Chicago Real Estate Forum
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago,
Average Turnover Cost For 2 Unit Southside Chicago Section 8
Greetings BP community,
I recently had my a move-out for section 8 2 unit (only one unit moved a 4 bedroom first floor unit with finished basement) on the southside of Chicago and wanted to see if the turn costs sounded reasonable. My PM, who I think uses an outside contractor to do turns. estimated it would cost $2K for just typical move-out work (the tenant seems to have left it in decent condition). This is before then normal lease up costs. I thought it might be a little high with total cost coming in around $3k I assume once lease-up is included.
The estimate included:
Complete paint
Some Ceiling work to fix patch items
Minor Drywall repairs
Blinds
Locks replacement
Complete Clean top to bottom