The $1,000/month is a gross number and doesn't include Insurance, vacancy, maintenance, or any other expenses. 

During May, net absorption totaled 52 units, while there was no new development; the net effect of absorption and construction dynamics caused the vacancy rate to remain unchanged.

We did have one property where a tenant had lost their job where we had about a 2.5 month vacancy to get them out, repair and release, but that is performing well now. 

Can’t be vacancy.

Solid areas that appreciate and see annual rent increases with multiple applicants for each vacancy. 

The average vacancy rate in Austin, TX is currently hovering around 15%.

What ended up happening is that I would wait until Tenant 1 moved out, spend a week cleaning up the unit, put it up for lease, show it when I had time, and if I was lucky I'd only have a month of vacancy.

By doing it this way I am able to limit my vacancy to just a couple of days.Good luck!

Streeteasy allows NYC agents & landlords to advertise "no fee" rentals which many like to take advantage of to receive more inquiries, applications, and fill vacancies sooner.Right now, Streeteasy has 4,567 Brooklyn rentals listed and 3,196 are marketed as "no fee".In addition to this, section 8, cityfheps, and other rental assistance programs usually pay the broker fee instead of the landlord or tenant paying.Hope this helps!

This might be mandatory in order to stay competitive and keep vacancy rates low throughout the season.