Renting in winter
Click here for Top Ten Discussions. CLICK HERE for Q & A Homepage
Receive Free Rental Owner Updates Email:  
MrLandlord Q & A
     
     
Renting in winter (by Debi [OK]) Dec 23, 2023 8:02 PM
       Renting in winter (by RB [TN]) Dec 23, 2023 8:41 PM
       Renting in winter (by MC [PA]) Dec 23, 2023 8:41 PM
       Renting in winter (by NE [PA]) Dec 23, 2023 9:19 PM
       Renting in winter (by Debi [OK]) Dec 23, 2023 9:28 PM
       Renting in winter (by BRAD 20,000 [IN]) Dec 23, 2023 10:13 PM
       Renting in winter (by Small potatoes [NY]) Dec 23, 2023 11:42 PM
       Renting in winter (by GKARL [PA]) Dec 24, 2023 6:39 AM
       Renting in winter (by zero [IN]) Dec 24, 2023 9:11 AM
       Renting in winter (by Oregon Woodsmoke [ID]) Dec 24, 2023 10:47 AM
       Renting in winter (by Salernitana [CA]) Dec 24, 2023 11:10 AM
       Renting in winter (by Tim [CA]) Dec 24, 2023 11:26 AM
       Renting in winter (by mapleaf18 [NY]) Dec 24, 2023 12:21 PM
       Renting in winter (by Debi [OK]) Dec 24, 2023 12:38 PM
       Renting in winter (by Robert,OntarioCanada [ON]) Dec 24, 2023 1:53 PM
       Renting in winter (by Vee [OH]) Dec 24, 2023 1:55 PM
       Renting in winter (by Wilma [PA]) Dec 24, 2023 2:36 PM
       Renting in winter (by Sisco [MO]) Dec 24, 2023 3:29 PM
       Renting in winter (by Pat [VA]) Dec 25, 2023 6:55 AM
       Renting in winter (by Robert,OntarioCanada [ON]) Dec 25, 2023 10:13 PM
       Renting in winter (by Sue [IN]) Dec 29, 2023 5:36 PM
       Renting in winter (by Patti [OK]) Dec 29, 2023 7:04 PM
       Renting in winter (by steve smith [OR]) Dec 29, 2023 9:04 PM
       Renting in winter (by Or [MI]) Dec 30, 2023 11:49 AM
       Renting in winter (by Fred [VA]) Dec 30, 2023 10:27 PM
       Renting in winter (by Ryan24 [MD]) Jan 1, 2024 11:04 AM
       Renting in winter (by Debi [OK]) Feb 6, 2024 9:22 AM

Click here to reply to this discussion.
Click Here to send this discussion to a friend

Renting in winter (by Debi [OK]) Posted on: Dec 23, 2023 8:02 PM
Message:

A rental has opened up suddenly due to the tenant passing away. Should I try to rent after Christmas or wait until spring when I'd probably get more applicants and therefore a better selection?

--174.202.xxx.xxx




Renting in winter (by RB [TN]) Posted on: Dec 23, 2023 8:41 PM
Message:

Now.

Amazing things can happen when you step away from

conventional thinking / thinkers.

--69.130.xxx.xxx




Renting in winter (by MC [PA]) Posted on: Dec 23, 2023 8:41 PM
Message:

Do ypu want it to sit empty for months? Your choice. --73.230.xxx.xx




Renting in winter (by NE [PA]) Posted on: Dec 23, 2023 9:19 PM
Message:

24/7/365. Filled 2 this month. --24.152.xxx.xx




Renting in winter (by Debi [OK]) Posted on: Dec 23, 2023 9:28 PM
Message:

Good points! --174.202.xxx.xxx




Renting in winter (by BRAD 20,000 [IN]) Posted on: Dec 23, 2023 10:13 PM
Message:

Debi,

No reason to wait. We sign new leases 363 days a year.(not Christmas or Easter) Lots of people start new jobs on Jan 1, there are ALWAYS people splitting and divorcing every day, some have extra time to look and move, year end bonus checks, for many people Christmas is just a day off work...

MANY reasons to keep moving.

