Arlington, Texas 2021-05-04 11:45:40 –
This regularly scheduled sponsored Q & A column is written by Eli Tucker. Arlington-based National Association of Realtors member And a resident of Arlington.Submit your question to him on mail For response in future columns. pleasant!
Question: What are the most favorable and unfavorable times to bring real estate to the rental market?
Answer: The rental market follows a similar seasonal trend, as the resale market in the spring tends to be the best time to list a property and the market is the slowest during the winter. This market analysis looks at all Arlington rental properties from 2015 to 2019 (excluding 2020 because it is anomalous) and the month the property is listed on the rental property is the landlord’s negotiated leverage and market. Determined how it will affect the number of days in. We divided the data into apartment-style properties and single-family / townhouse properties to see if there was a lot of variability, but the trends are similar for all property types.
Best month to list: March to July
Worst month to list: September to December
The data I examined to determine the best and worst months is the ratio of the final rental price to the original asking price (indicating how much leverage the landlord has), the average in the market. The number of days and the percentage of properties rented within 2 weeks. Listed for rent. These data points provide some of the best indicators of how successful you are in renting a property at different times of the year.
It’s clear that there are good / bad months to rent, but I think it’s important to note that the gap between the best and worst months isn’t big, but the landlord puts himself in. You must work in the spring / early summer lease cycle and avoid signing leases that expire in late autumn / winter.
Residents have the most properties on the market from May to July, and we can expect a significant reduction in options from October to December.
Feel free to contact me if you would like to discuss buying, selling, investing or renting. [email protected]..
If you would like to answer questions in my weekly column, or if you would like to set up a direct meeting to discuss local real estate, please send an email to. [email protected].. To read previous posts, please visit the blog section of the following website: www.EliResidential.com.. Please call 703-539-2529 directly.
Eli Tucker is a licensed real estate agent in Virginia, Washington, DC and Maryland and owns RLAH Real Estate, 4040 N Fairfax Dr # 10C Arlington VA22203. 703-390-9460.
Ask Eli: Best and Worst Months to List a Rental Source link Ask Eli: Best and Worst Months to List a Rental