Identifying the Best Time to Lease Your Property

A common circumstance often dictates when it’s time to lease your rental property, that is, the lease term is up or fast approaching. 

As a landlord, you need to keep that cashflow flowing to ensure you’re getting an investment out of your investment property. And it’s essential you have an idea of the Perth property market, after all… you’re in it! 

Want to know other factors that indicate the best time to lease your property? 

Read more from the Perth property management experts at Thought Leaders Real Estate to find out. 

Identify your target market and their demand peaks 

First and foremost, who will be and who do you want to be attracted to your rental property? 

It all goes down to location (location, location) and all the property specifications included (or not included) in your rental property. 

For example: 

A rental property in a family suburb with a well-sought-after public school will most likely attract families. 

A townhouse, unit or a larger property (like a share house) close to a University will likely attract students or academic staff. 

An inner-city apartment just may be what corporate professionals are after. 

A low maintenance, lock-up and leave property by the beach is often attractive to retirees. 

Demographics will have different peak rental demand periods. 

For example: 

Students – late January and early February – at the start of the academic year, 

Executives – November and December, before the start of the next calendar year, and 

Families – School holiday periods. 

So, figure out who you’re targeting with your property management Perth specialist to advertise your rental property at the right time. 

Customise your lease with a Perth real estate agency 

No property, tenant or landlord is the same. The Perth property market is different, year after year, even month and after month. 

What does this mean? 

It means sometimes landlords have no choice but to rent in a period of low demand. However, it doesn’t have to be bad news if you customise your lease. 

How does it work? 

For example, you could rent to a student in June, offering an 8-month lease (instead of the usual 6-month term), which allows you to rent-out again in January, a peak period for students. 

A 14-month lease offering to an inner-city professional in January, will allow you to rent-out again in the March and April period. 

Tenants and landlords alike often appreciate flexibility on lease terms for mutual beneficence.  

Let a property management Perth expert assist you in a win-win lease for yourself and your tenant. 

What can property management assist with? 

To summarise, there’s no one-size-fits all for the best time to lease your property. It really does depend on who you’re targeting. 

Thought Leaders Real Estate can help you advertise and source the tenant that will best fit your rental property. We’re the humble yet mighty real estate agency in Perth that truly wants and works for the best property solutions for all parties. 

Need professional property management in Perth?  

Contact Thought Leaders Real Estate today to discover the services of a Perth real estate agency with a difference.