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Apartment Turnover Services

Speed-to-market B2B service: Clean, repair, and prep rental units between tenants for property managers who value every vacancy day

By Nik Hulewsky, Host of Nikonomics

★ 37/45 SCORE - Solid Pick with Upside

📸 Business Snapshot

Apartment turnover services prepare rental units between tenants by handling cleaning, minor repairs, painting touch-ups, and move-in readiness. This B2B model targets property managers, landlords, and real estate investors who value speed over cost because every vacancy day means lost rent. Services are priced $200–$600 per unit, with high repeat business from property management companies.

Why This Works

Time-sensitive problem: Property managers lose $50-150/day per vacant unit. A 3-day faster turnover is worth paying $200-400 premium to professional service.

High repeat business: Property management companies manage 50-500+ units with constant turnover. Lock in 2-3 PM companies = predictable recurring work.

Sticky clients: Once reliability is proven, switching costs are high. Property managers value consistency over saving $50/unit.

Margins
35-50%
Monthly Revenue (Solo)
$8K-$25K
Startup Cost
$5K-$15K
Time to Breakeven
3-6 months

🏗️ Business Model Breakdown

Service Categories (How Work Breaks Down)

Service Type % of Time Pricing Model Notes
Deep Cleaning 60% $150-350/unit Floors, bathrooms, kitchen, windows, baseboards
Minor Repairs 20% $50-150 add-on Patch holes, fix door handles, touch-up paint
Painting Touch-Ups 10% $75-200/room Spot painting or full room refresh
Coordination/Scheduling 10% Built into fee Scheduling, inspections, supply ordering

Client Types

Property Management Companies (70% of revenue): The bread and butter. 50-500+ units, constant turnover, value speed and reliability. Once you're in, you're doing 5-20 turnovers/month.

Individual Landlords (20%): 1-10 properties, sporadic work, price-sensitive but will pay for quality. Good for filling gaps.

Real Estate Investors/Flippers (10%): Need fast turnarounds for sale-ready or rental-ready units. Pay premium for speed.

Typical Job Pricing

  • 1-bedroom: $200-300 (3-4 hours)
  • 2-bedroom: $300-450 (5-6 hours)
  • 3-bedroom: $450-600 (7-8 hours)
  • Add-ons: Carpet cleaning (+$75-150), painting full room (+$150-300), appliance deep clean (+$50-100)

💰 Financial Details

Startup Costs Breakdown

Item Low End High End Notes
Cleaning Supplies & Equipment $1,500 $5,000 Vacuum, mop, chemicals, tools, ladder
Basic Repair Tools $500 $2,000 Drill, paint supplies, patching materials
Vehicle/Transportation $0 $3,000 Use personal vehicle or upgrade to van
Insurance $800 $2,000 General liability, bonding
Business License & LLC $200 $500 State/local registration
Marketing & Website $500 $2,000 Google My Business, basic site, flyers
Software & Operations $200 $500 Scheduling, invoicing, CRM
Total Startup $5,000 $15,000

Revenue Projections (Solo Operator)

Month Jobs/Month Avg Revenue/Job Monthly Revenue Notes
Months 1-2 8-12 $350 $3K-$4K Building pipeline, proving quality
Months 3-6 15-25 $375 $6K-$9K Locking in 1-2 PM companies
Months 7-12 25-40 $400 $10K-$16K Maxing out solo capacity
Year 2+ 40-60 $425 $17K-$25K Adding contractors, scaling

💡 Path to $10K/Month

Strategy: Lock in 2-3 property management companies with 50-200 units each. At 15-20% annual turnover rate, that's 15-40 turnovers/month from just 3 clients.

Math: 25 jobs/month × $400 avg = $10,000/month. With 40% margins = $4,000 profit/month after labor and supplies.

Unit Economics

Avg Job Revenue
$350-450
Labor Cost
$100-180
Supply Cost
$30-60
Net Profit/Job
$140-210

⚙️ Operations

Typical Week Breakdown (Solo)

Activity Hours/Week % of Time
Cleaning & Repairs (Fulfillment) 30-40 60-70%
Travel Between Jobs 8-12 15-20%
Scheduling & Coordination 5-8 10-15%
Supply Shopping & Restocking 2-3 5%
Sales & Outreach 3-5 5-10%

⚠️ Physical Demands

Reality check: This is physically demanding work. 50-60 hours/week, lots of bending, lifting, scrubbing, climbing ladders. Most founders hit capacity at 25-30 jobs/month solo.

