Sentences with phrase «extended vacancy»

You'll want to maintain as few appliances as possible, but not at the expense of extended vacancy.
If you charge too much, you might be stuck with extended vacancies; if you charge too little, you run the risk of having an investment that isn't profitable.
Raising the rent too high (above market rent) can mean extended vacancies, leaving you to cover the mortgage on an empty apartment for several months.
Evictions, property damage, tenant turnover, and extended vacancy periods are all potential hazards for the property - owning landlord.
Extended vacancies cost companies an average of more than $ 800,000 annually, according to 2017 CareerBuilder research.
- Vacancies, even extended vacancies (you still have to pay the bank each month even when your unit is vacant).
This may mean a loss of income due to periods of extended vacancy or extra costs associated with tenants (non-payment of rent, damage to property, etc.).
If there is an extended vacancy or extensive repairs needed, what is safer: A) 30 % equity and $ 13k in emergency fund or B) 40 % equity and $ 3k emergency fund?
Another pitfall is not having enough in cash reserves to carry the property through an extended vacancy or recovery from the tenant who stiffs you for rent while trashing the property.
The fund exists to cover the occasional bad tenant or extended vacancy, and to keep up with the general maintenance of the home — in case, for example, a water heater breaks and you suddenly need $ 1,800 to replace it.
Properties may have an extended vacancy due to a difficult economic environment, setting the rent price too high, being located in an undesirable area, poor property condition, and poor advertising, among other reasons.
Extended vacancies are expensive for landlords.
Not only will you have less debt on your plate, but you also won't have to worry as much about an extended vacancy or problems with a tenant.
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