Renew or Re-Lease?
Is keeping your current resident the better financial move — or could re-leasing make more sense? Compare projected rent, vacancy, turnover expenses and leasing costs to see the potential financial difference.
Rental Decision Calculator
This calculator provides estimates for comparison purposes only. Actual rent, vacancy, maintenance, turnover and leasing costs vary by property and market conditions.
Step 1
Your Rental
Option A · Step 2
Renew Current Resident
Estimate the financial impact of keeping the current resident and renewing the lease.
Option B · Step 3
Re-Lease the Property
Estimate the financial impact of turnover, vacancy and placing a new resident.
Enter a proposed renewal rent and an estimated market rent above to see your side-by-side comparison.
The Decision Is More Than the Rent
A few factors shape the real first-year picture when you compare renewing with re-leasing.
Vacancy
Even a higher monthly rent can lose its advantage if the property remains vacant during turnover.
Turnover
Cleaning, repairs and make-ready work can affect the first-year financial impact of re-leasing.
Market Rent
Understanding realistic current rental value helps owners compare renewal pricing with a potential new lease.
Resident Stability
Keeping a performing resident may reduce turnover and vacancy, while re-leasing may create an opportunity to reposition rent.
Not Sure Which Option Makes Sense for Your Property?
Let Boardwalk review your property, current rent and market conditions. We manage rentals across the Wasatch Front every day and can help you weigh the tradeoff.
Results are estimates based on the information entered and are intended for educational and planning purposes only. Actual rental income, vacancy, turnover costs and market conditions may vary. Lease renewal and resident decisions remain subject to applicable lease terms and federal, state and local housing laws. This tool does not provide legal, tax or investment advice.