Scaling requirement: To break $15K/month, you need contractors. Managing labor becomes the new bottleneck.

Labor Model Options

  • Solo (Year 1): Do everything yourself. Max capacity: 25-30 jobs/month, $10K-12K revenue.
  • 1099 Contractors (Year 2): Hire 2-4 cleaners at $15-20/hour. You handle sales, scheduling, quality control. Capacity: 50-80 jobs/month, $20K-30K revenue.
  • Team Model (Year 3+): 5-10 W-2 employees, multiple crews. Capacity: 100-200 jobs/month, $50K-80K revenue.

Tools & Software Stack

  • Scheduling: Housecall Pro, ServiceTitan, Jobber ($50-150/month)
  • Invoicing: QuickBooks Online, Wave (free-$50/month)
  • Communication: Google Workspace, Slack ($0-15/month)
  • Marketing: Google My Business (free), property management networking

🎯 Business Model Deep Dive

Revenue Model

Primary: Per-unit flat fee ($200-600/unit). Most common and preferred by property managers for budget predictability.

Alternative: Hourly service rates ($25-45/hour). Used for custom jobs or when scope is uncertain.

Customer Retention & Churn

Property Manager Retention
85-95%
Individual Landlord Retention
60-75%
Sales Cycle
1-2 calls
Jobs per PM Client/Year
15-100+

Why Property Managers Stay

Switching costs: Training new vendor, explaining systems, quality uncertainty.

Reliability premium: Knowing you'll show up on time, do quality work, and communicate proactively is worth more than saving $50/unit.

Relationship lock-in: You become the "go-to" for all turnover needs. Property managers hate managing multiple vendors.

Seasonality

Season Activity Level Notes
May-August (Peak) 150-200% of avg Moving season, college turnover, family relocations
Sept-Oct 100-120% of avg Secondary peak from late summer moves
Nov-Feb (Slow) 50-70% of avg Minimal moving activity, holidays
March-April 90-110% of avg Building toward summer peak

📈 Customer Acquisition

Primary Acquisition Channels

Channel % of New Clients CAC Effectiveness
Direct Outreach to PMs 40% $50-100 High - targeted, immediate need
Referrals 30% $0-50 Very High - warm intros, pre-sold
Google My Business/Local SEO 20% $100-200 Medium - individual landlords mostly
Property Management Networking 10% $50-150 High - quality leads, relationship-based

Cold Outreach Strategy (Most Effective)

Step 1: Identify 20-30 property management companies in your area (Google, Yelp, local associations).

Step 2: Call directly, ask for operations manager: "Hi, I run a turnover service specifically for PM companies. We handle cleaning, minor repairs, and move-in prep with 24-48 hour turnaround. Would you be open to a trial unit?"

Step 3: Offer discounted first unit ($150-200) to prove quality. If they're happy, you're in for 15-50 units/year.

Conversion rate: 10-20% of cold calls → conversations. 30-50% of trial units → ongoing relationship.

Customer Economics

Typical CAC
$50-200
LTV (PM Client)
$10K-40K
LTV:CAC Ratio
5:1 to 10:1
Pipeline Build Time
2-4 months

Referral Mechanics

Highly referral-driven after initial traction. Property managers talk to each other. Real estate investors share vendor lists. Once you have 3-5 happy clients, referrals start flowing organically.

  • 40-50% of new clients come from referrals by Year 2
  • Incentive: Offer $50-100 credit for referrals that convert
  • Ask for Google reviews after every job (social proof for new PMs)

⚠️ Risks and Red Flags

Licensing & Regulatory Requirements

  • Business license: Required in most cities/states ($50-500)
  • General liability insurance: $800-2,000/year minimum (property managers require proof)
  • Contractor license: Required in some states if doing repairs beyond "handyman" scope (check local laws)
  • Bonding: Some PM companies require bonding ($100-500/year)

Key Risk Factors

Risk Severity Mitigation
Revenue Concentration Moderate Losing 1 major PM client could drop revenue 20-40%. Diversify across 4-6 PM companies.
Physical Burnout High 50-60 hour weeks of physical labor. Hire contractors by Month 6-12 to avoid burnout.
Labor Quality Control Moderate As you scale, contractor quality varies. One bad job can lose a PM client. Implement checklists + spot checks.
Low Barriers to Entry Low-Moderate Anyone can start this. Moat = reliability, relationships, reputation. Build these fast.
Seasonality Cash Flow Low Nov-Feb revenue drops 30-50%. Save during summer peak or diversify with commercial cleaning.

