Apartment turnover

Apartment turnover is triggered from the moment a tenant moves out until the next tenant moves in.  This expense is two-fold: the loss of revenue while the unit is vacant and the cost of getting the unit rent ready.

For example: if an apartment rents for $900 per month, the rent per day is $30.  If it takes seven days until the next tenant can move in, then you have lost $210 in rent plus the cost spent on paint and repairs.

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