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An empty rental is the most expensive kind of rental, because the costs never take a holiday: rates, insurance and the loan payment keep arriving while the rent does not. Yet most landlords plan for rent but not for the gap between tenancies. This calculator prices a vacancy honestly — the lost rent for every empty week, the re-letting costs on top, and the total as a percentage of a full year's income — so an empty month becomes a planned number instead of a surprise. It also shows why the biggest vacancy lever is usually speed: a property that is show-ready the day the old tenant leaves rents weeks faster.
Price what an empty rental really costs — lost rent for every vacant week plus re-letting costs — and see it as a percentage of your annual income.
One to four weeks a year is normal even in healthy markets — the gap between tenancies, plus time for cleaning, repairs and advertising. Budgeting for three weeks keeps most landlords safe without being alarmist.
Re-letting quietly adds up: advertising, a clean between tenancies, sometimes a letting fee, and in slower markets a rent-free week offered to attract a tenant. The calculator adds these as a separate line so the true cost is visible.
Keep the property show-ready at all times, start the re-let search the day notice is given, and price at or just below market to generate multiple applications fast — an empty week usually costs more than the discount that avoids it.
Every tool answers instantly from our own knowledge and calculators — no AI wait, no account. Want the deeper, personalised version? Each has a $2.95 full report.