Operating expenses for 80 door multi-family

[Tracey B.]

I'm doing some due diligence on a multi-family, and the proforma expenses are running at 71%. :wowie: I'm pretty sure the expenses are overstated, and I have my own ideas about where they're too high, but I'd appreciate the benefit of fellow investors' experience, please. :cool:

HVAC and electricity are individually metered, and there's no gas, so water is the only utility borne by the landlord.

Here are the figures they've given, per unit per month, and where I think they're overly high:

I think they may still even be a little high, but I'd rather be too conservative at this stage in my due diligence than not allow enough; I still want my figures to be believable to a lender.

Your thoughts, please? Thanks! :)