Market Trends & Defensibility

Market trend: Growing. Rental market expanding, PM companies outsourcing more services, DIY landlords aging out.

Defensibility: Low barriers to entry, easy to copy. Your moat is reliability and relationships. Property managers pay premium for vendors they trust. Build this fast, lock in 3-5 anchor clients.

🚨 Biggest Failure Mode

Losing 2-3 anchor property management clients simultaneously. If 60-80% of revenue comes from 3 clients, losing 2 of them could cut revenue in half overnight. This happens when quality slips, communication breaks down, or a competitor undercuts you.

Prevention: Over-communicate, deliver consistent quality, diversify client base beyond top 3.

🤖 AI and Automation Opportunities

High-Leverage Automation Targets

Task Current Time Automation Potential Tools/Approach
Scheduling & Coordination 5-8 hrs/week High (80% reduction) Housecall Pro, Jobber with automated booking
Invoicing 2-3 hrs/week Very High (90% reduction) QuickBooks auto-invoicing tied to job completion
Estimate Generation 1-2 hrs/week High (70% reduction) AI photo analysis → auto-estimate (emerging tools)
Client Communication 3-5 hrs/week Moderate (50% reduction) Automated job updates, completion notifications
Supply Management 2-3 hrs/week Moderate (40% reduction) Inventory tracking + auto-reorder triggers

AI Use Cases

1. Photo-based estimate generation: PM sends photos of unit → AI analyzes condition → generates scope of work + estimate. Emerging tools like Joist, ServiceTitan AI.

2. Automated checklists: Digital checklists for cleaners (photo proof of completion) → auto-send to PM when done.

3. Onboarding workflows: New PM client onboarded via automated email sequence + portal setup.

What Can't Be Automated

  • Cleaning & repairs: Physical labor. Robots aren't cleaning apartments yet.
  • Quality inspections: You or a trusted contractor needs to verify work meets PM standards.
  • Relationship management: Property managers hire people they trust. Calls, check-ins, problem-solving = human.

💡 AI Leverage Score: 3/5

Scheduling, invoicing, and communication can be heavily automated (save 10-15 hours/week). Core fulfillment (cleaning, repairs) stays manual. AI helps you scale operations, but doesn't replace labor.

👤 Founder Fit

Emotional Investment & Passion

Emotional investment needed? No. This is an ops-driven business. Clients care about speed, quality, and reliability — not your passion for cleaning.

Can you succeed without passion? Yes. Systems, hustle, and consistency matter more than enthusiasm. If you can grind physically for 12-18 months while building systems, you'll win.

Trust-Driven vs Ops-Driven

Trust-driven. Property managers need to trust you'll show up on time, do quality work, and communicate issues proactively. Building this trust takes 3-6 months. Once established, it's sticky.

Ideal Founder Profile

Best For:

  • Operators who can hustle physically while building systems. You need to do the work Year 1, then systematize your way out.
  • Sales-comfortable founders. Cold calling property managers is the fastest path to revenue. If you hate sales, this is harder.
  • Process-oriented thinkers. As you scale, checklists, SOPs, and quality control become critical.
  • People who value predictability over excitement. This isn't a sexy business. It's cleaning apartments. But the numbers work.

⚠️ Not Great For:

  • People who want to avoid physical labor (this is 60-70% manual work Year 1)
  • Founders who need passion/purpose to stay motivated (this is a utility service)
  • People who hate sales/networking (PM relationships = revenue)
  • Anyone who can't handle 50-60 hour weeks for 12-18 months

Founder Flexibility Score: 5/5

Highly flexible. This is systems-driven, not passion-driven. Once processes are documented and contractors are trained, you can step back. Many founders run this semi-absentee by Year 2-3.

