Updated almost 5 years ago on .
Potential Rooming house deal
I have a opportunity on a potential rooming house deal in Baltimore.
This is a 8 room house with avg rents of 550 which is $4400/month. The current owners say the rooms turn on avg 1.5 times per year with min damage to units since they are furnished. Current mgmt charges 10% plus $300 to place new tenants. I am struggling with how to plan for the potential vacancies. I am curious what vacancy factor others with Rooming houses have experienced.
thx