If you just purchased a rental property, had a tenant move out, or are thinking of converting your vacation home into an annual rental, you're probably wondering what your chances are of getting your property rented quickly. You'll be glad to know that now is the best time to get your property on the market.
More people rent annually during the first half of the year than the second half. There are a variety of reasons for this:
One of the slowest months for annual rentals is August, in fact Rentals.com reports that there is a two-thirds drop in online traffic during that month, owing to the reasons listed above, and last-minute vacations. So if you're even marginally thinking about getting your rental home on the market, do it sooner rather than later.
And if you need another good reason to get your feet wet in the rental market, you need to know that this is more than just a great season for rentals. It's a great year. There is greater demand for rentals, so you'll get a quality renter quicker and be able to command higher rent rates, which translates into more money in your pocket.
So now that you're seriously thinking about joining the scores of other homeowners who are cashing in on their rental homes, seriously consider calling us at Sarasota Management and Leasing. All the homes, townhomes and condos we manage for our clients have the shortest amount of days on the market because we are aggressive and highly-effective in our marketing and leasing practices. We know our market inside and out, and we know how to find the best and most responsible renters for your property.
What's more, we know how to handle challenging renter issues. We have clear policies and procedures that we follow to protect you and your property. We also know how to effectively and tactfully handle many situations with the goal of keeping valuable renters in your property, so that you have as much ongoing rental income as possible.
Get Your Feet Wet
It's truly a landlord's market right now, so hike up your jeans and wade into the rental market. If you use Sarasota Management and Leasing as your partner, you'll be really glad you did.