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Updated almost 7 years ago on . Most recent reply

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Dan Handford
  • Multifamily Syndicator/Investor
  • Columbia, SC
463
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679
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Turning Over Multifamily Units - What is the standard?

Dan Handford
  • Multifamily Syndicator/Investor
  • Columbia, SC
Posted

I was shopping an apartment for a syndicated investment this past week and was drilling the property managers on various topics.

One of the topics that I have been getting a wide variety of answers is when I ask the question of how fast they turn over units. 

I had one multifamily (261 units) PM tell me they turn over units and have them rent ready in 3 days. 

Another apartment PM (346 units) told me it took them 2 weeks.

Then I had another PM (178 units) say it took them "about a week".

What is the standard or "norm", if there is one for this type of turn over?

Any thoughts or input here?

Most Popular Reply

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Henri Meli
  • Investor
  • Morrisville, NC
672
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Henri Meli
  • Investor
  • Morrisville, NC
Replied

@Dan Handford I had a contractor who would do this type of work for me within 3-5 business days (depending on the size). I would pay him extra to send someone on the week-end do it, if needed. 

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