Hi BP family! I'm in the learning and savings phase and would like to purchase our first BRRRR property late next year. I'm curious, what is the typical vacancy period in Hampton Roads between tenants? Hopefully no more than one month at a time...
I'd be interested to know what other vacancy periods look like in other areas.
Hi @Lyne Swimpson ,
Even though your post is 7 months old and you probably already found an answer, here's an interesting website that has lots of stats regarding vacancy rates but not vacancy periods. https://ipropertymanagement.co... I think that vacancy periods are more dependent on certain factors relative to the property and location. It depends on these factors and how much you advertise to find your tenants. There are many good property management companies in the area that can do it all for you too. The best thing you can do is do your due diligence upfront and find a quality tenant the first time. Hope this helps a little. Best of luck to you.
Thanks @Jim Blatchley! That was helpful