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General Landlording & Rental Properties

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Jamie Mathieu
  • Investor
  • Baltimore, MD
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Concerns with Purchasing a Rental with a Lease to Start in Winter

Jamie Mathieu
  • Investor
  • Baltimore, MD
Posted Sep 28 2016, 07:36

I am almost ready to make an offer on my second rental property.  Based on where we are in the year, the rental lease would start Dec 1st realistically.  All of the numbers are strong and the property fits perfect with my strategy.  The property is in Canton in Baltimore, Maryland (for any locals that may be familiar) and will attract young professionals, not necessarily families.  So, my only concern with purchasing this property is the timing of the lease.  I had originally wanted all of my properties to have leases starting in spring or summer.  I could offer a shorter term lease for more money (6 or 9 months) to reset the lease cadence at some point in the future to mitigate the risk.  Any advice is appreciated!

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