19 Mar Property Management Guide
Property Management Guide
Preparing for peak rental season in the San Diego County is a key way for landlords to be successful. In this property management guide, we will go over when peak rental season occurs in San Diego so that you can optimize your vacancy cycle to make the most of high rental demand. Remember, timing is everything! In fact, by timing the signing of your leases with peak rental season, you can maximize your efforts. For example, when listing your rental during peak rental season you reach more potential tenants. Specifically, landlords can receive up to a 50% increase in applications during the summer. That’s because, the highest number of renters are looking for a new rental property. So, as we move into peak rental season, use this property management guide for some tips on how you can prepare.
When is Peak Rental Season in San Diego?
It’s no secret that San Diego is among one of the hottest rental markets in the country. Not only is rental demand still soaring, so are San Diego rents. Typically, there are more people looking for rental properties in during the summer (May – June). However, San Diego has great year-round weather. So, unlike Minneapolis where there is nothing going on during the cold winter months, a San Diego rental will still rent quickly. Nevertheless, it is still better to have your leases expire in the summer so that you can take advantage of San Diego’s peak rental season (April – September).
Why Peak Rental Season Occurs During the Summer:
- No one wants to move during the winter
- Students who are renting while they are in school, usually sign leases before school starts
- Parents move during the summer to ensure they do not interrupt their child’s school year
- Graduates typically finish school in the summer and move into rentals
How to Optimize your Vacancy Cycle
When listing your rental property during peak rental season, more people see your rental listing. This results in more leads, which equates to a larger pool of potential tenants to choose from. As a result, you can be more selective. This also increases your chance of finding good tenants who will pay the rent on time and take care of your property. Also, if you list your property when demand is high, you decrease your chances of vacancies. Finally, because demand for a rental is higher, rent prices tend to be higher too. By taking advantage of these benefits, you maximize your efforts and optimize your vacancy cycle to make the most of high rental demand.
Struggling to Manage Your Properties?
If you have questions about renting your house out or need help doing so, contact us. We manage rental properties all over San Diego County including homes, condos, multiplexes such as duplex and triplexes, and even small apartment buildings. So, whether you are interested in changing property managers, or simply looking to hire a property management company for the first time, we can help. Let us manage your rental properties, so you can enjoy your life! Call us today at (858) 576-2176.