Vacancy money question

[Connor Steck]

I have not bought a property’s yet but in about a year I wanna be able to pick something up. I am wondering about vacancy as it pertains to paying for it. I’m in Utah and I’m first wondering how long it would take to get tenants for a multi family?

I was thinking and wondering if it takes too long what do you do to pay the rent if nobody is living there?

[Michael Metzger]

@Connor Steck I wouldn’t worry about vacancy too much. First, the tax benefits of a vacancy can actually add to your income- as counter intuitive as that seems. Second, it depends on location. Location is everything when finding a good rental. I also own a rental in Utah, and if it is in a desirable neighborhood, near good schools, near employment, etc, you should be alright for renting. You could also convert it into a short-term rental if long-term renting vacancy continues on too long for your comfort.