A good ballpark is $1,000–$2,500 per unit, but this depends heavily on how extensive the turnover is and whether you’re self-managing or hiring contractors.If you’re looking for more precision, connecting with local property managers or contractors can provide insight into typical costs for properties like yours in the area.

Purchase price: $55,000 Cash invested: $440,000 Currently under construction and pre-leased for $6,195/month, this 7-bedroom, 5-bathroom student rental in Clemson, SC, was built using investor cash and designed for high-end student living.

I understand the pain points you face as an owner.With the national PMI brand’s technology and my local expertise, I take the stress out of property management—protecting your assets, optimizing cash flow, and handling everything from tenant screening to maintenance.Please visit my website at PMITwoRivers.com

Purchase price: $3,000,000 Cash invested: $6,000,000 Sale price: $25,000,000 Ground Up development project due to be completed Q3 2025 What made you interested in investing in this type of deal?

My suggestion would be to cap your utilities at a certain amount and have Tenants pay anything over that amount.That will help you manage your expenses, and also allow Tenants to gage their usage each month, and make adjustments if they don't want to go over the allotted amount.As far as collection, provide the bill showing any overages and just have them pay for it along with their rent. 

Our cash-flow has dissipated to zero, and it took 4 years.

An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provide support for the property tax appeals process.

While cash flow is always a plus, I prioritize long-term appreciation as a key factor in building lasting wealth.I’ve noticed that many investors focus solely on cash flow without considering long-term wealth creation.

A cash-flowing, large lot, alley loaded duplex that needed a new roof, painted and new floors.

Purchase price: $325,000 Cash invested: $2,485 Sale price: $335,000 Low upfront cost due to creative financing.