Expenses for duplex vs single family???

[Jeremiah Russell]

Hello,

I’m starting to analyze deals everyday and came to the problem of calculating expenses on multi family. Question? When I’m calculating expenses ie vancany, repairs, cape, and property management fees do I take the percentage of the rent from the whole duplex or just one unit? Ie duplex rents for $800 a door so do I calculate $800 or $1600 into the expense percentages?

Thanks a lot,

Chattanooga TN investor

Jeremiah Russell

[Mark Cadle]

Hence I am selling my duplex and 1031-ing my equity out of state.  I sent the assessors and city council a piece of my mind but lesson learned my friend it is more common that I thought that places double your taxes if a multifamily is not owner occupied.  It is worth a call to a local CPA.