Estimating expenses on 10+ unit buildings

[Haney Mallemat]

Hi BP,

When you are determining a potential investment property where there are more than 10 units, what % do you use for monthly expenses such as:

1. CapEx

2. Maintenance

3. Property management

I know these are variable by region and specific situation, but I'm trying to run the numbers on a potential property and they seem slightly different than what the seller is providing, plus CapEx isn't mentioned.

I've already accounted for taxes, insurance, water/sewer, landscaping, common area electric, but I'd also appreciate any insight as to whether there are other unforeseen expenses that I'm not accounting for. ]

Thank you all for your help.