As always, summer is one of the very busiest times to move. For families, it may be the only time they can manage to easily transition their kids to a new home, especially if they’re switching school districts. That leaves a few high-traffic months to sell their current home, buy a new one, and make the move. It can be a stressful time, and many families choose to rent before buying.
How can landlords and apartment managers help these potential tenants and prepare for the summer rush? Here are a few of our ideas.
Do research and prep before the season starts. Use previous years’ data and current market trends to determine what sort of demand you can expect for your current rentals. Make sure you plan ahead for unit turnover and that any available units are cleaned and prepared for new tenants before the busy season starts.
Highlight your community and amenities. Many people moving over the summer are families with children, and they may need time to adjust to the new area where they’d like to live. Appeal to them by highlighting your local amenities and the community available around your rental property.
Consider what sort of background and screening you’ll need. Dealing with a higher volume of interested renters means you may also be dealing with an increased volume of paperwork. If you need help managing renter background checks and screenings to make sure you’re selecting the best tenants for your property, give your favorite Tenant Screening Center a call.
Make the choice easier. Do you have a number of open units to fill? Make choosing your property easier for potential tenants by offering specials, temporarily discounted rent, community activities, help with the move, or other similar services. You’re not only helping your new tenants settle in easier, you’re also making your property more appealing. Consider the sort of tenants you want and aim for promotions that will interest them specifically.
Offer three-month or month-to-month leases. For people looking for a temporary living solution until they can find a new home to buy, a short-term lease can be very appealing. If you’re looking to fill your units during the summer, think about offering them up as temporary housing.
Help families who are planning a summer move have an easier time of it with these easy prepping tips. You can usually expect an increase in potential rental requests over the summertime as families and others prepare to make a move or are looking to downsize. Make sure you’re prepared!
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