How long should a rehab take?

[Kenneth Hawkins, Jr.]

I have a deal where the numbers work and I was just wondering on a 1500 sqft 3/2 rehab, what is the average time it takes to rehab it ? Also what is the average time it takes a good management company to find a renter? I know it all varies on several different things but I was just wondering, since most calculators for rentals don't include holding cost.

[Kenneth Garrett]

Hi Kenneth,

The length of a rehab varies quite a bit depending on what your project consist of.  The more extensive the rehab, the longer it will take.  Based on your question, this is a buy and hold project and typically will vary from 3 - 8 weeks.  The variance depends on the complexity of the project and finding the right contractor.  My rehab in general are kitchen and bath rehabs, paint, flooring, etc.  A bad contractor will cost you time which is money.

I manage my own properties.  I utilize the Zillow Rental Manager (its free) to advertise my rentals and it usually takes less then 2-3 weeks to find a renter including screening them.  My last unit took 2 weeks to find the right tenant and screen them.      

Hope this helps.