Estimating Operating Expenses

[Adam Pervez]

Hello!

I am looking at a house hack in Easton, PA. Prior to making any decisions, I want to make sure I properly analyzed the property (specifically expenses that would be associated with the property).

The list I came up for operation expenses (not including Debt payments or any expenses associated with the mortgage)

Property Taxes, Home Insurance, Home inspections, Water, Gas, Electric, Garbage, Utilitities, CapEx, Maintenance.

What are other expenses I should list down? Also, when it comes to determining some of these expenses, is it best to call the company that handles this for the general area?

[Randy Gutierrez]

Quote from @Adam Pervez:

Hello!

I am looking at a house hack in Easton, PA. Prior to making any decisions, I want to make sure I properly analyzed the property (specifically expenses that would be associated with the property).

The list I came up for operation expenses (not including Debt payments or any expenses associated with the mortgage)

Property Taxes, Home Insurance, Home inspections, Water, Gas, Electric, Garbage, Utilitities, CapEx, Maintenance.

What are other expenses I should list down? Also, when it comes to determining some of these expenses, is it best to call the company that handles this for the general area?

Property taxes are public record, just have to look it up. Even Zillow/Redfin can tell you what they are. Home insurance varies, I'm paying $1275 for a duplex in Easton. Home inspections are $400-$600, add $100 for a termite inspection. W/S/T (Water, sewage, trash) come out to around $1800 a year for my duplex. Gas and electric depends on usage and what they are connected to so I really couldn't tell you. However utility companies can tell you the previous history of usage/payments, so yes it is best to call the companies that service the area. The only thing I see that you didn't account for is landscaping/snow removal.  


 https://www.easton-pa.com/fina...