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tenants moving in

ResEx: A New Prescription for Boosting Tenant Retention

[Updated: Jul 08, 2021 ] Jul 08, 2021 by Marc Rapport
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The impact of turnover is steep. Especially if you think about the amount of time it takes to recover the costs from a unit turn. Say, for example, are able to find a new resident willing to pay $200 more per month. It's still going to take you 19 months ($3,850/$200) to recover the cost of losing the resident. That's over a year and a half!