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What would a turnover cost you?

Enter today's rent and the rent you're planning to ask for. We'll show what it costs if the resident moves out instead, and how long the increase would take to make that money back.

1

Current rent

2

Proposed rent

What a turnover includes

  • Rent you lose while the home sits empty. No rent comes in while it's made ready, marketed and leased again.
  • Getting the home ready. Cleaning, paint, repairs and the rest of the turnover work.
  • Marketing and leasing. Advertising, showings, screening and signing the next resident.
Sometimes the best increase isn't an increase at all.

A resident who pays on time and takes care of the home is worth a lot. A small increase, or none, often earns more over the next few years than a bigger number that sends them looking for a new place.

Need a more accurate, customizable calculator? Send us a few details and we'll send you our detailed calculator for free.

The rental (optional)

Or call, and Tom can send it to you.Talk to Tom

Small upgrades that keep good residents

A renewal doesn't have to be only about the rent. A small, one-time upgrade can make a rent increase feel fair and give a good resident a reason to stay. It usually costs far less than a turnover.

A ceiling fanCooler summers and a lower power bill for the resident.
A couple of new blindsFresh window coverings in the rooms they use most.
Professional carpet cleaningOne of the simplest ways to keep a resident happy with a new rate.
Whatever they'd valueA new shower head, an updated light fixture, a fresh coat of paint in one room.
Make it a conversation. Before you send the renewal, ask the resident whether there's a reasonable upgrade they'd like. They know the home better than anyone, and being asked goes a long way. Keep it to true extras: repairs the home already needs aren't upgrades, and they're due either way.
Background and sources

Most renters move within a few years. In 2022, about 25% of U.S. renters had lived in their home a year or less, and about 42% had lived there one to four years (Redfin analysis of U.S. Census Bureau data).

Professional investors set aside part of every year's rent for vacancy and for maintenance, because both are certain over time even when they're not visible this month. The right amount depends on the neighborhood, the home's age and its condition.

This calculator is an estimate, not a guarantee. Your actual costs depend on the home, the market and how long it sits empty.

Sources: Redfin, "Renters are staying in their homes longer" (2024), using U.S. Census Bureau American Community Survey data.