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Updated over 1 year ago,

User Stats

24
Posts
5
Votes
Mike Hsiao
  • San Diego
5
Votes |
24
Posts

Setting Leases to end in Peak Months?

Mike Hsiao
  • San Diego
Posted

I have a 4-plex in Normal Heights, and just getting started with managing the property.  One of the units leases will be ending at end of September.  I believe they want to renew the lease, but I'm thinking of only extending to May 30th 2024, so that it ends at the start of the peak rental months. Even though I don't think September 30th is too bad, my thought is that kids are back in school and it cuts out that pool of renters. Albeit, Normal Heights doesn't have a lot of families.   I was planning to do this where I can for each unit moving forward that 

I'm sure rental demand and maybe rental pricing drops a little in Nov/Dec/Jan/Feb timeframe, but overall I think this area should fair decently year round.  I think...

I'm curious to get thoughts and/or pro's/con's of others that have property somewhat near or around this area in San Diego. 

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