Rental properties can successfully be listed at any time during the year. Years of low rent vacancy rates nationally and locally due to high demand mean renters are looking for housing year-round. But there are three main reasons why spring and summer are clearly the best times to find potential renters.
The Wallet is Full
During this time of year, Minnesotans have yet to dip too deep into their summer funds. They’re likely still basking in the glow of a tax refund, which has added to their financial confidence, if only temporarily. It’s the perfect time for renters to invest some of their money into upgrading their rental housing situation. They may even hire a moving company to complete the transition.
The Forecast Calls For Moving
As Minnesotans, we’re quite aware that life is more difficult in the winter than the spring. Everything in the winter brings with it an added level of difficulty. Spring and summer are the ideal time for renters to not only view properties, but also complete the moving process. While many would agree that moving is not fun, moving with mittens and winter boots is much LESS fun.
Don’t Forget About Families
Families with school-age children are much more likely to move in the spring or summer when their children are in between school years. Moving during the school year is difficult, even if staying in the same school district. But moving mid-school-year to a new school district can be quite an emotional challenge for a child. Listing your property in the spring ensures you’re not neglecting this valuable group of potential renters.
Fortunately, you haven’t missed your window of opportunity. Simply Residential Property Management has seen a flurry of recent rental activity and we’re securing quality tenants even more quickly than in the past. There is still time to get in on the spring fever. Learn more about services that Simply Residential provides by calling 952-893-9900, requesting a free rental analysis or emailing our Vice-President of Operations at firstname.lastname@example.org. We look forward to speaking with you!