BRAD --73.103.xxx.xxx




Renting in winter (by Small potatoes [NY]) Posted on: Dec 23, 2023 11:42 PM
Message:

Let's face it renting this time is year in the NE is difficult, not impossible but tough. Have tenants who used elt to leave. I was notified end Oct thru are out by the end of Dec, 2 made it through pre-screen, one I dodged a bullet when we met, other was unstable and I'm glad they didn't move forward. A quarter of inquiries that complete pre-screen are homeless living in a hotel. The rest are not doing much better. --172.59.xxx.xxx




Renting in winter (by GKARL [PA]) Posted on: Dec 24, 2023 6:39 AM
Message:

I just had someone give notice that they'll be moving on 12/31. I'll be keeping the SD and posted ads yesterday. It's likely I won't fill it until February but we'll see. Generally it's been my experience that the tenant pool improves after the first of the year. There's no reason to wait until spring. It generally takes upwards to 60 days for me to find a tenant. If you wait until March, you might not fill the vacancy until April or May. If you start now, you'll likely have it filled in February or March. --209.122.xx.xxx




Renting in winter (by zero [IN]) Posted on: Dec 24, 2023 9:11 AM
Message:

I take possession of a new place on the 27th of December. Will start working on it (cleaning) and move tenant from apartment into it asap.

I already have my VM and site stating that the place will be coming open soon. Just in case someone does check.

As soon as it is empty I should only have a small list of things to work on and then it is on market. People still move in the cold, they just don't like it as well.

If it sits empty at least I have done my part. Of course this will be after the first so maybe it won't matter. --107.147.xx.xxx




Renting in winter (by Oregon Woodsmoke [ID]) Posted on: Dec 24, 2023 10:47 AM
Message:

Go ahead and put it on the market now. You might get a good tenant, you might not. You might get it rented a lot earlier than spring and if you don't, you will still get it rented to a good tenant just as fast, either way you do it.

Good people do move during winter. You just have to screen with extra diligence. --76.178.xxx.xxx




Renting in winter (by Salernitana [CA]) Posted on: Dec 24, 2023 11:10 AM
Message:

I think that you should at least start now to look for a tenant. Your state's balmy weather makes it attractive. We advertised a rental last December and rented it out just days before Christmas.

Best of luck to whatever you do and may your former tenant's soul rest in peace. --172.56.xxx.xxx




Renting in winter (by Tim [CA]) Posted on: Dec 24, 2023 11:26 AM
Message:

I just signed a tenant yesterday at a pretty big increase over the last tenant. You have to try. --108.201.xx.xx




Renting in winter (by mapleaf18 [NY]) Posted on: Dec 24, 2023 12:21 PM
Message:

I'm with Small potatoes. had an ad up in various areas; coming up on 60 responses. One made it past the prequal and she was a no show. Then again I'm speaking for the BLUE, COLD northeast.

Mostly unrentables who are looking for someone who doesn't screen. You still have to put forth a good faith effort though. --64.246.xxx.xxx




Renting in winter (by Debi [OK]) Posted on: Dec 24, 2023 12:38 PM
Message:

Wow! Thanks everyone for the sound advice! --174.202.xxx.xxx




Renting in winter (by Robert,OntarioCanada [ON]) Posted on: Dec 24, 2023 1:53 PM
Message:

Remember run thorough credit checks on all adult applicants where three pieces of photocopied identity to avoid the one letter change in surname where credit check comes back no information. January is a time where there are a lot evictions so make sure another eviction trash out cycle is not started. Also make sure utilities are in tenants name before move in. --207.236.xxx.xxx




Renting in winter (by Vee [OH]) Posted on: Dec 24, 2023 1:55 PM
Message:

Use this time to be sure the details are worked out on the unit, and make sure your screening methods are legit and you won't stumble on wacky information, no harm in trying a rent increase - better applicants are expecting an increased price. --184.59.xxx.xx




Renting in winter (by Wilma [PA]) Posted on: Dec 24, 2023 2:36 PM
Message:

Go ahead and advertise and screen. I've had pretty decent results with people who I've approved in December and January. It may take a while longer to get it filled, but as was mentioned, people are moving all the time and for dozens of reasons.

The last person who signed a lease in December has been in place for 8 years and still shows no sign of moving on - and has been a no-drama, paying tenant the entire time. --98.115.xxx.xxx




Renting in winter (by Sisco [MO]) Posted on: Dec 24, 2023 3:29 PM
Message:

Debi, as a Landlord it is our job to maximize the income of our housing units.

If you have become so jaded about your local wintertime tenant pool that you think it of no use to advertise, it is time for you to hire a property manager. --149.76.xxx.x




Renting in winter (by Pat [VA]) Posted on: Dec 25, 2023 6:55 AM
Message:

I have a couple that bought a house, closed on the 20th. I have been advertising on Craig's List for 3 weeks and FB Marketplace until I pulled it.

