“I’m considering turning my house over to an agent in South Australia towards the end of the year. What are the chances of renting out my house just before the Christmas period? Would it be better to wait until the new year?” – Owner, SA
We asked DIY Property Management for their advice:
“Business activity in general, apart from retail shopping, slows down during the Christmas/New Year period, but that should not stop you from advertising your property during this time,” they said.
“People take advantage of the break to organise and plan for the year ahead. This is also the booming period for interstate business transfers and when overseas students are searching for accommodation.”
In this instance, it’s worth starting to advertise your rental property towards mid to end of November, even if you currently live or have a tenant living in the property, stating the date the property will be available.
“This will give prospective tenants and your agent time to show and inspect the property, prepare leasing documents and hand over the keys before Christmas,” they said,
“If you don’t find a suitable tenant before Christmas, you should have a healthy number of enquiries coming through during the break waiting to be processed right after the holiday period.”
“This is the beauty of the internet. It is open for business 24/7, and tenants can send enquiries whenever it is suitable for them.”
DIY Property Management
DIY Property Management is a company that supports landlords who choose to manage their rental property. Based in South Australia, DIY Property Management provides the documentation, forms and information you need to be confident in your duties as a landlord. The company is the only one in Australia to provide in-depth instructions and a complete set of tools for landlords to help them advertise and manage their rental property in one place.