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Updated over 8 years ago,
Property Managers and assistance with Deal analaysis Boston MA
Greetings all,
I recently (within the last hour) spoke with a property management company looking to obtain typical utilities rates in the Malden and Winthrop, Massachusetts area and the response I received to my request took me for a loop. I was told that the individual could not give me an estimate for specific areas in regards to utilities (electric, water, sewer, etc) because there are too many variable that go into it such as square footage, gas vs electric, etc. etc.
I tried explaining that the purpose of my question is to get pro forma numbers/estimates of what I should expect from a 3-unit property in Malden/ Winthrop. I didn't even get a chance to take notes regarding specifics like 3 bedroom units or 2 bed room units...
My question is, would a property manager be able to provide me these estimates? If not how am i supposed to estimate utilities for property analysis. I've read the BP approach on this subject and I assumed speaking to a property manager would be the next step. If I can obtain this information to efficiently analyze a deal without calling a 3rd party, please let me know.
All i want to do is a simply analysis to determine whether a property will cash flow or not (or is worth purchasing as an owner occupant).
Electricty, Water, Sewer, garbage, and insurance (or any others that would be operating expenses) are the areas in which I was expecting to get some assistance with.
Thanks for the help