Turnover is one of the more underestimated costs in rental property ownership.
Most owners think about it in terms of the rent they miss during vacancy. But one turnover typically includes cleaning, paint, repairs, leasing time, and the carrying costs of however many weeks the unit sits between tenants.
In Denver's current market, with more inventory and longer average days on market, that window is adding up faster than many owners expected.
The owners who feel this the least are almost always the ones who prioritized retention - keeping a well-qualified tenant in place through consistent communication, responsive maintenance, and a management experience that gives people a reason to stay.
If you want to talk through how your property is being managed and where there might be room to reduce turnover, we're happy to have that conversation.
Reach out anytime at 303-228-7800 or hello@myhavengroup.com
