A Step-by-Step Guide to Calculating Turnover Rent in Rental Properties

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Introduction to turnover rent in rental
properties
Yardi Voyager is a leading property management
software that offers a wide range of features to
streamline the management of rental properties.
One of the most game-changing features of Yardi
Voyager is the ability to leverage turnover rent.
In this article, we will explore the concept of
turnover rent, its benefits, and how to
effectively use it in Yardi Voyager to drive
success for your business.
Understanding the concept of turnover rent in
rental properties
Turnover rent in rental properties is a unique
and innovative approach to rent calculation that
allows property owners to share in the success of
their tenants. Traditionally, rent has been
determined based on a fixed amount per square
footage or a percentage of the propertys
value. However, turnover rent in rental
properties considers the income generated by the
tenants business. As the tenants business grows
and becomes more successful, the rent also
increases, creating a win-win situation for both
parties.
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Benefits of using turnover rent in rental
properties with Yardi Voyager
There are several benefits to using turnover rent
in Yardi Voyager. First and foremost, it allows
property owners to align their interests with
their tenants. By tying the rent to the tenants
income, property owners have a vested interest in
helping their tenants succeed. This can lead to
stronger tenant relationships, increased tenant
retention, and, ultimately, higher rental income.
Additionally, turnover rent provides a more
accurate representation of the propertys value.
Instead of relying solely on fixed amounts or
percentages, turnover rent in rental properties
considers the actual performance of the tenants
business. This ensures that the rent is fair and
equitable for both parties.