

See the true cost of an empty property versus adjusting the price. Make data-driven decisions.
Total Cost of Vacancy
Lost rent + carrying costs for 30 days
Break-Even Point
Time to recover the vacancy loss with higher rent
You should consider lowering the rent to $2,300.
1. Upfront Cost:Waiting 30 days will cost you $4,000 in lost rent and expenses immediately.
2. Recovery Time:It would take over 20.0 months of the higher rent just to earn back that initial loss.
3. Bottom Line:By lowering the rent now, you end the year with $1,600 more in your pocket.