Page 21 - The Playbook

Turnover Cost Estimator

Turnover can be the biggest, most consistent cost you encounter with your rental property. It’s
why we go through great lengths to keep tenants happy in your home – we want them to stay!
On average our tenants rent from us for longer than 2 years – which is pretty good. But, when
they move out, there are costs for getting the home back into the top condition we expect for
the new tenant that will be moving in. A lot of this cost is not something that can be billed back
to the former tenant – it’s considered normal wear and tear.
We expect your tenant to clean and repair anything which they have broken – and those things
can be billed back. They should have carpets steam cleaned professionally at the conclusion of
their lease. We also expect them to keep up with the exterior maintenance they are responsible
for under their lease up until its conclusion.
Most of the time, painting, some additional cleaning, maintenance repairs, and even some lawn
care (depending on the length of time between tenants) may be an expense you have to bear
during the transition from one tenant to the next. To help you plan and to get a better
understanding of what may be deducted from your rent disbursement during turnover – we’ve
put together a chart of typical costs during turnover.

We MUST stress the caveat that these costs are estimated, and each home can be and is
typically unique. The cost for these services may vary and sometimes is based on a time &
material calculation after the work is completed. We’ll do our best to get you firm pricing when
requested and if there is any particular work you want completed – it’s best we try to plan for
that beforehand.
GENERAL/TURNOVER MAINTENANCE COSTS

Service Condo Attached Townhome Detached Home
Cleaning (Touch-up) $50 - $100 $75 - $125 $100 - $150
Cleaning (Full) $125 - $150 $150 - $200 $150 - $400
Painting (Touch-up) $80 per wall $80 per wall $80 per wall
Painting (Full – no ceilings) $1,500 - $2,000 $2,000 - $3,000 $3,000 plus
Exterior Lawn N/A $35 per hour $35 per hour

Plumbing Repairs (no $65 per hour $65 per hour $65 per hour
materials)
Carpet Cleaning $95 - $125 $125 - $200 $150 plus
HVAC Repairs $95 - $125/hour $95 - $125/hour $95 - $125/hour
Electrical $55 per hour $55 per hour $55 per hour
General Handyman Services $50 per hour $50 per hour $50 per hour
Emergency Maintenance $75 per hour $75 per hour $75 per hour