Normally what is the waiting period for next rental tenants?

[Shal Patel]

I just bought rental property in Houston,Tx. Now looking for tenant. I gave property to management company to find tenant. Normally what is the waiting period to find tenant?

[Michael Seeker]

@Shal Patel, that really depends on a lot of factors.  If the property is in great condition in a very popular area, it might be a matter of days before somebody is moving in.  If it is in rough shape in a bad area, it might take 6+ months to find a tenant.

Timing will also play a role, we're in the summer rental season which usually has a high level of activity.  Once you get past late August (around the time school starts) there is a lot less activity.

Our worst experiences have been with vacancies around mid October.  People are thinking about Halloween, Thanksgiving, Christmas and New years so it's much harder to get a tenant in until around February or so.

Best of luck with the new property!