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Updated over 9 years ago on . Most recent reply

User Stats

7
Posts
2
Votes
Brian C.
  • Hoboken, NJ
2
Votes |
7
Posts

Renting apartments in the holiday season (Hoboken, NJ/NYC Metro)

Brian C.
  • Hoboken, NJ
Posted

I am almost at the end of the process of acquiring a 1/1 condo in Hoboken, NJ, and I plan to rent it out immediately after closing. This area usually has a good rental demand due to its proximity to NYC and public transportation (Path/bus/light rail). However, I am worried because the holiday season is coming and people might be less willing to move during this period. Am I correct about this? Does anyone have tips and advice on what I should know about renting my unit at this time of the year? Thanks!

(I posted the same topic in the "Renter's Discussion" section but figured it might be more suitable here. Sorry for double posting.)

Most Popular Reply

Account Closed
  • Rental Property Investor
  • Hoboken, NJ
12
Votes |
53
Posts
Account Closed
  • Rental Property Investor
  • Hoboken, NJ
Replied

I've lived in hoboken since 2008.  I have a 2 bdr place in hoboken and there is no doubt August - October are the best times for renters.  But a one bedroom in a newer high rise should rent out in a few weeks.  80% of town uses realtors so if that is the direction you are taking a good idea would be talking to them now and seeing if they already have people that are actively looking.  Another idea would to put the pictures up on postlets or craigslist now and say it is available for viewing on 11/15 and optimistically a 12/15 rent. Technically, it is a faux pas since you don't own it yet. But sellers may let you show the place.

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