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Updated over 3 years ago on . Most recent reply

Jehon Bendokas's profile image
Jehon Bendokas's profile image
Jehon Bendokas
  • Investor
  • from Gulf Breeze, FL
  • Member since Jul 17, 2018
  • Posts 32
  • Votes 19
  • Experience 9 Yrs
  • Investments 6
Connect

User Stats

32
Posts
19
Votes
Jehon Bendokas's profile image
Jehon Bendokas's profile image
Jehon Bendokas
  • Investor
  • from Gulf Breeze, FL
  • Member since Jul 17, 2018
  • Posts 32
  • Votes 19
  • Experience 9 Yrs
  • Investments 6
Connect
Jehon Bendokas
  • Investor
  • Gulf Breeze, FL
19
Votes |
32
Posts
BRRRR - Buy, Rehab, Rent, Refinance, Repeat

Debit Management Fees from NOI or not?

Jehon Bendokas
  • Investor
  • Gulf Breeze, FL
Posted

I can argue both sides. Should someone "running the numbers" of a multifamily property include management fees when determining NOI to determine cap rate?

Professional management is optional and has a fixed cost/percentage.

Self management is "free" - it has a cost but less tangible than hired management.

If someone is trying to do multifamily BRRRR math do you include management cost in your NOI?

  • Jehon Bendokas
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