Hello, I am relatively new to landlording in Florida, and would like to know what are the best and worst months to find tenants. I have a tenant whose lease ends on August 31st, but he is okay extending it until January 31st, so I would like to know which date in your opinion would be best to find a new tenant. Thank you!
Real Estate Agent · Miami, FL · Member since 2022 · 238 posts · 102 votes
2y
Hi Maria,
It depends on the location and type of property.
If it's a family style single family home or multifamily unit, unfurnished, in non-core areas, the timing doesn't really matter as most likely your tenants a re locals who can relocate at any time regardless of the season.
If it's a condo rental in core/tourist areas of Miami, I'd say September would be better from our experience. February is going into off season so I wouldn't recommend unless you're priced below market value just to save on vacancy.
If it's a family style single family home or multifamily unit, unfurnished, in non-core areas, the timing doesn't really matter as most likely your tenants a re locals who can relocate at any time regardless of the season.
If it's a condo rental in core/tourist areas of Miami, I'd say September would be better from our experience. February is going into off season so I wouldn't recommend unless you're priced below market value just to save on vacancy.
Hope this helps!
Thank you Ecaterina. It is a multifamily in non tourist area