How do you structure a lease in the fall/winter months?

[Justin Wotring]

Hey BP,

I'm currently in the process of obtaining a HELOC on my primary residence that I plan to use to BRRRR. Assuming it takes 30 days to close on the HELOC, and another unknown amount of days to find a deal, get it under contract, rehab it, and rent out, this could put me into late 2019 to place a tenant. I know that the ideal lease cycle is in the spring/summer months, and I'd like to find a quality tenant to get on a 12 month lease. Curious as to how other BP members do this. I appreciate any advice. Thanks in advance!

[Anthony Wick]

@Justin Wotring

I rented out a new purchase in February. I had them sign a lease to the next June. Assuming you don’t want MTM, you can either do a short lease to start to get to the summer, and 1 year after that, or you can go first lease about 15-16 months.