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you can easily take this into account too, and my calculation did. Assuming your tenant is staying for 2-3 years, you can really only afford to let it set empty
by MAGZine 6y ago
you can easily take this into account too, and my calculation did. Assuming your tenant is staying for 2-3 years, you can really only afford to let it set empty for a few months. Your yearly rent increases are just a couple percent (tenths of pecents a month). Every month it sits empty is 8% of your yearly income for the unit.
- asdff 6y agoThe yearly income isn't what's important to these landlords, it's the real estate value of the property. Loosing out on a full year or more of rental income is the cost of doing business if it keeps the underlying valued high and appreciating.