Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago,

User Stats

367
Posts
189
Votes
Jeff G.
Pro Member
  • Investor
  • Wethersfield, CT
189
Votes |
367
Posts

Tips on Keeping 1 Bedroom Units Occupied and Reducing Turnover?

Jeff G.
Pro Member
  • Investor
  • Wethersfield, CT
Posted

I have my eyes on some smaller multifamily units. With residential 3/4 unit complexes it's not hard to find properties that all have 2+ bedrooms. The problem is for the small apartment complexes, say a 10-12 units, are often have a large number of 1 bedroom units with perhaps a token number of 2 bedroom units. 

I'm really reticent to pick up a property that has more than an incidental 1 bedroom here or there. My perception is that this tenant pool is simply the lowest tier of whatever market the complex happens to be in. I expect turnover to be high no matter what I do. I'm open to the possibility I might be wrong though.

What are some good options to find and keep good quality tenants in 1 bedroom units in most markets? 

I have heard some landlords say that as part of their eviction procedure they keep a packet full of contact information for private / government programs that help tenants meet their rental needs during short periods of financial difficulty. For those of you who use this strategy as a stop-gap to keep turnover low, what what organizations are you normally putting tenants in contact with? How helpful is this approach with retention?

  • Jeff G.
  • Loading replies...