How Hard Is It To Fill An Apt In The Fall?
I have one apartment left that looks like will not be rented this summer. How much more difficult it is to rent an apt after the summer is over?
[ Edited by d_random on Date 07/23/2008 ]
[ Edited by d_random on Date 07/23/2008 ]
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cjmazur, do you mean colleges or public schools?[ Edited by d_random on Date 07/23/2008 ]
both. primary schools and colleges.
As a general rule, the strength of a rental market softens between November and February. I hate having a lease expiration in November, December, and January, so I will usually accept six month rentals in those months.
By accepting six month tenants, i reduce the length of vacancy in the Winter months, and push vacancies from those expired six month leases into the Spring and Summer months. Hopefully, some of those six month tenants will opt for an annual lease renewal.
Quote:
On 2008-07-23 19:18, NewKidInTown3 wrote:
As a general rule, the strength of a rental market softens between November and February. I hate having a lease expiration in November, December, and January, so I will usually accept six month rentals in those months.
By accepting six month tenants, i reduce the length of vacancy in the Winter months, and push vacancies from those expired six month leases into the Spring and Summer months. Hopefully, some of those six month tenants will opt for an annual lease renewal.
I do the same thing.