How long will it take to rent my home?

First, remember the old adage that you can’t manage your way out of a bad situation.  If the home is in rough shape, or the location has issues, even the best manager is going to get mediocre results. In those instances most get terrible results. The following holds true for homes in at least, average condition and location.  For homes that aren’t, expect poorer performance, more stress, and higher turnover, write off and vacancy costs.  Ironically these homes tend to rent quickly for high rents but that is a classic amateur trap due to marginal tenants having little concept of discipline, organization and order, and care for financial prudence. They also typically know they’re going to burn you eventually 

As we update this document in July of 2022 the market in every metro we cover is on fire.  We have consistently filled most homes within 2 weeks since early 2020. That’s despite the fact we have intentionally pushed rents to ridiculous heights specifically to maximize your rate but also to limit the number of applications we have to process.  Even in a hot market there tends to be a maximum rent you can advertise before people simply tune out, and we have consistently achieved nearly that rate 

However we likely sit on a precipice where we might see the first year or two of softening we’ve had since 2006. Should the market soften, we price our properties to have them occupied within 45 days. If we list a home in a normal market we usually spend about half the time marketing, and half the time waiting for their lease to begin. Anything faster almost surely means that we underpriced the home. Pricing is an art not a science, and we are property management picasso’s 

Seasonal shifts and timing play a larger role in slower markets as well.  So a winter listing likely has tougher decisions to make regarding the delicate balance between rate and vacancy than a spring listing would. For the most part we set a custom price for new listings and reduce consistently from there. That moves our listing to the top of most sites, initiates hundreds of price cut notices, generates a sense of potential loss for those considering the home, and generally juices traffic and maintains a steady flow to our marketing process. In a normal market we typically re-list a previously rented home for 5-10% more than the current rental, and again reduce consistently. In these instances we strive to have move in within 2 weeks of move out, but that is usually only practical if the existing tenant is neat and cooperative. That further enforces our mantra that quality tenants contrtbute to the bottom line in nearly every way, including getting the home rented faster as they’re moving out 

To find our most recent market info find us on social media, or on our primary news resource: 

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