What’s your average turn cost for your Class C rentals?

[Sean McKee]

Hello BiggerPockets!

I am curious to know what everyone is spending on turn cost for their  Class C rentals on average?  

This tenant base overall can be fairly rough. I’ve gone way better at tenant proofing stuff to reduce my overall cost.

I got a pretty rough tenant that was only there for a year. I didn’t renew the lease. 

  We luckily had a security deposit . I consider myself fairly lucky.  Our out-of-pocket cost was around $1600 to fix all of the “normal wear and tear” items. This was only a 1 bedroom apartment.

Let me know what the norm is for you!

[Nathan Gesner]

Quote from @Carlos M.:

@Nathan Gesner

That’s fantastic! How do you keep your cost so low ?

Strong policies and procedures. 

If you screen well, you'll get higher-quality renters that perform better. It also helps to have a strong lease that is easily understandable, and be quick to enforce violations. Communication is also important.

Our tenants see us performing professionally, so they are less likely to screw around. If they see you don't really know what you're doing, they are more likely to test the boundaries.