Your apartment buildings should never be more than 95 percent occupied. Why? Because if they’re 100 percent occupied, you might very well be charging rents that are too low. But at 95 percent, you’re getting the maximum level of rents on pretty much the maximum number of units. (Naturally, this logic applies only to properties with lots of units; a three-unit property would not fit into this rule of thumb.)
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Redemption - (no access) - [David_Lindahl]_Multi-Family_Millions_How_Anyone_(b-ok.org).pdf, p34
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