Advertise my Property for RentTo advertise my property for rent
However, most renters have to give up their tenancy to clear their present tenement before they move into your home. These are usually 3 to 4 week, according to the condition of your new tenant. Briefly, you need to know when to start looking for new renters. I took a little trying, but I think I found the magical timeframe, or at least one that worked for me.
Usually, a tenant searches for real estate about a month before moving in. When you advertise too early, you may receive a large number of requests within the first 2 week, but renters may not be willing to delay if your property is only available too far down the road.
If you advertise too early, as you can see, your requests will reach their climax too early. Movement needs forever. As a rule, the tenant wants to take precautions as early as possible to ensure that the move goes well. You want a new place in the line before you report to your present adress.
Couple and a half years ago, I was promoting a place in Mornington. Couldn't come into the building to take photos or plan visits, so the ad didn't go until just a few weeks before the building was empty. There were several phone conversations and the first check was made just a few moments after the former renters had turned the keys.
Usually these renters had to give their notice before their old apartment was evacuated and could not move in for two consecutive week. All in all, the building was empty for almost four whole week. Positioning the ad is a tricky equilibrium, it should neither be too early nor too late. Therefore, it is important that you do not take too much time. Magical time frame is:
My previous experiences show that 5 to 6 week are about right. In this way, you and the new tenant have two to three week's time to find each other, carry out the inspection, application and screenings. Fresh renters have three to four week's time to cancel their old property while they make the last arrangements for their move.
As you have planned your ad carefully, the property should only be empty for a few short digits.