In this scenario, the house hacking was only meant to explain the slightly
lower vacancy expense than would be expected.
And through proper tenant screening, quarterly inspections, providing a superior product in a «good» area where people actually want to live, and tenant's knowing their voucher is in jeopardy if they damage my property or create conflict - I have little to no problems from my Section 8 tenants who hardly ever move, creating
low vacancy expense for me.
Not exact matches
Living with roommates is no longer just for college students, many people are choosing to live together to control
expenses especially in areas where the rents are high and
vacancies low.
While are margins are slimmer we are able to self manage saving the management fees, have fewer
vacancy costs AND our
expenses are
lower.
My
expenses are typically not that high and I do have a
low vacancy but if I can make a deal cash flow with those numbers I feel very comfortable.
The key here is how much more the
lower end properties will cost you in repair,
vacancy, turnover, and rent - ready
expenses.
These are properties with strong rental returns,
low vacancy rates,
low occupancy
expenses.
While they'll charge a nominal fee for their services, the
expenses are almost always covered as a result of
lower vacancy and turnover rates.