Metric used to measure a rental property’s efficiency by calculating the number of vacant rental units due to broken or non-renewed leases. High turnover rates can affect unit as well as surrounding property market prices.
Metric used to measure a rental property’s efficiency by calculating the number of vacant rental units due to broken or non-renewed leases. High turnover rates can affect unit as well as surrounding property market prices.
Source: DanterThe calculation used by real estate investors to determine the value of a rental property. High vacancy rates indicate a property is undervalued or undesireable. Low vacancy rates equate to more prosperous real estate properties with owners enjoying lower tenant-turnover rates and increased leverage in raising rental prices.
The calculation used by real estate investors to determine the value of a rental property. High vacancy rates indicate a property is undervalued or undesireable. Low vacancy rates equate to more prosperous real estate properties with owners enjoying lower tenant-turnover rates and increased leverage in raising rental prices.
Source: Investopedia