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Updated over 6 years ago on . Most recent reply
![Jack B.'s profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/250647/1621436253-avatar-jackb2.jpg?twic=v1/output=image/crop=3000x3000@499x0/cover=128x128&v=2)
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.
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- Rental Property Investor
- Erie, pa
- 9,406
- Votes |
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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