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Cost per Turn
The cost attributed to one rental-unit turnover, with the included spending and lost-rent categories identified.
Cost per turn measures the cost of a rental-unit turnover. A broad turnover-cost measure can include cleaning, repairs, marketing, administrative work, and rent lost while the unit is vacant.
A make-ready spending report may cover fewer items. State the cost categories and keep the same scope when comparing turns or calculating an average across units.
Source: Buildium, The Hidden Cost of Turnover, Cost per Turn.
Frequently Asked Questions
Does cost per turn always include lost rent?
No. A broad turnover-cost measure can include lost rent, while a make-ready spending report may exclude it. Label the scope.
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