In this video, Rick explores the question of how to handle a vacant property when it comes to showings: should you opt for individual appointments or hold a set open house?
There are distinct drawbacks to individual appointments, such as the possibility of no-shows, leading to potential time wasted on the property. On the other hand, hosting a structured open house reserves a dedicated time slot, ensuring your presence at the property. Moreover, with multiple prospective renters viewing simultaneously, it often instills a sense of urgency in their decision-making, expediting the application process. Hence, open houses prove to be an efficient method for presenting vacant properties to serious renters.
Nonetheless, in scenarios where a tenant inquires and schedules a mutually convenient viewing time, it can also be a viable approach.