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Updated over 7 years ago,
Accounting and Legal Fees for Multifamily Pro forma
I'm setting up a pro forma for a multifamily acquisition and was just curious what type of ratio you all use when projecting accounting and legal fees in your analysis? I've been using Costar's underwriting reports to get per/sf averages for sub-market operating expenses, but I've quickly discovered that they can be WAY off. Legal and accounting aren't even included in them anyway, so I've been using the more traditional operating expense ratios for my analyses. Thanks for the help!