Vacancy rate: This term denotes the percentage of a year that a property will sit empty. It is a very important calculation to include in your numbers when you buy a rental property, but it is also an “average” number that you should consider when determining the best location in which to purchase a rental property.
View the full article: 3 Ways to Find Out an Area’s Average Vacancy Rate on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
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