3 ms·

Time is money. Why hold out and continuously interview potential tenants, when multiple people are literally asking you to take their money? Cash today is bet

• chillacy 6y ago
  Yes this: in real estate investing this is called the vacancy rate and it eats into profits, sometimes significantly. Too much vacancy and you can’t cover the mortgage.
  • kosievdmerwe 6y ago
    Divide a month's rent into 12 and you see it's a 100-200 dollars, which highlights how much you'd have to raise rent for a month's vacancy.
    • daniellarusso 6y ago
      ...and that is if you are only dealing with a single vacant property.
  • kevin_thibedeau 6y ago
    Unless the property is used for money laundering and it's fine to let it sit vacant for years.