Have gotten several inquiries. Most have either unlawful detainers on their records, or SO's that have criminal records, so I don't respond. Have had a couple that have good jobs, but seems like they have a history of changing jobs or moving around a lot. The couple vacating have been there over 8 years, and I'm kind of glad they are leaving as I am under market rent. --216.126.xx.xxx




Renting in winter (by Robert,OntarioCanada [ON]) Posted on: Dec 25, 2023 10:13 PM
Message:

Running credit checks on all adult applicants is not rocket science where first is to establish identity where three pieces of photocopied identification along with valid social insurance number. A common trick is to change one letter in the surname where comes back no credit history. Unpaid utility bills or any unpaid bills already set a precedent on how bills are going to paid. In the province of Ontario a minimum credit score of 700 and above or they keep looking. On the credit reports if moving around every three months where unstable tenancy shows where things are going to go. Not only is it rent arrears but a completely trashed out rental unit. Some claim discrimination where it is business not charity to feel sorry they have been evicted a few times. All adults are required to bring completely filled out rental applications no exceptions. One with bad credit where that is end of story. While it may cost upfront to run credit checks it will save thousands in lost rent along with trashed out rental units. First to check out place of work exists along with address of where they are living. A lie then applications is not worth running through a credit bureau. Another common trick is to use friends and relatives for a reference where first ask it they have any apartments or houses for rent then if they do not know what you are talking about that end right there. View some videos on You Tube about the tenants from hell where will see that those people must kept out. --207.236.xxx.xxx




Renting in winter (by Sue [IN]) Posted on: Dec 29, 2023 5:36 PM
Message:

October and November were slow rental months for me. Lots of people looking but very few I was interested in renting to. December rented 2 properties. Listed a property 2 days ago that we are cleaning, fixing, painting for February move in. Already have showings and application. --75.221.xxx.xx




Renting in winter (by Patti [OK]) Posted on: Dec 29, 2023 7:04 PM
Message:

Havenít had much problems in renting in any month for 25 yrs. If someone needs a place to to live all years round. --68.97.xxx.xx




Renting in winter (by steve smith [OR]) Posted on: Dec 29, 2023 9:04 PM
Message:

I have single-family and duplexes.

Something that always moves is something that it was the renter an advantage.

Think outside the box!

I have houses that I use options to market. Typically responsible dependable clients want to have the opportunity to see their money go toward the purchase of an option.

An option is a unilateral contract and the income from the option purchase is taxable only when they exercise?? I have used it for years and it might be tough to use with multiunit buildings.

On houses it works great, divorces and other issues. Typically yield the property back to me.

I dare everyone to consider an option, and also rent locks were legal. Can be used as a tool to your advantage. Just like an option.

--97.120.xxx.xxx




Renting in winter (by Or [MI]) Posted on: Dec 30, 2023 11:49 AM
Message:

Not posting = not renting= empty house you need to check on = no income...

Posting may be as above but it is a chance, even if a small one, to find a new resident. If you do find one, could you sign a lease only until the end of April and renew as needed? Winters are always harder and those who are trying to move this time of the year are for the most part not so great. But maybe you will get the one good one who is moving due to a new job? --68.37.xx.xxx




Renting in winter (by Fred [VA]) Posted on: Dec 30, 2023 10:27 PM
Message:

We do 2 year leases. When we have a vacancy going into the winter instead of 2 years we will add extra months. So if rented in December, lease begins January 1 we will ad 4 months making the lease expire in 28 months. --159.250.xx.xxx




Renting in winter (by Ryan24 [MD]) Posted on: Jan 1, 2024 11:04 AM
Message:

Worst thing that happens if you try to rent it is it will sit empty until spring anyway. If you have a $1,500 rental and you let it sit empty that is about $50 per day for every day you have it empty. There are always people looking and moving. Even in the winter. This year in particular has seemed to be harder and the applicant quality this time of year is sub-standard but we are still filling vacancies and finding good people. This time of year there are also a lot less options for the people that are looking so it CAN be a good thing if you're one of the few available. --73.135.xx.xxx




Renting in winter (by Debi [OK]) Posted on: Feb 6, 2024 9:22 AM
Message:

Thanks everyone! It took longer than normal but we did rent it out so thanks for the advice to go ahead and try. We did have to kiss more 'frogs' to find the 'Prince' this time but as always patience paid off and we think we've found a family who will pay on time and stay a long time. --104.12.xx.xx



Click Here to send this discussion to a friend
Report discussion to Webmaster


Reply:
Subject: RE: Renting in winter
Your Name:
Your State:

Message:
Renting in winter
Would you like to be notified via email when somebody replies to this thread?
If so, you must include your valid email address here. Do not add your address more than once per thread/subject. By entering your email address here, you agree to receive notification from Mrlandlord.com every time anyone replies to "this" thread. You will receive response notifications for up to one week following the original post. Your email address will not be visible to readers.
Email Address: