Minnesota Common Expenses

[Konrad Lightner]

Hi Minnesota Investors!

I was wondering what expenses your adjusting for in your calculations and how much?  I'm seeing quite a bit of variation or no numbers at all and want a realistic estimate.  These are the kind of numbers I have been seeing.   

• Electric - $2,050
• Fuel- $1,934
• Insurance - $4,800
• Maintenance - $1,500
• Repair - $1,500
• Trash - $436
• Water/Sewer - $1273
• Caretaker - ?
• Tenant Placement - 1 month's rent
• Management - $1068

Thanks for your help!

[Alan Mackenthun]

I'm not certain what kind of calculations you're thinking of or what kind of property you're considering.  Most of these expenses can vary quite a bit by property and type of property.  A couple you're missing that will and might come into play include real estate taxes and association fees.