55+ Community Lease Start Date

[Paul Balyoz]

Investors who have rental homes in a 55+ communities - what is your opinion of the best month for lease renewals, when you can get the highest rent? Is there a particular month, or does it not really matter?  Our 55+ rental is in the Phoenix AZ area. 

Experienced Phoenix investors know that with regular rentals (non-age-restricted) the best months for lease renewals are June and July -- because that's when most families prefer to move, when the kids are out of school. That's not really a consideration for 55+ communities, since children are not allowed to live there. (For some reason the hot Summer temps in Phoenix is not a factor that affects when most people move).

I'm curious about your experience - is there a best month when older citizens prefer to move? Or which month to avoid?

Is that different in Phoenix, do you think, compared to other parts of the country?