Multi-Family and Apartment Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 7 years ago,
Turnover on Multifamily Value-Add in 1st Few Years
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.