Who here requires a 60-Day Notice to Vacate? What are the pros & cons?

Who here requires a

60-Day Notice to Vacate?

What are the pros & cons?

We do. Pros we can pre lease and pre walk walk with plenty of time to know what needs to be done for the flip. Really no down side of it expect some residents prefer a 30 day.

The last four companies I’ve worked for all have. Not really any cons. It’s great having 60 day lead time to know your exposure, prelease, and walk units to schedule turns.

All pros, no cons if its legal in your area. Check with your lawyer first, especially in California. You can do it but you must be smart about how you do it.

We do! I love it. It usually gives us enough time to get the unit rented again whereas 30 days just isn’t long enough. The only con for us is that in Oklahoma the Landlord Tenant Act only requires 30 days so sometimes we get challenged on it but not often.

We do, best thing we ever did! For the last three years we’ve had nothing available for immediate move in, we are pre leased at least 75 days out and best of all......it changed our resident profile for the better

60-day and it’s definitely the best system I believe! 30 day isn’t enough to pre lease and 90 day is too long!

The one major con is in resident experience. It creates unneeded pressure on the resident. Typical buying cycle is 60-days so they havent had time to decide if they want to move because they have no shopped and made plans. But because we require a notice they are making a commitment to leave, even if they dont necessarily want to. Now you're working against the grain to "save" them. 30 days gives them time to make a more informed decision and you time to show them that its not worth the effort to leave. The extra 30 days to lease should not be needed with the right demand generation strategy in place.

THANK YOU for posting this! THIS is exactly what I had in mind. It just makes more sense for the resident. 60 days is very far out and tough to plan around that. I feel that we should be thinking more about their convenience than ours.

Tony Leon A resident-first approach always wins in the long-run. Take care of them and all the business metrics will work out due to higher retention rates and better word of mouth (which equals easier/cheaper advertising).

If you get your renewal offers out 90 days ahead of time, they have 30 days to decide, which is more than enough time. I've even seen renewal offers go out with only 2 weeks before a 60 days notice is due. Educate your residents at move in, and you'll have very little, if any, issues.

Sophia Vasquez That is still imposing your process on them when it is not the way that they want to do business. I understand it from a business needs stand point, but it is not what is best for the resident.

Noah V Echols Too darn true! I have the best Yelp reviews in the area; I get prior residents returning to live here; people ALWAYS treat me with respect and kindness. It's definitely a win-win. I look out for them.

Sophia I send out my renewals 45 - 50 days before their leases expire. Has worked out really well.

Noah V Echols our entire lease contract imposes our processes on them ????????‍♀️ I have never had any major issues, so in my case, I can't say its not best for them. I've worked in property management for 6 years.

Sophia Vasquez agreed. The way the industry does the lease process is definitely broken.

60 days is the best option! We follow that to a T! However in the state of Ohio if a resident were to go to court with this issue, the resident/management company would be held to state law that requires a 30 day notice to only. ???? it works if you work it????

Everywhere I am locally does, including us. Pros are we have 60 days to lease the unit, and can accommodate those who start looking 2 to 3 months early. Cons are all the many many arguments with residents about how "they didnt know" they had to give a 60 day notice even though they sign it in their lease 3x and we send numerous notices starting 90 days prior to the end of their lease. So many arguments and from people who dont return communication and try to hand in keys at the end of their lease or give us notice 30 days to the end of their lease.

Call me the oddball. I enforce any Tenant notices to vacate to be in writing and 45 days ahead. It has had a small amount of pushback but I explain that it is in the lease two times, one spot with initials required. It has saved me lots of vacancy days and taken the pressure off of turnover time. Most Tenants give 30 days as a matter of habit.
I’m not sure how it would stand up in court in California. Their statute says notice should be equal to the rent due segments ( months). It doesn’t appear to be a hard rule. I have never been challenged on this.

Only con is resident facing. They simply don't understand the need or think it is fair. Either way, it is in the contract, but a hard conversation I have on a regular basis.

Betsy Callahan I agree with this! It’s the same for us!

60 days is pretty standard in Indiana, only con is the resident trying to con their way out of giving one or why they didn't give one....

In Florida it is by rental term. If you pay by month then it is 30 days. If you pay by the week it is 1 week. I usually give notice of non-renewal or notice of upcoming renewal 60 days in advance. I want the tenant to have ample time to look for a unit but I usually wait until the rent payment has come in and advise that the next month rent we will be using their last month rent.

We do. Indiana here.

Pros:
-Knowing much more in advance what you have to offer for the prospects who call 60-90 days before their move date, also making a follow up with them more productive.
-More time to prepare maintenance for upcoming make ready
-More time for tenant to decide/prepare to move

Cons:
-Most pay no attention to the lease expiration reminder/renewal offer that is sent 90-120 days before their lease ends and don't give us sufficient notice and think that we only require 30 days like everywhere else they've lived

I agree on the resident profile changing. That 60 days shows who is serious about wanting to move and who isn't!