Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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 6 years ago on . Most recent reply

User Stats

3
Posts
2
Votes
Jesse Shapiro
2
Votes |
3
Posts

Typical Duration for PM to Turn a Property?

Jesse Shapiro
Posted

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

User Stats

42,811
Posts
63,112
Votes
Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
63,112
Votes |
42,811
Posts
Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied

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 ..

business profile image
JLH Capital Partners

Loading replies...