Resident Turnover Cost Calculator LP - Grace Hill

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!

Suffering from high resident turnover is more than just a hassle — the actual financial impact is staggering. It can take almost 18 months to recoup that expense, and depending on your lease terms, you may cycle through several more residents before those costs are 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

Get a demo of Grace Hill’s solutions that reduce staff and resident turnover to boost your bottom line.

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