A lot of landlords ask about the best time to rent out a house. My standard answer to that question is – right now is better than waiting. You should rent it out when you need to get it rented. In some cases, waiting can be better. I guess it depends on your market.
Rental Seasons and Geography
In Minneapolis, where I have friends, they will say you must get a property rented out in the summer, because no one will want to get it done in the slush and the cold. If you’re in Tucson, where we operate, there is no bad time to rent out a property. There are some times of the year that are better than others, but we are renting houses 12 months out of the year.
Tucson Rental Market
The rental market in Tucson has a peak season, which is actually the heat of the summer. May, June, July, and the first part of August before back-to-school are the busiest months for rental properties. Our schools start back in the middle of the wettest month we have – August. So if you’re going to put your house up for rent, that’s the best time to catch the market. However, if you’re not ready to move until September, October, or November, or your new house isn’t ready or your job transfer hasn’t started yet, you’ll still be able to rent it out to good tenants.
At Foothills, we provide property management in Tucson for furnished vacation rentals too, and the peak months are early spring while winter visitors are here, or late fall and early winter before they arrive for their January, February, and March stay. Visitors who don’t own their own homes here generally stay for those three months, with a little bit of December and April overlapping. Whether they are from the northern part of the country or Canada, everyone wants to be home by April 15 to submit their taxes.
So, the best time to rent your house is when it’s available, when it’s clean, when it’s crisp, and when you need to get it rented. Make sure your Tucson property manager will be able to help you solve the problem.