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  • Buy-to-Let

    When best rental demand? June or Sept?

    Hi All,

    Well the topic has the question really. The tenancy is about to expire and the tenant is looking to extend but only for 3-4 months.

    I would like to do some work to the place, but also trying to figure out the rental demand, when could I re-let it for more, in June or in Sept/Oct. Property is in Clapham/London.

    I am leaning towards Sept/Oct, so let them stay on till end of summer, and do the light reno afterwards?

    I am also going for long term rental to a family, not really sharers or HMO.

    Thanks much!

    Pete

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    Hi Pete,

    I my experience I find that the school summer holidays and Christmas time are quiet for prospective tenants.

    David

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    I wouldn't overthink it personally. There is no specific time a landlord evicts a tenant, someone decides to rent, etc.

    E.g. I've started 2 tenancies just before Xmas even though the general consensus is to wait fo the new year.

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    The majority of families will want to be located and in situ for the start of the school year - especially in Clapham with its bonkers catchment area hassles. As such I’d suggest end the current tenancy now and begin advertising now for a September start date. That gives you time to do the work and source your target tenant in sync with the schools calendar

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    I find there is demand 11 months of the year I find December a dead loss

    but the rest of the time is fine

    If your catering for the student market I think its a different story


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    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.

    3-4 months frequently becomes 6,8,10,12 months, I would be flexible and be ready to do the work when they eventually move out.

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    Hi Pete,

    Interesting choice you’ve got. I’d agree with people’s comments that there isn’t a bad time to rent out, as there will always be demand for a property. It sounds like you already know what you want to do as well, so I’d say go with what is right for you now, not what the potential could be. As while re-letting for more in a certain time could be good you can’t guarantee what will happen.

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