Unit Turnover

• Maintenance·Unit Turnover

  How do I manage unit turnover in Kompas?

  Kompas tracks all of your move-ins and move-outs through checklists, scheduling and unit inspections, so a turnover is a defined process rather than a series of reminders. Move-in and move-out inspections are created automatically when a lease is executed or when a tenant gives notice, and the checklist carries the tasks that have to happen before the keys change hands. Renovation work planned as part of the turn is budgeted and measured in the same place.

• Maintenance·Unit Turnover

  Can I plan and track a renovation as part of a turnover?

  Yes — Kompas has a turnover analysis workflow where you itemize and budget renovation costs, compare the previous rent to projected market rent, and calculate an ROI on the work itself. That turns a renovation decision into a number rather than an instinct, and gives you something to show an owner asking why a unit sat empty for six weeks. The analysis lives with the turnover record rather than in a separate spreadsheet.

• Maintenance·Unit Turnover

  How do renovation and maintenance costs reach my financials?

  Through the payables side, where every invoice can be tagged to a unit, a building, a department or a recoverable expense pool before it posts. That is what lets a turnover budget be compared against what was actually spent on that unit, and what lets recoverable work be recharged to a commercial tenant. Because there is one general ledger under the whole platform, maintenance spend appears in the same financial statements as everything else.

• Maintenance·Unit Turnover

  Can I see which units are costing me the most in maintenance?

  Yes, through payable tagging rather than a dedicated maintenance cost report. Because every invoice can be tagged to a unit, a building, a department or a recoverable expense pool, your financial reporting can be grouped to show spend at whatever level you tag at. Combined with the turnover analysis, that covers both ongoing cost per unit and the return on a specific renovation.