Figure a few grand to paint rooms, replace carpet in a room, deep clean and spruce the property, replace a fixture or two, etc.If you have to replace your resident annually the $9600 total income will get a gut punch.The true value of the higher-end neighborhoods is residents know if they move out of the home they have it's a challenge to find another, especially if they have been there a few years and have a competitively rewarding rent rate.All this really is is basic economics...sell ten custom widgets for $1000 or 100 standard widgets for $100 each.

We have been in the Smokies a long time, and many guest accidents, some of them life threatening over the years, could have been avoided with an annual risk management walk-thru:- Loose or rotting steps- Nails poking up through deck boards- Stinging insect hives or infestations- Ceiling fans that are barely hanging on- Loose deck, stair, and landing railings- And oh, about a hundred other things!

@James Conaway, in our area, from what I understand, section 8 requires an annual inspection of the property. 

I owe like 30x my annual salary.

Side note: you should have been raising his rent bi-annually at least, as your costs have increased! 

@Corben Briggs Alan Wolf - WolfReel Visuals for photos.

I recommend you do this annually to adjust for utility increases and other variables.

Hello everyone,I'm 18 years old and with  average FICO score 715, I have a 5-10 percent down payment, with only 6 months of full-time employment (annual income 52k) and 1 year of part-time work history (annual income 20k).

My initial reaction is that if you total costs are $283k and the length of the project is ~9 months or so, you annualized return is about 14% - which I would classify is "good, but not great".

This is does no good by crying wolf in a locked room.