Time is money. Why hold out and continuously interview potential tenants, when m...

chillacy · on Dec 28, 2020

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 · on Dec 28, 2020

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 · on Dec 28, 2020

...and that is if you are only dealing with a single vacant property.

kevin_thibedeau · on Dec 28, 2020

Unless the property is used for money laundering and it's fine to let it sit vacant for years.