Finance category
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Tenant Turnover Ready Date Calculator
Fast turns drop vacancy loss.
Total ready days
8
Vacancy cost
$520
Daily vacancy cost
$65
How the math works
Total = inspect + schedule + work + final. Cost = days × daily rent.
1 + 2 + 4 + 1 = 8 days. × $65 = $520 vacancy cost per turn. Targeting 5 days saves $195 per turn.
How to Use
- Enter days to inspect.
- Enter days to schedule contractor.
- Enter days to make-ready work.
- Enter days to final inspection.
- Enter daily rent.
- Read total days and cost.
Frequently Asked Questions
Typical turnaround?
Normal wear: 3-5 days (paint, clean, minor fixes). Moderate wear: 7-10 days. Heavy wear: 14-21 days. Damage turns: 21-45 days. Best-in-class operators average 5-7 days normal turns; portfolio average often 10-14.
Speed drivers?
Scheduled contractors (paint, clean, fix-it). Pre-ordered material (carpet, appliances). Quick-turn crews. Same-day inspections. Standardized scopes. Tech tools (photo inspection apps, digital work orders). Each day saved adds 0.3% annual occupancy on 5-year avg tenancy.
Economics?
Unit at $1,800/mo vacant 14 days = $840 lost. Turning in 7 days = $420 loss. 50% savings. On 400-unit portfolio with 30% turn rate (120 turns/yr), 7-day reduction = ~$100k annual. Scales with portfolio size.
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