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Updated about 3 years ago,
$12,000 Turnover!! Is this normal for less than 3 year tenant.
Hello,
I'm a new investor with one unit in Indianapolis, IN. I'm an out of state landlord with a property management company taking care of the house. The tenants recently moved out and the property management company sent a quote from their vendor with the list of repairs totaling $12,000. This is a 3 bed 1 bath house that is 1128 sqft. The repair work consists of drywall repair, painting the whole inside of the house, replacing flooring with LVP in 3/4 of the house, a few other minor repairs.
Is this a normal turnover price tag for a 3 year tenant?
Is my PM company and their vendor gouging me?