What is the best timeof year to find tenants for your rental property? That's today's video.
Let's dive in.
I'm Clayton Morris.
I'm the founderof Morris Invest, and I'm a longtimereal estate investor.
Today I want to talk to youabout the best time of year to find tenants foryour rental property.
Now you think the winterwould be a bad time to find tenants for yourrental property, right? We get that question a lot.
Well, should I be concernedin February or March about getting tenantsfor my property if it's so cold outside? Will people want togo out in the snow to come and see your property? Is August a better time? Is the summertime a better time? The answer is frankly,it doesn't much matter.
Obviously, the holidays could bea little bit of a slow period.
Right around Christmas,people aren't going to want to moveand pack up boxes right during the holidays.
However, right after theholidays, and right before tax time is the besttime to find tenants for your rental properties.
Why? Think about it for a second.
Why would that be? Why would that be? Well, refund checks–refund checks– if that's what you said,then you're absolutely right.
And what we find happens is thatmany people want to front load the amount of rent they can puttowards their rental property.
So a new tenant wants tomove into the property, loves the property,and they know they're in competitionwith another tenant.
This is what happenson our properties we get into– I don'twant to say bidding wars– but we really can take the creamof the crop on our properties.
So the person that'sable to put up five months, sixmonths worth of rent and to move into thisproperty, chances are, they'reprobably going to get picked to rent the property.
And why can they do that? Because the tax man– sothey're going to get money back from the government,typically, and they're going to get a big nicecheck from the government.
And rather than spendingthat money on things they don't need, theywant to front load the amount they canput down on their rent.
And very often, we'll gettenants in March, and April, and frankly, February,because people want to do their taxes earlyso they can get those refund checks– they will put downfive, six, seven, months.
We actually had someone paytheir whole year's rent in one fell swoop thanks totheir refund check.
So the springtimecan be a great time, and the winter timeright after Christmas can be a fantastictime to get tenants into your rental properties.
So don't fear the winter.
Old man winter isnothing to fear when it comes to rental properties.
I'd love to hear yourthoughts about today's video.
You can leave some commentsin the thread below.
You can also subscribeto my channel– the big red button– thebig red Subscribe button.
Just click on it,and join our channel.
We publish videos everyweek– multiple times a week.
And our goal with this channelis to really provide you with fantastic informationon how to become a landlord and learn about creatingpassive income and cash flow in your life throughrental property investing.
There is nothinglike it– nothing– trust me– absolutely nothing.
Go out there.
Become a real estate investor.
And take action.
We'll see on thenext video, everyone.