Quote:
Originally Posted by Fighting Banana Slug
Right. My experience has been with longer term tenants (3+ years), so that generally requires a bit more of a refresh, hence the month vacancy.
Perhaps others are more efficient and good for them. The point being that I wouldn't budget 100% tenancy and I wouldn't count on the security deposit covering all damages/expenses on move-out. If you do have the unpleasant experience of a bad tenant, it can un-do a lot of good returns.
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I definitely wouldn't budget 100% occupancy, but 1 month every turnover is too much, imo. If you're efficient between tenants you can get a lot done in a short time. My record is new plumbing for a euro style washer, new kitchen countertops, new tile backsplash, and a full repaint (one coat no color change) on a 36 hour turnover. When a month of turnover costs $1000+ I don't mind putting in a long day getting stuff done.