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Updated over 2 years ago on . Most recent reply

User Stats

30
Posts
12
Votes
Ryan Kenneth
  • Investor
  • Vancouver BC
12
Votes |
30
Posts

How long to reno and turn this unit?

Ryan Kenneth
  • Investor
  • Vancouver BC
Posted

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?

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