Calculadora de Análise de Renovação de Locação — Formula

## 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

Exemplo Resolvido

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.

  1. Renewal revenue: $1,750 x 12 = $21,000
  2. Vacancy cost: $1,850 / 30 x 30 = $1,850
  3. Total turnover cost: $1,850 + $2,500 + $1,000 = $5,350
  4. New tenant gross: $1,850 x 12 = $22,200
  5. New tenant net: $22,200 - $5,350 = $16,850
  6. Renewal wins by: $21,000 - $16,850 = $4,150
  7. Break-even new rent: ($21,000 + $5,350) / 12 = $2,196