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Updated over 6 years ago on . Most recent reply

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Jack B.
  • Rental Property Investor
  • Seattle, WA
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Not sure if multi family is for me: turnover?

Jack B.
  • Rental Property Investor
  • Seattle, WA
Posted

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

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Dennis M.#5 General Landlording & Rental Properties Contributor
  • Rental Property Investor
  • Erie, pa
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Dennis M.#5 General Landlording & Rental Properties Contributor
  • Rental Property Investor
  • Erie, pa
Replied

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

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