I don’t know about the rest of the country, but in Minnesota, many duplex owners have realized tenants don’t like to move in the winter.
Why do I bring this up now? After all, it’s September. Football season has just begun. Winter is months away.
Because I don’t know whether it’s the result of too many Snickers bars, or the onset of the holidays, but in a tenants mind, winter starts the day after Halloween.
As in seven weeks from now.
This is particularly important to keep in mind if you’re thinking of buying a duplex. After all, if you have an offer on one, and were planning on closing the sale next month, it doesn’t leave you much time to paint or rehab your duplex before you need to get it rented.
Many of my duplex investors are scheduling closings keeping exactly those challenges in mind.