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Updated almost 5 years ago,
minimizing Tenant turnover
Apartment complex down the road offers a discount for 15 month leases vs 12 months leases of about $10 per month savings. Is forcing people to stay an extra 3 months a good indicator they will likely live there longer?
Duplex has a 2 bedroom 1bath side and a 1 bedroom 1 bath side. pricing is about $100 to $200 less than similar units located close buy. Longest I have had people stay typically is 2 years, but on average it is almost every year. I only have 4 units and do landlord as a weekend warrior. This "passive income" is costing me weeks of work. This year I need to redo the roofing, few years ago needed new HVAC. These are one week long projects for a one man workforce. I think I will split the back yard with fencing so it is more private for each side.