Winter Occupancy

[Tim A.]

Hello,

I just refinanced in November so this upcoming November I will be able to purchase a property.  I am looking at getting into a duplex in the Milwaukee area.  I was curious how difficult it is to find tenants in December or January because of the weather etc.? Is it worth it to even purchase then or should I just wait until Spring?  I'm just afraid that I will get stuck in that cycle every year then.

Thank you!

[Sky Mikesell]

Hello Tim

My name is Sky Mikesell i am based in Charlotte NC and our winters here are nothing compared to wisconsin ... however my experience is the type of properties i buy tend to attract families and families generally arent moving during the holiday months.   That being said i have rented plenty of properties in the months of december bc i didnt have a choice.   When doing so i would be the new tenants on a short term lease (6 months) so their lease was ending during a time of year i would not struggle to lease the property. I always assured them i would be happy to resign their lease in june/july for an additional 12 months but could not go over 6 months at this time... This always worked beautifully bc it was rare anyone was ready to leave just 6 months in... which means i got another 12 out of them... and i was on a annual renewal cycle i was comfortable with. 

good luck and take care

Sky Mikesell