The last quarter of the year is typically a slower time after the hustle and bustle of the summer moving season. With covid, everything has changed. As mentioned in the “What The Heck Happened” post, the world went haywire, the residential housing market went haywire, and the residential rental market got a huge black eye and is down on the mat as we speak. What I mean there is that there still is not many rentals to choose from and many owners are still choosing to sell their house and uproot their tenants. With this being the case, I expect the fall to be just like the rest of the year when it comes to rentals……they rent super fast for more money.
When I first started in Property Management, I was (and still am) the best at marketing a property. Believe it or not, back then it could take up to 45 days to rent a house and that’s when I used video tours, pro photography, postcards, social media, etc to market them. This fall, I don’t know if I will even put a sign in the ground on a single listing. Not that I won’t have listings to market, its simply that the ones I have coming vacant are already spoken for by current tenants needing to move because the owner is selling, or past tenants returning are needing a place. We’ve been doing that all year and I don’t expect it to change this fall.
What I do expect to be the same is the leaves that need to be raked, the gutters that need to be cleaned, the football that must be watched, and the chilli that makes it all worth doing.