Security Deposit Analysis
Oakwood Apartments • 312 Units
Sample Report
Security Deposit Options
Conservative
$1,500
75% Coverage
Balanced
$1,800
90% Coverage
Protective
$2,100
105% Coverage
Security Deposit Options based on your property's historical cost per move-out of $1,999. Choose based on your risk tolerance and local market conditions. $500 minimum deposit level recommended.
Your Improvement Opportunity
With a More Appropriate Security Deposit
+$17,216
in recoverable costs annually
Recovery Potential
12%
of current losses
Asset Value Gain
+$344,320
at 5% cap rate
By adjusting your security deposit to the recommended levels and improving collection practices to industry benchmarks (30% damage recovery, <0.5% bad debt), you can recover $17,216/year from your current annual loss of $147,950.
Cost per Move-out
$1,999
Net Turnover + Bad Debt
Damage Recovery
24.5%
Target: >30%
Bad Debt
0.72%
Target: <0.5%
Performance Summary
- Bad debt at 0.72% of revenue is well-controlled and below the 1.0% industry threshold.
- Detailed turnover cost tracking across 5 categories enables targeted cost reduction.
- Damage recovery rate of 24.4% is below the 30% benchmark, leaving $8,676 annually unrecovered.
- Paint and flooring represent 63% of turnover costs - consider amortization schedules for resident billing.
Supporting Data
Turnover Cost Composition
Turnover Cost Trends
Turnover Costs
| Category | Annual | Per Turn |
|---|---|---|
| Paint | $52,140 | $704 |
| Cleaning | $31,284 | $423 |
| Flooring | $46,926 | $634 |
| Resurfacing | $15,642 | $211 |
| Other | $10,428 | $141 |
| Gross Total | $156,420 | $2,114 |
| Less: Damages Recovered | ($38,250) | ($517) |
| Net Turnover | $118,170 | $1,597 |
Bad Debt
| Category | Annual | Per Turn |
|---|---|---|
| Rent | $24,240 | $328 |
| Utilities | $3,570 | $48 |
| Other | $1,970 | $27 |
| Gross Write-offs | $34,900 | $472 |
| Less: Recoveries | ($5,120) | ($69) |
| Net Bad Debt | $29,780 | $402 |
Bad Debt as % of Revenue: 0.72%
Sample Report