Tenant Turnover
How often residents leave and are replaced.
Definition
Tenant Turnover is How often residents leave and are replaced. It comes up most often when residents are renewing, leaving, or turning over fast enough to change the shape of future demand.
The term keeps showing up because movement metrics show whether the operation is keeping good residents or constantly replacing them. They are useful when pricing, service quality, and renewal strategy are being questioned together.
Use cases
Use Tenant Turnover to measure whether residents are staying for the right reasons.
Review Tenant Turnover when the team needs to connect renewal and churn behavior back to pricing or service quality.
Track Tenant Turnover so operations can anticipate future move-out pressure before it shows up as vacancy.