Tenant Turnover Cost
Calculator
Results
- Rent lost while vacant
- 1,400
- Total turnover cost
- 3,250
- Turnover cost (months of rent)
- 2.321428
Property management results
| Rent lost while vacant | 1,400 |
| Total turnover cost | 3,250 |
| Turnover cost (months of rent) | 2.321428 |
formula-map diagram
- Rent lost while vacant
- 1,400
- Total turnover cost
- 3,250
- Turnover cost (months of rent)
- 2.321428
Property management relationship
Formula
Turnover cost = lost rent + make-ready + marketing + leasing commission= 1400
Note
This is a simplified model: it applies the standard property-management definition to the numbers you entered. Rent affordability uses a flat share-of-income rule and ignores credit history, local screening criteria and household size. Proration assumes a plain daily rate; your lease or local law may prescribe a different convention (for example a fixed 30-day month). Security-deposit interest is simple interest at the rate you enter, while many jurisdictions set the rate, the compounding and the payout schedule by statute. Income, expense, reserve and escalation figures are straight-line and assume the amounts you enter hold steady; they ignore taxes, depreciation, financing changes, capital events, inflation and market turnover. Lease buyout compares the contractual penalty with the remaining rent only and is not a reading of your lease. These results are general information, not legal, tax or investment advice: check your lease and local tenancy law and consult a qualified professional before acting.
More in Property management
See all →Frequently asked questions
What costs does tenant turnover cost typically include?+
It typically bundles vacancy loss (rent not collected while the unit is empty), cleaning and repainting, minor repairs, advertising and showing costs, tenant screening fees, and leasing commissions if an agent is used — essentially everything spent between one tenant leaving and the next one paying rent.
Why is turnover cost often estimated at 'one month's rent or more'?+
That figure is a common rule-of-thumb combining a typical vacancy period (often several weeks) with the direct costs of preparing and re-leasing the unit; actual costs vary a lot by market and property condition, so it's a starting benchmark rather than a precise universal number.
Does this include the cost of a lower rent if the new tenant pays less?+
Not unless explicitly added — a full accounting of turnover cost should ideally include any rent reduction needed to re-lease quickly in a softer market, since that's a real (if less visible) cost of turnover beyond the one-time expenses.
How does tenant turnover cost relate to vacancy rate?+
Frequent tenant turnover directly drives up a property's vacancy rate, since each turnover typically involves at least some downtime between tenants — reducing turnover frequency (through tenant retention efforts) is one of the most effective ways to improve overall occupancy and profitability.
Is a longer lease term a way to reduce turnover cost?+
Generally yes — encouraging longer lease terms (or renewal incentives) reduces how often turnover costs are incurred per year, spreading the fixed costs of re-leasing over more months of steady rent, which is why many landlords offer modest concessions to retain a good tenant rather than seek a new one.