The high vacancy rates in apartment properties in Memphis may be due to economic fluctuations and demographic shifts; however, they create a favorable environment for potential renters to find affordable housing and for rental owners to innovate and improve their offerings, ultimately contributing to a more dynamic and resilient housing market.

With their lease renewal coming up we'd like to include a flat rate for their Water Sewage and Garbage (WSG) portion of the utilities.

Hi Marc,I target anyone looking for a stay between 30-6 months depending on the location (I have some in FL and CO that I do MTR in).

I have seen some units be repaired for very cheap depending on the problem.

But that is just with our occupancy rate, posted rules and extra fine for breaking said rules (spilling drinks, food, dirt, etc.).But only you will know how often it needs to be done.

@Sylvester Hardison, I am going to echo other's thoughts, but it also depends on what your current education level is and where you feel your weaknesses are.Within the multifamily space, for instance, there are a lot of groups out there.  

However, depending on the economic climate deals might look differently.

FHA is 3.5% down but anything over a 2 unit requires a cash flow test, with rates where they are I hardly ever see anything in Chicago that would work. 

Make it part of the rental nightly rate.

Implementing risk mitigation measures like fire-resistant materials, updated electrical systems, and security systems can help negotiate better rates.