Have you ever heard the term professional tenants? If you have ever tried to rent a property in the winter time, you probably know what I am talking about. These are the tenants that for a really well priced home will ask the question, will you take $100 less and include heat and hot water? These tenants seem to recognize that many people do not want to move in the winter time and so they recognize the opportunity and seem to move every year exactly then. As a property management company, winter leasing is extremely hard as we frequently have to accept a tenant we would reject in the summer.
Most owners would say there is no way around winter vacancy but at Ironclad Property Management, when we understand a problem, we work to come up with a solution. Our solution is simple in practice but difficult in execution. It involves putting tenants in over 1-year leases starting in September, and pushing lease renewals instead of allowing tenants to go month to month after their lease is up. This takes a lot of additional coordination and helps save our owner’s lots of money in the long run.
This is the type of thing we do at Ironclad Property Management to make sure we get great tenants, and minimize vacancy (especially in the winter).