so much money away by not charging them for holding.
  • LaCole Brown Gadson
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What is everyone’s policy in holding a unit for an applicant that’s already been approved? 3 months 1 week ago #50189

I know with yieldstar the rate goes up daily to supplement the income loss. But you have to make sure it’s set to do that. In the end it ends up being a wash and no income is lost even with holding for 14 days.
  • Heather Nicole Norman
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What is everyone’s policy in holding a unit for an applicant that’s already been approved? 3 months 1 week ago #50190

2 weeks from app date, $500 reservation fee, credited to 1st month
  • Carley Ann
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What is everyone’s policy in holding a unit for an applicant that’s already been approved? 3 months 1 week ago #50191

No more 10 days after make ready date, must pay deposit within 24hours. If they have a higher deposit we require $200 to hold and the remainder due by movein.
  • Aimee Leatherman
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What is everyone’s policy in holding a unit for an applicant that’s already been approved? 3 months 1 week ago #50192

Holy moly…every answer so far is just wow! They have 60 days from the date they applied to move in here.

I understand what you are saying but sometimes it’s just nice to be a good human being! Most owners have more money than god! My thoughts anyway!

Plus most places here require a written 60 day notice to vacate so they need at least that much time before they are able to move in. Most people can’t afford to pay rent at two places even for a month.
  • Darla Hedges
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What is everyone’s policy in holding a unit for an applicant that’s already been approved? 3 months 1 week ago #50193

I just can’t understand the math. If you have four vacant every month and they rent at 1k and you hold it for 60 days that’s eight Grand the ownership is losing (potentially) every single month. That’s (if we go off that math) $96k in a year

…we only have 3 units available for rent out of 438 units which are not available until October. I think we are doing something right. A third of our tenants have been here for 15 plus years. Go figure!
  • Shan N On
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