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Updated over 8 years ago,
What are industry standard vacancy periods and leasing fees?
I was informed by my property manager that the standard time to find a new tenant would be 45 to 60 days. This seemed very long to me, so I wanted to see what other peoples' experiences have been. How long does it typically take you to fill a vacant property? Does your property manager do the leasing, or do you use a different leasing company? How much do you pay for leasing?
For context, most of my properties are in Dallas (Uptown/Oak lawn). Also have some in San Antonio. These are 1 bedroom condos. I hire full-service property managers who do everything from maintenance to leasing.
Thankful for any insight you can provide.
Kevin