Updated over 3 years ago on . Most recent reply
How long to reno and turn this unit?
So we recently had a tenant leave and the unit needed just about an all new bathroom as well as an entire unit paint (ceiling, walls, trim and patching drywall) and a number of smaller fix ups. In total about 10k of work.
Timeline:
-6 days after tenant moved out our PM only then informed me the unit was vacant. (Yes, I've informed them to tell me sooner next time)
-PM gave me the renovation quote on day 14
-PM completes work on day 28. Listed for rent on day 32. Rented on day 49.
The unit was vacant for 2 months in total.
For those that have owned multi-family longer than I have. Is this an acceptable time frame or would you push the PM harder to have the unit renovated and filled in 1 month?