WHY NOT REAL ESTATE? - GOLDEN NUGGET - October Rental Market a Trick or Treat?

🌟 Why Not? Real Estate Podcast: Golden Nuggets Edition 🌟
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October Rental Market Take Aways

Turned the market from the summer rental season
• August marked the end of the summer season
• September 15th, 2024 Heating season
• Removing Air Conditioners from windows
• Fall Yard Clean ups
• Snow plow bids being secured
• Budgets get tight for unknown snow expenses
• Heating calls and frozen pipes can happen

August marked the end of the summer season
• School Starts late August
• Families stop moving
• Numbers drop in rental applications
• Screening becomes harder

October begins the Winter Rental Market
• Slow from Halloween to Valentine’s Day
• Halloween people in winter prep mode
• February people get tax returns and move

October Rentals are no Trick or Treat
• Higher # of people who HAVE TO move
• Screening tenants is much more critical
• Fewer good candidates to pick from
• October quit notices go into Nov & Dec
• Courts can be more lenient during holiday judgments
• Government assistance agencies are closed for more holidays
• May need to lower rents in this season
• Shorter terms for faster increases
• We have evicted in the winter, but it is not easy

Absolutely need a bulletproof lease or rental agreement
• Belaire.co over 20 years’ experience in rental market cycles
• Vet your manager to be prepared for winter
• Have plans and strategies in place to make it to Valentine’s Day
• Stay tuned in, click, like, subscribe, comment and share


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