Small Multifamily, how long are your vacancy on average?

[Robert Hernandez]

Hello BP Family,

I recently purchase a quadplex that currently has one vacant unit (2br/2bath).I have a PM to screen and find a tenant. I am worried about an extended vacancy. We have not listed the unit yet, we're taking pictures tomorrow.

The unit is in an "C" class area with a community of small multifamily, duplex and quadplex. I looked on Zillow and Hotpad and there are about 7 other listings that are for rent. I august/September a hard time to find renters?

People with quadplex in a multifamily community, how long are your typical vacancy?  But, should I be concerned about finding a rental. My price point is about average for the area "700". I have no intentions on lowering my standards in terms of background check, etc.

Being my first rental and vacancy i am very nervous and concerned. Wish me luck!

[Josh Bakhshi]

Robert,

Relax and take a breath.  You haven't even listed it yet and you are already nervous?  Give your PM time to do their job and earn their money.  It it is vacant after 4 weeks and no showings, then you need to look and see what the problem is.  Also, Aug is a good time for rentals.  Nov-Jan are the bad times.  You will be fine