Here are the numbers. Please help me improve!

[Peter M]

Hello everyone. I thought I would post my year end numbers for one of my properties. I was negative for the year and wanted to see where I need to make changes. Be honest and hold no punches. I had a couple bad months at the end of the year with tenants that decided to buy Christmas gifts instead of pay the rent. The property is a triplex in Lafayette, Indiana.

2007 income--16247.00
if I was fully occupied the income would have been 18,600.00

expenses--17718.00

insurance--1333.00 7.5%
taxes-------2510.00 14.1%
advertising---60.00 .3%
cleaning------125.00 .7%
mainetnance-384.14 2.1%
repairs--------1194.48 6.7%
utilities(water/sewer)830.00 4.6%
property mngmt fees 1100.00 6.2%

Thats th breakdown of the numbers. The percentages are calculated from the total expenses figure. I was negative 1471.00.

My question is, Do these figures seem average or are they off in certain areas?

I have a fist mtg of 95000.00 at 7.25% 30 yr fixed at 663.00(P and I)
also a second mtg of 19300.00 at 10.5% payment 177.00 (P and I)

Thanks in advance for your input.