📊 Nik's 8+1 Scorecard

Category Score Notes
Neanderthal-Friendly 4/5 Cleaning + handyman skills, plus coordination
Tastes Like Chicken 5/5 Everyone gets "clean apartments between tenants"
Startup Cost & Payback 5/5 $5K–$15K startup, 3–6 month breakeven
Recurring Revenue 4/5 Strong repeat business with property managers
Operator-Friendly 3/5 Physically demanding, requires contractors to scale
Low Downside Risk 4/5 Low regulatory burden, skills and tools transferable
Founder Flexibility 5/5 Systems-driven, passion optional
Customer Acquisition 4/5 Direct outreach works, referrals grow over time
AI Leverage 3/5 Scheduling, estimating automatable; labor manual
Total Score: 37/45 — Solid Pick with Upside

Nik's Verdict

Apartment turnover services solve a painful, time-sensitive problem for landlords and property managers. The numbers make sense, the demand is steady, and referrals snowball once reliability is proven. The ceiling hits when you max out physically and need to manage crews — and losing just a few major property managers could sting.

Bottom Line: A gritty but profitable service business. Great starter play for operators who can grind, then systematize their way out of the labor.

🌍 Real-World Example

TurnoverBNB (Franchise Model)

Business: Apartment and vacation rental turnover services franchise

Model: Franchisees pay $50K-75K to license the brand, systems, and training. TurnoverBNB provides operational playbooks, software, and marketing support.

Revenue: Franchisees report $100K-250K annual revenue by Year 2 (highly variable by market)

Key insight: Systematized operations (checklists, pricing templates, hiring playbooks) allow semi-absentee ownership once team is trained.

Quick Turn Pros (Austin, TX - Independent Operator)

Founder: Started solo in 2018 with $8K (supplies, insurance, marketing)

Growth: Built relationships with 5 property management companies in Year 1. By Year 2, doing 40-60 turnovers/month with 3 contractors.

Current state: $40K-50K monthly revenue, 7 employees, semi-absentee owner. Founder focuses on sales and quality control, team handles fulfillment.

Key lesson: "The first 10 PM relationships took 6 months. After that, referrals did 80% of the work. I stopped marketing in Year 3."

Clients Needed for $10K/Month

15-25 regular property management clients (50-200 units each, 15-20% annual turnover)

Math: 3 PM companies × 100 units × 20% turnover = 60 turnovers/year per client = 15 jobs/month from 3 clients. Need 8-10 clients to hit 25 jobs/month consistently.

🛠️ Tools & Platforms

Essential Software Stack

Category Tool Cost Purpose
Scheduling & Dispatch Housecall Pro, ServiceTitan, Jobber $50-150/month Job scheduling, automated booking, crew dispatch
Invoicing & Accounting QuickBooks Online, Wave $0-50/month Auto-invoicing, expense tracking, financial reports
Communication Google Workspace, Slack $0-15/month Client communication, team coordination
CRM HubSpot (free tier), Airtable $0-50/month PM relationship tracking, pipeline management
Marketing Google My Business, Yelp Free Local SEO, reviews, credibility

Physical Equipment Checklist

  • Cleaning supplies: Industrial vacuum, mop, buckets, microfiber cloths, cleaning chemicals ($500-1,000)
  • Repair tools: Drill, patching materials, paint supplies, ladder, basic hand tools ($500-1,500)
  • Transportation: Reliable vehicle (van preferred for equipment storage)
  • Safety gear: Gloves, masks, knee pads, back brace

Resources & Learning

  • Property management associations: NARPM (National Association of Residential Property Managers) - networking gold
  • Training: YouTube for cleaning techniques, local community college for handyman skills
  • Insurance: Next Insurance, Hiscox (small business liability policies)

🎯 Final Takeaway

Apartment turnover services are a solid, gritty service business for operators willing to hustle physically while building systems. The path to $10K/month is clear: lock in 2-3 property management companies, deliver consistent quality, and let referrals compound. The ceiling hits when you max out physically — plan to hire contractors by Month 6-12. Not sexy, but profitable and predictable.

Best for: Operators who value systems over passion, can grind for 12-18 months, and want a business with clear unit economics and recurring revenue potential.

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