I find that not all students leave over Christmas.
Often the students that do, return. Normally I keep rooms for them for one month. If they want to stay longer overseas and want a room they must pay before they go. I also keep their bond and one weeks rent in advance. Overall I would allow a vacancy rate of about one month per tenant per year to…[Read more]

Hi,
Thank you for all the replies so far. Your information has been valuable. Although we are not new to realestate development we certainly do not know it all. I think it is great to have a forum like this.
Cheers for now,
John