How long will it take to lease my property?

The length of time a rental property is on the market will depend on several factors.

The market conditions

Such as summer periods when properties can be leased in one inspection compared to the quite months in Winter when it can take up to 10-14 days to be leased.

Pricing

The length of time a rental property is on the market will reflect how it is priced with comparable properties.

Demand

If your property doesn’t match the demand of the prospective tenants this could also result in a longer vacancy period. However, this should be advised by the property manager and a different marketing strategy may be required in order to secure a suitable tenant in a time that matches your needs.

Conclusion

The price, demand and market conditions can all play a factor in the length of time a rental property is on the market. That is why an experienced and pro-active property manager is key to low vacancy periods and why 44 Home Real Estate conduct inspections any day of the week and are in daily contact with landlords through out the whole process.