Apartment Turnover Cost Calculator
Calculator Developed by
and
Assumptions
Average
Average rent
Average vacancy loss days
Average concessions
Maintenance tech average hourly
Maintenance tech average hours to turn a unit
Leasing agent average hourly
Leasing agent average hours to show and rent a unit
Calculations:
Vacancy loss
1,263
Concessions
772
Leasing staff time/cost
170
Marketing/advertising cost/rental (guides, newspaper, Internet listing services, other advertising and marketing costs)
Resident referral fee / locator fee
Leasing Commission
Carpet cleaning or replacement cost
Painting cost
Appliance repairs or replacement cost
Miscellaneous maintenance costs (parts, etc)
Maintenance staff time/cost
165
Apartment clean
Total Apartment Turnover Costs
$4,047
Source: SatisFacts Research (
www.SatisFacts.com
)
and 
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