WORD OF THE DAY

Turnover Rate

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: Danter
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> Turnover Rate

WORD OF THE DAY

Vacancy Rate

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
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> Vacancy Rate
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