10 Dec Is Christmas a Good Time of Year to Market Your Multifamily Rental Property?
Christmas is literally days away now and it will be followed by New Year’s Eve just one week later. Sadly, many owners choose to not market their multifamily rental properties in December because they think renters will be more focused on celebrating the holidays instead of looking for a new place to live.
The reality is that when it comes to marketing multifamily investment properties, there never is a “bad time” to own a multifamily property because rentals are always in demand, especially in December when many people are in the process of relocating to the Los Angeles area.
One Reason Why December Is A Great Time to Market Multifamily Rentals
If you’re an owner, it’s important for you to know that the month of December is an especially good month to market multifamily investment properties. Why? The answer is simple. As we mentioned above, most owners will be taking a couple of weeks, to one month off during the month of December and this also means less competition with other owners.
Since many multifamily rental properties in the Los Angeles area will become available for rent in late January, listing a multifamily property now is a smart move before the competition with other owners starts to heat up.
People Are Motivated to Move in December
Let’s face it, if someone is searching for a rental property in December it’s because they are ready to move. This is the truth because most people would rather be focusing on celebrating Christmas with their friends or family than moving.
Any motivated owner who has their property ready for rent in December can capitalize on motivated renters and get their properties rented quickly while other owners wait to list their properties in January.
Contact MW Real Estate Group
Do you have vacant multifamily rental properties but you don’t want to rent them yourself? Let MW Real Estate Group help you! We’re experts at sourcing, acquiring, and managing multifamily investment properties in the Los Angeles area.
To learn more about the services we can offer you contact us today by calling (213) 927-2117 or click here to connect with us online.