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Updated over 6 years ago on . Most recent reply

Not sure if multi family is for me: turnover?
I have a four plex under contract and have some hesitations about how involved I will have to be. Seems like the tenants have not been there that long. I have seen that apartment rentals turn over more often, about 9 to 12 months or so in the past at other places I've watched like a hawk.
Right now my single family houses have long term tenants in them. Many have been there 3 years and counting. Hardly ever call me. Hardly any turnover.
Now with a four plex I worry about having to constantly deal with turnover, coin operated laundry, etc.
I'm not sure if it's worth it or not.
Most Popular Reply

Worry is paying interest on debt you don’t owe .
You may get tenants that stay for years . Stop worrying about things like this and worry about screening tenants ! That’s how you mitigate vacancy - by getting the right tenants in place ! People worry because of a lack of any control . Well stop doing that ! ..because you do have some control in this situation