Podcast 105: How Multi-Family Landlords Should Handle Tenant Turnover
When a tenant moves out, every landlord faces the same question: should you renovate, or keep it simple?
Let's talk about the Golden Rule of Multi-Family Investing, how to decide if a renovation actually makes sense after tenant turnover. We’ll cover:
- Turnover is your chance to reset rent, but how much should you budget?
- The rule of thumb for renovation ROI
- Smart upgrades that attract better tenants and boost building value
This isn’t about flipping a kitchen for HGTV, it’s about making strategic choices that protect your cash flow and grow your property’s worth.
If you’re a multi-family investor in Toronto (attention all you CMHC MLI Select borrowers) with multiple units in the same building, this is my framework for making that "go" or "no go" renovation decision.
Watch this podcast on YouTube:
https://youtu.be/c0VrRCgLI5E
Schedule a 15-minute Zoom call with Ken:
https://www.broadviewavenue.ca/appointments
Download our guides here: How to Ask Your Parents For Help:
https://www.broadviewavenue.ca/family-support-for-fthb
The Toronto Professional's Guide to Real Estate Investing:
https://www.broadviewavenue.ca/guide-download
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