As a Property Manager, your ultimate goal is to maximize the profitability of your apartment complex. But what if I told you that simply reducing the time it takes to complete a Turn could add an additional $50,000 or more to your bottom line every year? With 360 Apartment Renovations, this isn’t just a possibility—it’s a reality.
The Hidden Cost of Slow Turns
When a unit sits empty, every day without a tenant is lost revenue. The industry average for completing a Full Turn is around 10 days. During this time, you’re not just waiting for the next tenant to move in—you’re losing money.
Let’s break down the numbers using an average apartment complex as an example:
• Average units per apartment complex: 250 units
• Average monthly rent: $1,500 per unit
• Daily rent: $50 per unit (calculated as $1,500 monthly rent divided by 30 days)
Now, consider the impact of reducing your Turn time from 10 days to just 2 days. That’s 8 days of additional rent you could be collecting per unit. For one unit, that’s an extra $400 per Turn.
Given an industry average retention rate of 50%, you’re likely handling about 125 Turns per year for a 250-unit complex. Multiply that $400 per Turn by 125 Turns, and you’re looking at an additional $50,000 in annual profit.
This isn’t just a theoretical calculation—it’s a tangible financial gain that can significantly improve your property’s profitability.
Real Results from Real Clients
The numbers tell one part of the story, but the experiences of our clients bring it to life. Here’s what some of our customers have to say:
“Since partnering with 360 Apartment Renovations, we’ve not only stayed on budget for our Turns, but we’ve consistently beaten our financial targets. The faster Turn times have allowed us to achieve higher occupancy rates, driving more revenue and improving our bottom line.”
“We used to struggle with lengthy Turn times that kept our units vacant far longer than necessary. Now, thanks to 360’s efficient processes, we’re getting units ready in a fraction of the time, which has had a significant positive impact on our financial performance.”
These testimonials are proof that reducing Turn times is more than just a process improvement—it’s a profit improvement.
Calculate Your Potential Profit Boost
Now that you’ve seen the impact for a typical apartment complex, let’s see how this applies to your property. Use the table below to calculate your potential profit uplift based on the number of units in your complex and your average rent per unit. The quicker you can complete a Turn, the more revenue you can generate.
This table is a simplified example, but it highlights the significant financial impact that faster Turn times can have on your property. Imagine what you could do with an extra $50,000—or more—added to your annual profit. Whether it’s reinvesting in your property, boosting your amenities, or simply enhancing your bottom line, the benefits are clear.
Ready to Boost Your Profits?
At 360 Apartment Renovations, we specialize in reducing Turn times without sacrificing quality. Our cutting-edge processes and technology are designed to get your units ready faster, so you can start collecting rent sooner. By partnering with us, you’re not just improving your Turn processes—you’re driving more revenue and profitability for your property.
Ready to see how much more profit you can generate? Schedule a consultation with 360 Apartment Renovations today, and let’s explore how we can help you achieve greater financial returns. Don’t leave money on the table—start turning faster and profiting more.
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