Vacancy Loss Calculator

Quantify vacancy costs and evaluate fill strategies including rent concessions and leasing tactics

Vacancy Details

Standard rent per unit
Mortgage, taxes, insurance (continue regardless)
For multi-unit properties
How long vacant so far
Estimated time to lease next tenant
Labor, supplies, minor repairs
Carpet, paint, appliances, etc.
Listings, signs, online marketing
Total Projected Vacancy Loss
$2,450
Lost rent + holding costs + turn costs
Loss Per Day
$81
Loss Per Week
$569
Loss Per Month
$2,450
Turn Costs
$800
Urgency Level
Low — Stable situation

Vacancy Timeline & Loss Projection

Timeframe Cumulative Days Rent Lost Holding Costs Total Loss Severity

Concession Analysis: Are Rent Reductions Worth It?

Fill It Faster: 6 Strategies to Reduce Vacancy

📸
Better Photos & Video
Professional photography and virtual tours reduce inquiry-to-lease time by 15-20%
🌐
More Listing Platforms
Post on Zillow, Apartments.com, Facebook, Craigslist, local sites to maximize visibility
💰
Slight Rent Adjustment
5-10% rent reduction can fill unit 2-3 weeks faster; evaluate concession ROI
🎁
Move-In Incentive
Waive first month, offer gift card, or cover deposit to reduce tenant friction
📅
Flexible Move-In Date
Allow move-in within 2-week window to match tenant needs; expands applicant pool
🐾
Pet-Friendly Policy
Allow small pets (with deposit) to unlock 30-35% more tenant options in market