Finding renters in November

General Landlording & Rental Properties
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Finding renters in November

Michael Bier
Rental Property Investor · Kennewick, WA · Member since 2013 · 18 posts · 2 votes

Hello Everyone, My name is Mike and i have been reader on the site off and on for about a year. i am inthe process of finishing a rehab on a property that I will be renting out. It is my first rental property and was curious if anyone had some ideas to finding a renter in November. My house is ready but because it is starting to switch to colder weather is there anything I can do to help get a renter sooner then later?

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Jon Holdman
Rental Property Investor · Mercer Island, WA · Member since 2008 · 22k+ posts · 14k+ votes
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@James Wise is correct that I only do month to month right from the start.  I've only had one tenant leave in less than a year with these leases, where I had two tenant bail out on year long leases.  Long leases tie the landlords hands more than the tenants.  Yes, many tenants will try to abide by the lease and stay for the full term of a long lease.  But if push comes to shove and things happen in their lives, they will leave, lease or not.  Vice versa just is not true.  Not too hard to evict for non-payment of rent.  But you'll be spinning your wheels evicting for an extra occupant, noisy parties or just general bad behavior.

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  • Russell BrazilBusiness Member
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    Real Estate Agent · Washington, D.C. · Member since 2012 · 17k+ posts · 30k+ votes
    11y

    I am in the same boat.  I just closed on a property and was hoping to have it rented for November 1 which is today. Hopefulyl I will get lucky and have it rented by the 15th.

    It might be a bit harder renting in certain months but the key is having it priced right.  If you are even $25 over market rent in the cold weather months, it will be hard to fill.  My process is the same regardless of the time of year. Craigslist, Hotpads, Zillow, sign in the yard, and price it right.

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  • Jon Holdman
    Rental Property Investor · Mercer Island, WA · Member since 2008 · 22k+ posts · 14k+ votes
    11y

    @James Wise is correct that I only do month to month right from the start.  I've only had one tenant leave in less than a year with these leases, where I had two tenant bail out on year long leases.  Long leases tie the landlords hands more than the tenants.  Yes, many tenants will try to abide by the lease and stay for the full term of a long lease.  But if push comes to shove and things happen in their lives, they will leave, lease or not.  Vice versa just is not true.  Not too hard to evict for non-payment of rent.  But you'll be spinning your wheels evicting for an extra occupant, noisy parties or just general bad behavior.

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  • Mike Moreken
    Investor · Trenton, NJ · Member since 2014 · 67 posts · 19 votes
    11y

    Well here it is early Jan 2015.  Will deal with a new chimney liner etc Tuesday ka ching $K.  Got hit with a $250 vacancy fee I have to pay soon. :( a new higher fee...

    Trenton City want 3 certificates (Roof, Chimney, Heat).  Just wrote up my failure of inspection is early Dec on a steno pad.  No form!?  Chimney is last cert.  Seeing the light at the end of the tunnel.

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