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Updated about 5 years ago,
Evaluating Multifamily Property Expenses
What %s do you use when evaluating multifamily properties? A Bigger Pockets webcast suggestion for single family homes goes something like this:
5% for expenses
5% vacancy
6% capital expenses
10% prop manager
When it comes to multifamily, do you use the same %s? Or do you adjust them. If you do adjust, what %s do you typically use?
Thanks,
Steven