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Rental Turnover

1,415 Views | 5 Replies | Last: 2 mo ago by Red Pear Realty
maroonpivo
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AG
Those that have rental properties, what is your average turnover for new tenants? We've had our Rice Military townhome rental for 8 years now and averaging 2 years for tenants.
Sea Speed
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AG
Accidentally edited this post.

Only turnaround I have had was about 4 days. Hoping similar for next one next summer. Might be harder because of things that will need to be done due to kids and 3 year lease.
Red Pear Realty
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AG
Two years is about average for my houses in Rice Military and the Heights. We try to turn our units in around 3 days and I've never had more than a week between tenants in the 16 years I've been a landlord.
Sponsor Message: We Split Commissions. Full Service Agents in Austin, Bryan-College Station, Dallas-Fort Worth, Houston and San Antonio. Red Pear Realty
maroonpivo
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AG
3 days is impressive- do you show the homes when the current tenant is still in?
Red Pear Realty
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AG
Yes sir. Require that the tenant have the home professionally cleaned upon move out it will make your turnover process go much more smoothly. And it needs to be a "move out" cleaning where they get the windows, trim, oven, fridge, etc. If there is carpet at the house, I pay to have that shampooed between tenants.
Sponsor Message: We Split Commissions. Full Service Agents in Austin, Bryan-College Station, Dallas-Fort Worth, Houston and San Antonio. Red Pear Realty
Red Pear Realty
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I will add this. Most landlords are only concerned about their gross rent amount because of pride. They just want to brag about how much they got for rent. But the real money is made in minimizing your downtime between tenants. Vacant real estate sucks.
Sponsor Message: We Split Commissions. Full Service Agents in Austin, Bryan-College Station, Dallas-Fort Worth, Houston and San Antonio. Red Pear Realty
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