Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago, 07/31/2021

User Stats

1,509
Posts
994
Votes
Patrick Britton
  • Ann Arbor, MI
994
Votes |
1,509
Posts

Annual turnovers destroy all net income

Patrick Britton
  • Ann Arbor, MI
Posted

I own a number of rentals in south Chicago. We've had some pretty high expenses each time a tenant moves out, such that the turnover costs can eat up all of the net income from the previous year.

I don't believe it is the property manager, but rather the tenants and perhaps the age of the properties too. I am now seriously considering selling everything and buying somewhere else.

The question is, where in the country are new builds/new construction selling for under 150k/SFR? Anyone have any locales they are willing to share? Right now Allen Park, MI is on my radar.

Thanks

Loading replies...