It's well established that the summer months are when people tend to move and find new rentals. Unfortunately, during the holiday months, it can be challenging to fill a vacancy. However, winter does provide the opportunity to attract high-quality, long-term tenants by taking strategic steps during these months.
In this article, we’ll go over the difficulties of finding new tenants during the holidays and how to
stand out against the competition.
Although winter is considerably slower than summer for finding new tenants, a helpful way to attract tenants can be to optimize your online listings. Update property descriptions to include seasonal-appropriate benefits. This can include using trending terminology like cozy interiors, energy-efficient features, or local holiday events. Emphasize features such as patios and decks and other areas where friends and family can gather.
Consider having seasonal photos with holiday decorations to intrigue prospective tenants. Seasonal photos can show off your property’s practicality and adaptability even though
Long Beach has great weather year-round. By offering a variety of pictures, you may attract prospective tenants who might not have considered your listing at first glance. Although we don't get snow, the changing colors of leaves can add warmth to your rental that could otherwise be lost if you only have photos during bright summer days.
Since there are fewer tenants looking for rentals during the holiday season, you can attract attention by lowering upfront costs to prospective tenants. This can not only help new renters who may be struggling with holiday expenses, but it's also a great way to garner goodwill and begin a positive relationship with incoming tenants.
You can do this by offering move-in specials such as a discounted month of rent, offering a month or two rent-free with the sign of the lease, or Gift Cards as a welcome package. By offering these move-in incentives, you can help your tenants financially during the holidays while filling in a vacancy during the slow season. At first, this may seem like an expensive investment to fill in vacancies. However, consider the favor you’ll have gained from the tenant. As we know a happy tenant will likely stay in your rental for a longer period of time. Which in the long term can be beneficial to your bottom line.
A great marketing tool is to promote upgraded features to your rental listing. While stating your rental is equipped with a washer and dryer is good, showing a brand-new washer and dryer can incentivize a tenant to consider your rental as a possible option. While not a cheap endeavor, it can pay off in the long run, especially if you’re dealing with a vacant rental for an extended period of time.
Upgrading items in the kitchen and bathroom are oftentimes more desirable by prospective tenants. This is because while a tenant is free to arrange, furnish, and decorate bedrooms and living rooms, the bathroom and kitchen are usually left as is. This means that an emphasis on
upgrades in these rooms should result in more interest from potential tenants.
It's important for you to be proactive in marketing during the holidays, as there are fewer eyes looking for rentals. While it may be a higher upfront cost to find a tenant during the winter, it can be seen as an investment for high-quality, long-term tenants. If you need help managing Beach City rental property, we invite you to call us today at (562) 888-0247 or complete our
Owner Application online.