Today we are talking briefly about military tenants and why they’re good, what to look out for and what to know. We love our military and we always advise our owners to take members of the military as tenants. In our experience, they make excellent renters and we enjoy having them as residents.
Orders
When your military tenants tell you that they have received their orders and they need to move, you have to let them go. This is the only type of tenant who can legally void their lease and move out early without penalty. If they get their orders, you have to allow them to break their lease. That doesn’t mean they are allowed to void the other responsibilities of their lease. They still need to clean the property and do everything they are responsible for prior to move out in order to get their deposit back. This might include having the carpets professionally cleaned or turning the keys in properly. Proper notice still has to be given. You should get immediate notice when your military tenant gets orders. That will help you plan their move out process. If the lease requires them to help you show the home, they still need to do that. The lease requirements don’t change, they simply get out of it early.
Marketing
Be ready to market the home. In the last couple of weeks, some military members get a little extra time off. See if they can help you show the property so that you have a tenant who is ready to move in once the military tenant leaves. Work with them and make sure you have a good relationship in place. Get your signs up and your ads listed so you’re ready to go.
We support our military, and knowing what to do when they get orders to leave will help you support them too. If you have any questions about this, please contact us at HomeQwik Property Management, and we’d be happy to tell you more.
Noel began his real estate career as a leasing agent, closing 4 leases his 1st week on the job. Since 2006, he has personally leased over 600 homes, signed up over 1000 new owners for management, and has sold over $500 million in real estate almost exclusively to, and for the benefit of investors. As the original employee, and now Broker for HomeQwik, Noel has not only assisted in the creation and management of the company, but also in the processes that make HomeQwik #1. As an owner of 2 rental properties himself, Noel also has personal experience as an investor, and has a true passion for helping others realize their investment dreams. He continues to work on building his own real estate portfolio, and is shopping for buyers in our market every single day.
Jason Stieglitz is a Realtor and Property Manager at HomeQwik, a firm that specializes in all aspects of Residential Property Management. Jason has been an Arizona resident for almost 40 years, and in real estate since 2009. Formerly in construction, Jason can apply some of that knowledge to maintenance problem solving with your investment property.
Mike Sargent – Founder/Real Estate Investor
Jim Hughes – IT Manager
Janie Scarborough – Business Development Manager for Prescott/Quad City Territory
Gk Pavillar – Manager of HomeQwik Remote Operations