Rehabilitations have an enormous impact on the value and earning potential of a property. They are an opportunity for investors to analyze the market, plan for their futures, and creatively improve their property to stand out from the competition. Some investors are wary of rehabilitations due to their upfront costs; what separates a good investor from a great one is the ability to know when a rehabilitation will work.

The turnover estimate is a roadmap for returning a property to move-in-ready status. A good turnover estimate outlines the time and effort it will take to repair, clean, and relist a property before it can be rented again.

When a tenant leaves a property, investors must ask an important question: “how long until another tenant can move in?” The move-out inspection helps determine the answer.