Skip to Content

Get a FREE assessment of your rental property. Start here!

Get a FREE assessment of your rental property. Start here!

How to Use the Seasonality of Rental Real Estate to Your Advantage

Model Houses Lined in an Incline with an Upward ArrowAn advantage of investing in Cheney single-family rental homes is the predictability of what will happen in the market, and when. Like other things in life, renting also has seasonal patterns each year. These patterns are known as “seasonality” and can help property owners and landlords anticipate and prepare for tenant turnovers. Understanding seasonality and how it could help you optimize your time and budget is critical for owning lucrative rental homes.

Searching Season vs. Moving Season

Seasonality means that searching and moving have their respective peak seasons at different times of the year. Even as rental markets vary, the fluctuations in renter activity are vastly predictable. The searching season usually begins in the early part of the year, peaking at March through July when you see the most people looking for a new rental home.

The Heat of Summer

Most renters prefer to move during the summer to take advantage of the warm weather, making May to September peak season for moving in or out. Renters still move for various reasons and at different times of the year. But they mostly move during the summer months as renters tend to avoid moving in cold or snowy weather. This means summer tends to be one of the busiest times of the year for rental property owners.

The Cool of Winter

In comparison, the rental market slows down a bit in the cooler winter months. This is mostly due to weather and renter preferences. Most renters prefer to stay where they are rather than move during the winter holiday season.

Using Seasonality to Your Advantage

It is important to know the seasonality patterns of your local market, just in case, it varies a bit with the national real estate market trend. This information can be very helpful in your annual planning. Any successful landlord-tenant relationship needs regular communication. But during peak searching season, it is wise to listen for hints about your tenant’s intentions for the coming year. This is especially true if their lease is up for renewal.

Let us say that your tenant is likely to move out. In that case, you can then start preparing for the turnover ahead of time by assessing the property condition, preparing marketing materials, and scheduling property maintenance.

When you understand seasonality, you can plan your schedule better. Most Cheney property managers complete administrative tasks, take personal time away, or check on other aspects of the business during the winter season, knowing that renters tend to move in or out during the summer. By doing this, you can anticipate and prepare well for the busier moving season when it arrives each year.

One of the ways a landlord can ease the workload is by hiring a good property management company to take care of the day-to-day tasks. Real Property Management Spokane County can help with almost every aspect of rental property ownership, all year round. This can free up your time to focus on your investing business. Contact us today to learn more about all the services we offer

We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.