Is there a really good season to rent out?

Its been a quiet 4 weeks now, no positive response from the property agent in regard to my property that am renting out, could there be factors contributing to such dormancy or am just becoming a nervous wreck?....factors maybe like season/weather, political unrest, urgency of tenants to want to shift from point A to point B...e.t.c...someone enlighten me please? will appreciate....

 

Well, it all depends on where you live but mid-summer in general is a time when few people rent a new place. Most new jobs begin in the spring and fall and rentals for vacation homes are generally in the late spring.

You might also have a bad agent. Some are really lazy and don't go out of their way to advertise your property.

 

It all depends, there could be different reasons at to why your property is domant, maybe the location ,but that should not matter that much, maybe the agents you are using are not advertising as much as they are suppose to, or maybe there could be some adjustments that need to be made on the property and lastly I would say that it could be the economy.

 

Thank you guys for the feedback, i need to do a stealth field trip to the place, gather information and get to know where the problem is coming from, is it the agents? or location? economy? e.t.c

 

Like a lot of real estate, it depends on where you are and what time of the year it is. If you're in or near a college town, it doesn't surprise me there's less interest in property at this time. In my personal experience, apartments usually go up in price around school starting. It can be fairly cyclic too, fall is good and then winter makes it difficult to get out and see apartments/property. Spring then picks up and summer can be bad when it's hot and students are back home for the year. Great for sublets but terrible for contract renters.

 

Who knew turt, you were right all along, i had a bad and lazy agent and indeed no advertising was done, 2 months...down the line, what a waste of time which equals money ...am glad he is out of the picture!...down with renting season, the root cause of the problem has been plucked...hooray

 

It depends on the area where the property is, if it's a college town I say that August and September are the best months, if in other area I think it really makes no difference.

 

Sounds like you solved it.

For what it's worth, figuring out any influences in rental cycles in your area is a really powerful thing. As ReinbachThe3rd noted, if you are near a college town, the college calendar is going to have huge impact on rental demand.

Know when the highest demand is, and try to get your lease cycle to start and end there. That way you minimize the time it spends empty, and the expense of looking for renters.

The best way to get that information is probably to ask real estate agent or two.

 

Thank you lavanderson for shedding more light to matter, problem is, its nowhere near a college but a close knit neighborhood...am optimistic it will get a good tenant

 

People rent when they find the kind of home they are looking for. As long as the property is advertised for lease, you will find a tenant soon enough. It must also be priced accordingly and located in an area that is conducive for what the tenant is looking for. It is better to wait for an ideal tenant instead of rushing to rent out to a horrible tenant who will cause you sleepless nights.