Multifamily Expenses

[Derek Buescher]

I am looking to start investing in multifamily properties.  I have set up my proforma spreadsheet and I am pretty sure the calculations are correct. 

When I evaluate properties what are all the expenses associated with the property I want to make sure I am not leaving one out.  I have the following accounted for;

Real Estate Taxes

Insurance

Repairs/maintenance

Utilities

Advertising

Property management

Landscape

What if anything am I missing? 

Should I be including Reserves in the expenses? 

Thanks for the help.