- Time spent on phone for initial discussion, plan to talk 15-20 minutes
- Drive to property, show tenant inside and outside, all features, 25-90 minutes
- Applicant will fill out paperwork, this varies greatly; anywhere from 15 minutes to 3 days or longer
- Car mileage: 57.5 cents permile. If property ten miles away, then total mileage deduction would be $11.50 per each time driven
- Car gas – About one gallon per visit – about $2.50 per gallon
- Each showing will require 1.5 hours, $11 of wear & tear on car, and $2.50 in gas
Another trap many new landlords fall into is showing the property once and taking the first applicant with money in hand. However, it takes on average 7 to 15 showings to find a quality and qualified applicant. Based on the above numbers per showing, performing 7 to 15 showings will burn approximately 10-20 hours of your time, $80-$230 for wear and tear on your car, and $17 to $37 in gas.
The above information should give you a solid idea as to the time and costs required for showing your property so that you can plan accordingly. For more information, see our Landlord Calculator.
