June is typically the hottest mont with the most demand for Oklahoma City property rentals. Every market has some seasonality to it and in Oklahoma City we are a very school driven market when it comes to single family homes. School is out in May and it typically starts up again in the middle of August, so from April to the middle of July we have the strongest demand. This doesn't mean that we can ent in other months and in fact we can but it requires a bit lower rent, usually $100 a month lower in order to get a tenant. Often we try to do more than a 12 month lease so as to get us out of October for instance, and that often works.
We have found an exception to that however. Since we started to build duplex to quadriplex communities we have found no seasonality for a variety of reasons. The first is that it is less family oriented, the second is that we get a lot of apartment dwellers who like a community but not 800 doors like we see in apartment complexes. When we rent in the fourth quarter we have seen no difference in rent or in the time to find a tenant than in June so for those who want cash flow and access to even more renters this is a good way to go.
Our job as real estate investment specialists is to be totally transparent with you and give you the education you need to make an informed decision. I have practiced this selling Oklahoma City real estate investments for the last 27 years and this is why I believe we are successful. We want to build wealth for you that doesn't just exist on paper but also in the real world and we want to insure a long term future with you. I am not here to tell you that we are perfect every time but when it comes to our Oklahoma City real state investments we err on the side of caution because that is what we do for ourselves so we believe that should be the same way you are treated.
For more information on investing in Oklahoma City real estate for positive cash flow and long term wealth building please email me at joe@joepryor.com.
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