What to Expect During a Tenant Turnover |
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Julie wants to know what a tenant turnover involves and how much it typically costs.
โAsk me a 30-second question at https://morrisinvest.com/clayton ๐ Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com ๐บ Watch Next: How to Create Your Personalized Path to Financial Freedom: https://bit.ly/392kAsB ๐ What's Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: https://morrisinvest.com/freedom ๐ต Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: https://morrisinvest.com/bootcamp ๐ Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: https://financialfreedomacademy.com ๐จ๐ปโ๐ป Sign Up for My Webinar: https://morrisinvest.com/webinar ----------------- How a Tenant Turnover Works on a Rental Property A tenant turnover is an inevitable and sometimes costly part of being a landlord. When your tenant is ready to move out, youโll need to prepare the property for the next tenant. This typically includes cleaning, painting, repairs, and replacing carpet. There are a couple ways to mitigate the costs of a tenant turnover. First, you want to make sure that youโre investing in the right markets. This ensures 1) that your tenants will hopefully stay put for a few years and 2) that youโre getting. a high quality tenant who wonโt destroy the property. Other than that, just know that a tenant turnover is part of the business and doing these repairs is keeping your property in good condition and supplying a great home for your next tenant. ----------------- DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals. |