All Forum Posts by: Derek Buescher

Thanks for all the advice I really appreciate it. 

Sorry this is a little confusing.

Potential Rental Income

Vacancy 10% of effective gross income

Concessions/Delinquent 1% of effective gross income

Net Rental Income

Other Income

Effective Gross Income

Operating Expense

Insurance

Real Estate Taxes

Repair/Maintenance

Utilities

Advertising

Property Management 5% of effective gross income

Landscape/Pool/Pest

Replacement/Reserve 4% of effective gross income

Other 1

Other 2

Other 3

Other 4

Total Expenses

Thank you everybody for the response.  I have added vacancy into my spreadsheet at 10%.  This is how I set up my spreadsheet.  Do my percentages look right for concessions, property management and reserves? 

I am looking to start investing in multifamily properties.  I have set up my proforma spreadsheet and I am pretty sure the calculations are correct. 

When I evaluate properties what are all the expenses associated with the property I want to make sure I am not leaving one out.  I have the following accounted for;

Real Estate Taxes

Insurance

Repairs/maintenance

Utilities

Advertising

Property management

Landscape

What if anything am I missing? 

Should I be including Reserves in the expenses? 

Thanks for the help.