Updated over 2 years ago on . Most recent reply
Frequency of turnover costs
As a multifamily property investor I should get used to spending some amount of money on every turnover process
Most Popular Reply
Agree. Or could be that the renewal rent is way too high. We always recommend a smaller rent increase than market rent for good paying tenants in order to incentivize them to stay. The turnover costs will wipe out profit and be tough to recoup if you're doing it every year



