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189: House Hacking: How to Live for Free and Build Wealth in The Background

Real Estate Rookie

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What's the Average Vacancy?

Vacancy, i used to struggle with when i first got started, but i found the best way to find this figure is just to call some property management companies and ask. So usually do between five to ten % for all of these, depending on the age of the property and what um it's at. If you're going to self manage, plan to have a management fee built in in case there's a point where you move out and you don't want to manage the property any more. Even if you still want to live there and you don’t want to be the manager, make sure that the numbers work out so if that does come up, you already have it

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