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Updated over 8 years ago on . Most recent reply

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Boris Badmaev
  • Overland Park, KS
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What's the best time to find a tenant?

Boris Badmaev
  • Overland Park, KS
Posted

I'm wondering if I should wait until May-June which I heard is better in terms of demand or find tenant in Jan-Feb when the property (SFR) becomes available. Thoughts?

I'm in Overland Park, KS

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JD Martin
  • Rock Star Extraordinaire
  • Northeast, TN
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JD Martin
  • Rock Star Extraordinaire
  • Northeast, TN
ModeratorReplied
Originally posted by @Boris Badmaev:

Thanks, Alex!

Any explanation why do you think tenant are more serious in Jan-Feb?

I was also thinking that if I want the lease to end in high-demand season I can craft the leasing agreement for half-year or year and a half.

 For our leases that expire (for whatever reason) October-December, the new lease is always scheduled to end 7/1. If that tenant decides to renew, it goes from 7/1-6/30. If a tenant wants to break a lease early, we are more lenient April-June than we are after September - i.e., if someone was a good tenant and wanted to break one month early in May, we'd likely just let them walk, whereas someone in a few months that wants to break at Christmas is likely to be charged the early termination, unless they want to go the "pay until we re-rent" route - which no one ever does. 

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Skyline Properties

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