#222: Learn how to reduce vacancy and turnover cost in your property.
Nationally, the rental vacancy rate is between 7% and 8%.
If you increase occupancy from 90% up to 94%, that’s just 4%. But this could boost your CASH FLOW 20%.
Increase occupancy by avoiding properties with functional obsolescence.
Avoid high turnover cost by owning 1,500 sf single-family homes, not 2,800 sf homes.
Learn more about investing in northwest Indiana’s 1% rent-to-value ratio turnkey property at www.GetRichEducation.com/Chicago
Learn how to fit the property to the tenant.
Find the best questions to ask both turnkey sellers and property managers.
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1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book
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Listen to this week’s show and learn:
02:52 How to find area vacancy rates.
04:01 How to reduce vacancy with your lease agreement.
05:18 Importance of occupancy.
09:45 How to start right.
10:50 Avoiding functional obsolescence.
13:42 Avoiding larger SFHs.
18:18 Remodeling trends.
20:45 Handling late rent payments.
22:30 Tenant-property fit.
26:22 Best questions to ask a turnkey seller.
28:56 How to interview a Property Manager.
35:16 Geographic arbitrage in northwest Indiana, “Chicagoland”.
Connect with provider: GetRichEducation.com/Chicago
Mortgage Loans: RidgeLendingGroup.com
Cash Flow Banking: ProducersWealth.com
Turnkey RE: NoradaRealEstate.com
Find Properties: GREturnkey.com