When is the best time of year to place tenants in your rental property? Many investors wonder if winter weather will discourage prospective tenants from viewing their properties, or if snow will deter renters from moving to a new property. I find the opposite to be true!
Perhaps around the holidays people aren’t looking to move, but the period of time right after the holidays and before tax time is the best time to find tenants. When renters receive their tax refunds, they are eager to catch up on their bills and prepay a few months of rent. I’ve even had renters pay their entire year in advance!
You can use this to your advantage as a landlord, and be selective about your tenants. We love to select tenants that are willing to put down rent in advance!