How much does vacancy cost a landlord?

Every vacant day costs one day of rent plus the carrying costs that keep coming: mortgage, taxes, insurance, utilities, and lawn care. On a $2,000 per month rental, one empty month means $2,000 in lost rent before you count a single bill. The calculator runs the numbers for your property.

What is a normal vacancy rate for a rental?

Vacancy varies by market, season, price point, and condition, so there's no one number that fits everyone. For reference, the properties Smart Move manages average a 97% occupancy rate and 18 days on market in the Boise area.

How can I reduce vacancy time?

The biggest levers are pricing the home right from day one, having it truly rent-ready before it lists, marketing it everywhere renters look, and responding to inquiries fast. Homes that sit longer than 30 days are usually overpriced, need work, or aren't being seen.

Does hiring a property manager reduce vacancy?

It can, when the manager prices accurately, markets widely, and moves fast on qualified applicants. That's the core of what you're paying for. Compare your current vacancy cost from the calculator against a management fee and the math usually speaks for itself.