At Sunnyside Place, as of March 31, a total of 12 residents have moved out. What is your property’s annualized turnover percentage rate?
Note: this is connected to the first Sunnyside Place apartment question, which total apartments are 100
Again, thank you for letting me pick your brain, it's just that there's no substitute for it
3 months >> 12 moved out
12 months >> 48 moved out
48/100 = 48% per year
Hi Ms. Sue,
I'm just trying to make sure I'm understanding the steps to arrive at the answer. Please correct me if I'm wrong.
I got the 3 months>>12 move out.
However, 12 months>>48 moved out, i'm not too clear.
Is this correct> 12 X 3= 36 + 12,moved out = 48. 48/100= 0.48, which you just move the decimals to read 48%.
I'm sorry for the trouble. Thank you so much!!
12/3 = 4
I multiplied 12 by 4 to find the number of movers in a year.
Yes, you're right.
No trouble. You're very welcome, Esther.
Ms. Sue,
Sorry, for the confusion. I'ts just that I have two similar problems and I got confused with both of them.
So, just to recap, Ms.Sue,
at Sunnyside Place, as of March 31, a total of 12 residents have moved out.
What is your property’s annualized turnover percentage rate?
property’s annualized turnover percentage rate? is it 48%, right?
again, sorry for the confusion. I think I transposed this answer on another one, this will help me clarify the two problems. Thanks, again.
To calculate the annualized turnover percentage rate for Sunnyside Place, we need to know the number of residents who have moved out over a year, as well as the total number of apartments.
In this case, we know that as of March 31, a total of 12 residents have moved out. However, we don't have information about the time period over which these residents moved out. To calculate the annualized turnover percentage rate, we need to know the total number of residents who moved out over a year.
Let's assume that we have the data for a full year. In that case, to calculate the annualized turnover percentage rate, you would divide the number of residents who moved out during the year by the total number of apartments and then multiply it by 100.
Annualized Turnover Percentage Rate = (Number of residents who moved out / Total number of apartments) * 100
So, if we assume that 12 residents moved out over a year and Sunnyside Place has a total of 100 apartments, the calculation would be as follows:
Annualized Turnover Percentage Rate = (12 / 100) * 100 = 12%
Therefore, the annualized turnover percentage rate for Sunnyside Place would be 12%.
Please note that the actual turnover rate may vary depending on the specific time frame and data provided.