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Updated over 6 years ago on . Most recent reply
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Typical Duration for PM to Turn a Property?
I’ve owned an out of state rental for 18 months and I’m just now going through my first tenant turn with the property manager. It’s been two weeks since the last lease ended and all they have accomplished is sending an inspector out to do a lease end inspection report. They only respond to about 1 in every 4 of my calls or emails. They haven’t provided any update on when recommended maintenance will be complete or projected cost of services, and have done nothing to market the property yet. Am I just being a newby impatient landlord, or should I start thinking about finding a new PM?
Most Popular Reply
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- Lender
- Lake Oswego OR Summerlin, NV
- 63,112
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the deposit belongs to the tenant not you.. so that is something you should not have worried about.. you could have paid 500.. been released on an on you go.
this is why in rentals 1 month vacancy is a true number most of the times. if some are getting turn overs in 2 weeks that beats industry norms..
and then you will have usually 1 month lease fee etc.. plus your turn over costs.
so on average every 18 months you deduct 2 months of income ( rent ) and usually 500 to 2000 for a make ready ..
- Jay Hinrichs
- Podcast Guest on Show #222
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