turnover typically refers to the period when one tenant moves out, and then the property is vacant until another tenant moves in. No rent can be collected during this vacancy period, but other bills and costs associated with the property will still need to be paid.
tenant turnover is when the current tenants move out and the rental property is prepared for brand new occupants. There are three big components to this process: the move-out, getting the property rent-ready and marketing it, and leasing the property to new tenants. Turnover is something all property investors deal with, and if not handled properly, it can really eat into your bottom line.
turnover can be the biggest operating expense
we minimize turnover – creating a positive customer experience for your residents