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Updated about 7 years ago,
operating expenses for 2017
Well, I am starting to run some numbers for 2017. Over my 10 properties, I had operating expenses of 32.8 percent of gross rents.
I had one property that had over 100 percent of operating expenses, and one that had 15. But it averaged out to 32.8 percent.
Keep in mind , I had less than 1 percent vacancy, which obviously helped things.
Any thoughts? What type of operating expenses is everyone else seeing for 2017?