Mini Markets ??
A conversation I have more regularly with landlords is about “mini markets.”
They ask me what the rental market is doing now, or what it is likely to be doing within a lead time of perhaps 6–8 weeks.
When I say “mini markets,” I mean short cycles where an influx of demand vs. supply can lead to price increases or decreases, and sometimes the timing of these doesn’t theoretically make much sense.
This is because we are in an ever globally shifting world, and world events and updates do have rippling effects.
Now… investing in property is a slow game. This isn’t a crypto snakes and ladders type situation. However, pointing to the seasonal rental markets - namely around the academic year as a guide is not as clear as it historically was.
My advice is to recognise a “mini market” and, with good updates from your agent, take the wins when they come, but sensibly apply pragmatism to the losses too.
You certainly want to avoid the void.
Most important thing I always argue: Good tenant ✅, looks after property ✅, always pays rent on time ✅.