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2 year rental Versus 1

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Steven Schafer
Steven Schafer

Here is an analysis of how writing 2 year leases compares to 1 year leases. South Jersey Landlord rentals. Best times of year to put your property up for rent.

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A new analysis s unit suggests that landlords and unit owners would be better served to write leases that end between March 1st and August 1st. ï‚· A two year review of the Atlantic County rental market shows increased volumes between March 1st and September. ï‚· Rental volumes in each of these months exceeded 200 units per month while all the other months were under 200 units. ï‚· January is indicated to be the lowest month. In January 2014 the market supported 124 rentals. ï‚· New Jersey Law, allows real estate agents to write leases for any length of time. Some states like Florida limit an agent to a 1 year lease. This allows agents to write leases that might traditionally end in January, and extend them to 14 months with and end date in March.
2 year rental Versus 1
Typical Example of a rental unit with 30, 1 year leases versus the same unit with 15, 2 year leases. Typical: $ 1200 per month rental x 12 months = 14,400 per year minus $ 1200 in real estate commissions minus 1 month vacant during rental process. Total annual receipts = $ 12,000.00 x 30 years = $ 360,0000.00 This same unit with 15, 2 year leases: $ 1200 x 24 months = $ 28,800 minus $ 1200.00 minus 1 month vacant = $ 26,400 x 15 cycles= $ 396,0000 or $ 36,000 more during the same time frame. Full Rental Marketing and Support Services Steven Schafer, Realtor Berkshire Hathaway Homes Services 609-470-1806 ï‚· Rental Listings ï‚· Certificates of Occupancy ï‚· Smoke detectors and carbon monoxide ï‚· A/C Filter Changes ï‚· Handy Services

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2 year rental Versus 1

  • 1. A new analysis s unit suggests that landlords and unit owners would be better served to write leases that end between March 1st and August 1st. ï‚· A two year review of the Atlantic County rental market shows increased volumes between March 1st and September. ï‚· Rental volumes in each of these months exceeded 200 units per month while all the other months were under 200 units. ï‚· January is indicated to be the lowest month. In January 2014 the market supported 124 rentals. ï‚· New Jersey Law, allows real estate agents to write leases for any length of time. Some states like Florida limit an agent to a 1 year lease. This allows agents to write leases that might traditionally end in January, and extend them to 14 months with and end date in March.
  • 3. Typical Example of a rental unit with 30, 1 year leases versus the same unit with 15, 2 year leases. Typical: $ 1200 per month rental x 12 months = 14,400 per year minus $ 1200 in real estate commissions minus 1 month vacant during rental process. Total annual receipts = $ 12,000.00 x 30 years = $ 360,0000.00 This same unit with 15, 2 year leases: $ 1200 x 24 months = $ 28,800 minus $ 1200.00 minus 1 month vacant = $ 26,400 x 15 cycles= $ 396,0000 or $ 36,000 more during the same time frame. Full Rental Marketing and Support Services Steven Schafer, Realtor Berkshire Hathaway Homes Services 609-470-1806 ï‚· Rental Listings ï‚· Certificates of Occupancy ï‚· Smoke detectors and carbon monoxide ï‚· A/C Filter Changes ï‚· Handy Services