Calculateur d'Analyse de Renouvellement de Bail
Analysez les options de renouvellement de votre bail.
Total Revenue if Renewed
$21,000
Total Revenue if Renewed vs New Lease Term (months)
Formule
## Lease Renewal vs. Turnover Analysis Deciding whether to renew a current tenant or turn the unit for a new tenant requires comparing total net revenue, not just the monthly rent difference. ### Renewal Path Total Revenue = Renewal Rent x Lease Term ### Turnover Path Total Revenue = (Market Rent x Lease Term) - Vacancy Loss - Make-Ready Cost - Leasing Fee ### Hidden Turnover Costs - **Vacancy loss**: Typically 2-6 weeks of lost rent - **Make-ready**: Paint, cleaning, minor repairs ($500 to $5,000+) - **Leasing costs**: Advertising, screening, agent commission - **Administrative time**: Showings, applications, lease preparation ### When to Renew vs. Turn - Renew if turnover costs exceed the rent difference over the lease term - Turn if market rent is significantly higher and the unit needs updates anyway
Exemple Résolu
Current rent $1,650, renewal offer $1,750, market rent $1,850, 30 days vacancy, $2,500 make-ready, $1,000 leasing fee, 12-month lease.
- 01Renewal revenue: $1,750 x 12 = $21,000
- 02Vacancy cost: $1,850 / 30 x 30 = $1,850
- 03Total turnover cost: $1,850 + $2,500 + $1,000 = $5,350
- 04New tenant gross: $1,850 x 12 = $22,200
- 05New tenant net: $22,200 - $5,350 = $16,850
- 06Renewal wins by: $21,000 - $16,850 = $4,150
- 07Break-even new rent: ($21,000 + $5,350) / 12 = $2,196
Questions Fréquentes
How much does tenant turnover really cost?
Total turnover cost typically ranges from $1,500 to $5,000 or more, depending on the market and unit condition. This includes vacancy loss, painting, cleaning, repairs, marketing, and leasing commissions. Many landlords underestimate these costs.
What is the break-even rent for a new tenant?
The break-even rent is the monthly amount a new tenant would need to pay for the turnover to produce the same net revenue as renewing the current tenant. If the market rent is below this threshold, renewing is financially better.
Should I always keep the current tenant?
Not necessarily. If the tenant is problematic, causes damage, or pays late frequently, the tangible and intangible costs of keeping them may exceed turnover costs. Also, if the unit needs significant updates, turnover is a natural time to complete them.