EGP

Tenant Turnover Cost

Equity Growth Partners

A move-out is the most expensive event in a rental's year, and most of the cost never shows up as a line called turnover. Add it up once, then see what keeping a good tenant one more year is actually worth.

Unit

Share of units that turn over in a year. National average for single-family and small multifamily runs 40 to 50%.

Turnover Costs

Average per turn, even if not every turn needs it.

Often one month's rent for a manager or agent. Enter 0 if you lease it yourself.

Free half-month, waived fee, or similar offered to the new tenant.

Cost of One Turnover

All-In Cost per Turnover
$0
Lost Rent
0
Make-Ready & Fees
0
Time & Concessions
0
Annual Turnover Cost, Portfolio
0

Where the Money Goes

Retention Scenarios Full Report

Unlock the retention table (turnover at 10, 20, and 30 points lower and what it saves per year), the maximum renewal concession worth offering to avoid a turn, the five-year view, and a printable summary for your owners or partners.

Free with your email. We send the report and never spam you.

Lower Turnover, Same Portfolio

Turnover RateTurns per YearAnnual CostSavings5-Year Savings
Max Renewal Concession
0
worth offering to avoid one turn
Turnover in Months of Rent
0
Rent Increase That Pays for a Turn
0
per month, if the increase causes a move-out

Chicago rentals, managed by operators

Breakthrough Realty manages Chicago rentals for landlords and investors, and Equity Growth Partners owns and rehabs its own units through GMPI and Breakthrough Design & Construction. These are the numbers we run on our own portfolio.

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