How long to reno and turn this unit?

Question

So we recently had a tenant leave and the unit needed just about an all new bathroom as well as an entire unit paint (ceiling, walls, trim and patching drywall) and a number of smaller fix ups. In total about 10k of work.

Timeline:

-6 days after tenant moved out our PM only then informed me the unit was vacant. (Yes, I've informed them to tell me sooner next time)

-PM gave me the renovation quote on day 14

-PM completes work on day 28. Listed for rent on day 32. Rented on day 49.

The unit was vacant for 2 months in total.

For those that have owned multi-family longer than I have. Is this an acceptable time frame or would you push the PM harder to have the unit renovated and filled in 1 month?

Theresa Harris · Answer

Problem is the PM has many units and therefore yours isn't a priority.  Aside from them not letting you know it was becoming vacant, that seems like a pretty good timeline. They would have had to line up trades to do the work and wait for them to be available.

I'm not sure why management companies sometimes have have delays letting owners know units are being vacated.  I just had that two one of mine. I got asked about lease renewals, one renewed, one didn't. I had to follow up on both to see if they did renew.  Then with the one that didn't, I called the office after not seeing it listed for rent on their site at the beginning of the month. Normally they are good, but they dropped the ball this time.  Not sure if it is just the current state of the world or what.