Lesser of the two evils..

[NA Jones]

Alright landlords, in your professional opinion.

Which would you rather deal with - longer vacancy periods or higher tenant turnover?  

By that I mean - Property A sits vacant for 6-9 months, then gets a tenant for 3 years.  Property B turns over a new tenant every year, but only has 1 month vacancy in between. Assuming that the numbers work out the same (cost of vacancy equals the exact cost of turnover) which would you rather have sitting on your hands?