Our Property Management Insights

Rental turnover costs are a serious challenge for property managers and brokers, especially when the turnover rate is high. According to the National Apartment Association, the average tenant turnover rate is around 40%. So that means if you’re managing 200 units, then 80 units will turnover each year. Those add up, meaning you’ll be turning 6-7 units every month. And the cost of each of those 80 turnovers chips away at the bottom line of your rental income.

When you add up your tenant vacancy costs, you’re likely thinking of lost rental income, which is easy to quantify -- you know exactly how much potential revenue you’re missing. You probably also automatically count in any mortgage payments or HOA fees that you’ll need to continue to pay even though the property isn’t earning any income. Those are hard costs that are easy to see.

WASHINGTON, March 23, 2020 – In a resounding win for the property management industry, the United States Court of Appeals for the Federal Circuit upheld the district court’s decision to dismiss the patent lawsuit between Consumer 2.0, Inc. (dba “Rently”) and Tenant Turner, Inc.

"Our business is now more effective, more efficient, and more pleasant. Quality of life is so important."

How does the old saying go? A picture is worth a thousand words, but a virtual 3D tour…is worth your time and investment. In Tenant Turner, currently 12% of active listings have a link to a video or virtual tour, the majority of which are links to YouTube video tours. But many people are dipping their toes in. Interestingly enough, 33% of customers have at least one video or virtual tour which is also on the upswing.

You want to sign up and get started right now? We now offer instant signup! It’s quick and easy with no long-term commitment. For those of you who know us for our industry-leading support, the care you’ve been accustomed to receiving is still here.

After you’ve been in this business awhile, you get to know the people who call your properties home. You meet their families, you hear their stories. When those families are presented with challenges and hardships, you have the opportunity to see the people behind the situation.