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Updated over 7 years ago,

User Stats

450
Posts
270
Votes
Chris Eaker
  • Buy and Hold Investor
  • Knoxville, TN
270
Votes |
450
Posts

Turnover on Multifamily Value-Add in 1st Few Years

Chris Eaker
  • Buy and Hold Investor
  • Knoxville, TN
Posted

Hello All,

In a value-add multifamily property (say 75-125 units size) in the early years, there will be quite a bit of upheaval for the current tenant base, i.e. construction onsite to renovate the property, renovation of units, possibly implementing RUBS, enforcing more rules on the tenants, and raising rent. How much turnover can be expected during this early period, say the first, second, and third years of owning the property?

Thank you for any info you can offer.

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