Owners sometimes hold out for the top rent and leave a unit empty for weeks. The math usually favors filling it.
Count the full cost
- The rent not collected.
- Utilities, lawn and pool service the owner now pays.
- Turnover costs: cleaning, paint, repairs, advertising.
Compare the options
A home that rents for $2,000 and sits empty one extra month loses $2,000. Lowering the rent $50 to fill it a month sooner costs $600 over a year. The lower rent comes out $1,400 ahead.
Shorten the gap
Start showing before the tenant leaves, with proper notice, and schedule the turnover work in advance.
Our vacancy cost calculator compares the options.
General information, not legal, tax or financial advice.
This article is general information, not legal, tax or regulatory advice. Rules change; confirm current requirements with the responsible agency or a licensed professional.
