Turning an apartment to pre pare for new renters can be quite overwhelming for property management, and as the busy summer moving season continues, it will feel this strain even more. The cost of getting an apartment move-in ready is dependent on the trend of renewals, and the nationwide rate of residents who renew their leases is currently at more than half.
The time it takes to get homes ready varies depending on how old the community is, how long the prior resident lived in the apartment home and what condition it was at the time of move out. Many companies in the industry use seven working days as a guideline to turn a home, but management groups expect five. That being said, research shows that few on-site teams can meet these deadlines consistently. In reality, it’s taking 15 to 25 days on average, and the lost rental days and invoice processing cost savings ($6-$8 per invoice) are costing communities time and money. Turning quickly provides additional revenue and helps onsite teams leverage their bonuses and increase resident satisfaction scores because resident service requests are handled timelier
