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Updated almost 3 years ago,
Accounting for turnover costs
I know some people have probably done a lot of turnovers in their careers. I'm just curious. Does your deposit typically cover the entire turnover? I'm wondering because if it doesn't, that would take a chunk out of your cash flow. For example, if you have a 1000 dollar deposit, but the turnover costs 2000, you'd have to factor the extra $1000 in maintenance or vacancy expenses correct?