Follow

How is Vacancy Loss calculated?


Instruction

Both the Gross Potential Report and the financial statements look at the earliest move in date for that lease.

ResMan uses the accounting period and market rent to calculate the rent/day.

Example:

Market Rent = 1,000.00
Accounting Period = 31 days 

SO:

Daily Rent = 32.26   (1,000.00/31)

Then ResMan looks at the residents Move Out or Move In date to calculate how many days the unit was vacant.

 

Have more questions? Submit a request
Powered by Zendesk