Best and worst months to rent in Florida
Hello, I am relatively new to landlording in Florida, and would like to know what are the best and worst months to find tenants. I have a tenant whose lease ends on August 31st, but he is okay extending it until January 31st, so I would like to know which date in your opinion would be best to find a new tenant. Thank you!
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Where in Florida? In Northeast Florida my experience has been that it is slower in January/February as far as showing traffic/potential tenants.
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Hi Maria,
It depends on the location and type of property.
If it's a family style single family home or multifamily unit, unfurnished, in non-core areas, the timing doesn't really matter as most likely your tenants a re locals who can relocate at any time regardless of the season.
If it's a condo rental in core/tourist areas of Miami, I'd say September would be better from our experience. February is going into off season so I wouldn't recommend unless you're priced below market value just to save on vacancy.
Hope this helps!
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Quote from @Ecaterina Katerina Morosan:
Hi Maria,
It depends on the location and type of property.
If it's a family style single family home or multifamily unit, unfurnished, in non-core areas, the timing doesn't really matter as most likely your tenants a re locals who can relocate at any time regardless of the season.
If it's a condo rental in core/tourist areas of Miami, I'd say September would be better from our experience. February is going into off season so I wouldn't recommend unless you're priced below market value just to save on vacancy.
Hope this helps!
Thank you Ecaterina. It is a multifamily in non tourist area
Quote from @Michelle Frericks:Thank you Michelle, the area is near West Palm Beach, South Florida
Where in Florida? In Northeast Florida my experience has been that it is slower in January/February as far as showing traffic/potential tenants.