when finding a property what is the highest vacancy rate you would take the risk in when investing for the purpose of renting
if you found a property say with a 5% vacancy rate would u aviod it, or is this still low?
Neologism,
For buy and holds, there are ways to reduce vacancy in your own properties that many landlord’s don’t consider doing.
While vacancy should be a minor consideration for b+h properties I personally would prefer to focus on cashflow because I know there are ways – both on the property side (eg. improvements) and on the tenant side (eg. free movie tickets, incentives to take out long tenancies, better tenant screening, etc) to easily reduce vacancy.
Note: If you are doing wraps then ongoing vacancy wouldn’t be a problem at all.
-Nick
“Be courageous enough to act immediately…do not be afraid to Dare” – Mark Fisher
The topic ‘vacancy rates??’ is closed to new replies.
