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Updated over 8 years ago,
Average length of renter?
I have only posted a few times as I am hoping to start purchasing rentals soon. For those of you that have had rentals for several years, maybe even a decade or more, I know there is not a exact number for this, but what is would you say is your average time a renter rents from you? I know you may have someone for years but also may turn a unit over 4 times in a year. I am debating between a college town rental and a non college town, with a college rental i know for the most part I will need find new renters on a yearly basis, but I am wondering if that if much different than a normal rental. Houses I am looking at would be mid to lower end. nothing high level for sure due to my budget. Duplexes with a rental in the 5-7 hundred dollar range.
thanks for any input on this.