🏢 Property ManagementSimpleAlso: Unit turnover, Tenant turnover
Property Turnover
Definition
Property turnover is the process of preparing a rental unit for a new tenant after the previous one moves out. It typically involves cleaning, repairs, painting, and inspections.
Common Questions
Real-World Example
A landlord in Vancouver WA has a tenant move out and needs to repaint walls, replace carpet, and deep clean.
Why It Matters
Property turnover is one of the most common service needs for property managers.
Related Services
Related Terms
🏢
Make-ready
🏢Make-ready refers to getting a rental property cleaned, repaired, and prepared before a new tenant m...
Unit Turn
🏢A unit turn refers to the specific tasks completed to flip a rental unit from one tenant to the next...
Capital Expenditure (CapEx) vs Operating Expense (OpEx)
Capital expenditure (CapEx) refers to major property improvements that increase long-term value, lik...