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Vacancy & Credit Loss | Minimizing Loss, Maximizing Occupancy
About this Episode
This is a topic that makes investors very nervous, but we must reckon with it. Kelly gets questioned all the time about how much cash someone should put aside for a rainy day in real estate. The words vacancy and credit loss make their ears sting, so today Kelly talks about exactly how much money someone should put aside for that inevitable situation where a tenant fails to pay rent.
“Do your maintenance, do you cleaning, CLEAN. And please place mats outside your doors, especially in the winter if you’re in North America and in the Spring, when all of that soil and dirt is tracked into the building and property owners just pretend that dirt doesn’t come into the building.” 16:30
- You are entitled to 100% of the financial good along with the bad 2:30
- An example 4:40
- When vacancy and credit loss savings really help 10:00
- Clean your properties 16:25
“Do your maintenance, do you cleaning, CLEAN. And please place mats outside your doors, especially in the winter if you’re in North America and in the Spring, when all of that soil and dirt is tracked into the building and property owners just pretend that dirt doesn’t come into the building.” 16:30
No transcript available for this episode.
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