Resident Turnover Cost Calculator - Grace Hill
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CALCULATOR

Is Resident Turnover Burning Through Your Budget?

Every time a resident moves out, the effort and expense of renting the apartment drain your budget by nearly $4,000!

Calculate Turnover Costs Now

Suffering from high resident turnover is more than just a hassle — the financial impact is staggering! In fact, it can take nearly 18 months to recoup almost $4,000 in expenses, and depending on your lease terms, you may cycle through several residents before those costs are fully recovered.

When a resident leaves, it costs you nearly $4,000!

Reducing your staff turnover can directly impact resident turnover.

Tenured staff know the history of their community and build relationships with residents, which improves everyone’s experience. In fact, 1 in 4 properties with low staff turnover achieved 70% resident retention. 

Find out your company’s annual resident turnover cost with our calculator below:

To get you started we've included industry average data as an example.

Resident Turnover Cost Calculator
Your Annual Resident Turnover Rate
%
Number of Units
#
Turnover Cost Per Unit
$

1 The average resident turnover rate is 46.9
2 Losing a resident costs an average of $4000 per unit

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