What are your general guidelines for expenses?

[Stephen Brown]

Hello all,

I know that expenses vary on several factors and are different for every property. For example, you got to call an insurance agency to get a quote, rehab and maintenance will be different based on age, size, and other factors, and utilities change based on usage. However, if I am just analyzing properties quickly, are there any quick ways to guesstimate the expenses - like rough percentage thresholds for each expense category?

Here's a list of expenses:

Accounting
Advertising
Insurance (fire and liability)
Janitorial Service
Lawn/Snow
Legal
Licenses
Miscellaneous
Property Management
Repairs and Maintenance
Resident Superintendent
Supplies
Trash Removal

- Taxes -
Real Estate
Personal Property
Payroll
Other 

- Utilities -
Electricity
Fuel Oil
Gas
Sewer and Water
Telephone

Thanks in advance!

Stephen

[Noah Chappell]

@Stephen Brown Brandon's book on rental property investing has a great table breaking down the general lifespan of many cap ex, including cost, and a break down of yearly & mostly savings required to replace. It also goes into the remaining expenses. Highly recommended.