Is there a really good season to rent out?

Discussion in 'Landlord & Rental Property Questions' started by dianethare, Jul 9, 2014.

  1. dianethare

    dianethare Senior Investor

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    That is what am doing currently, asking, following up, listening, searching, listening to advice, plus am optimistic it will get an ideal tenant...not giving up anytime!...but i must say it has been a wide gap from the time the last tenant left...i guess that window period was to exorcise negative/bad karma...considering the last tenant was a complete sore!
     
  2. shilpa123

    shilpa123 Banned

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    It depends quite a lot on where you live. One of the prime time for people to move into apartment or the rented area is the beginning of the year when there will be fresh recruitment into jobs and enrolling of students in colleges. I am sure that if your rental apartment is near a popular place you will soon find new tenants. Otherwise you must try to advertise your apartment to attract tenants.
     
  3. springbreeze

    springbreeze Well-Known Member

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    It really depends on a lot of factors. The market just isn't the way it used to be. A lot of people are joining households and are taking less long-term vacations. For example in Florida, we've seen a decline in Northerners subletting condos. There's also a season factor. And a lot of this depends on where you live and who would be renting from you. Parents with kids tend to rent in the summer so that their kids can start in a new school at the beginning of the school year. In Florida we have several seasons when it comes to short-term renting. A lot is involved. If you feel you are not getting good enough results, you can always try someone else.
     
  4. shilpa123

    shilpa123 Banned

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    I believe that the tenants come to the place at particular when there is demands for the place that is when there is job opportunities in the place or is a popular. I am sure there are other factors too but these are some of the most basic ones. Also if possible ask people who could be possible tenants that what exactly they did not like about the place. I am sure you will come to know what exactly is wrong with your property.
     
  5. dianethare

    dianethare Senior Investor

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    I'll keep that in mind...thank you for that advice shilpa123...i guess also having an optimistic outlook to the whole situation will help a great deal...what i have realized is that people...potential tenants are interested but the rent value is high...and i don't think i can drop down, as the landlady i'll be losing out and the property will depreciate as well...so optimistic i will be that the property will find its suitable match pretty soon! :)
     
  6. dianethare

    dianethare Senior Investor

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    I do understand location is normally a prime factor...back then in the 90's...the place would not have been rented out but in this current age people are moving out from urban areas and wanting to settle in vast rural lands...the property is in a prime rural area and i must say its been advancing than ever before...so i believe its just about time, i get that ideal tenant...am optimistic :)
     
  7. Peninha

    Peninha Senior Investor

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    I think it's hard to say what the best season is, people move when they have to no? So I'd say it's pretty indifferent the time of year.
     
  8. downloads

    downloads Well-Known Member

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    It all depends on what region of the country and what type of property it is. No one really wants to do a short term rental in the dead of winter in colder places. That's why warmer beach climates always have a surge in the rental population during these colder season. It's called the Snowbird Effect. Retirees and other people who don't like the cold move down south for several months out of the year. They completely avoid the snow by doing snow. So during the winter months, it's considered rental season in the South. But then they leave when the weather does get warm so it's not rental season during the summer months.
     

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