As a local team lead focused on investment real estate, we often start by analyzing comparable properties and historical data to get a baseline for expenses.

For example (all data YoY)Wisconsin 6.01%West Allis: 1%Wauwatosa: 11.9%Shorewood: 13%City of Milwaukee: 11%West Allis stands out, because it has been the HOTTEST market last year, so looks like it's consolidating this year.The April lunch&learn for the RPA will be about Milwaukee rent growth and increases.

I usually do a test run of my taxes in November so that I have time before 12/31 if I need to make any moves, so at least I know what I can count on at the bottom level, since I already know my bracket will end up being at or above 24% this year.

Where Would you even find this data?

definitely not. especially if you stack instead of side by side. depends on the duplex but I'd be happy to take a look if you want. our pricing reduces by 15% from a single family to a triplex in columbus ohio and miami fl for new construction  Thanks Robert for sharing that data. 15% is a nice chunk to save! 

Always test a small spot in somewhere that's not noticeable to make sure it's not going to damage it.

Only thing I need now is try and decrease the amount of time it takes me to walk through a property and populate the data.  

When institutions estimate operating expenses for calculating the NOI and subsequently the DSCR, they typically use industry benchmarks and historical data.

Hello, I am a software developer and I have a data science friend who we want to team up on making software in the real estate niche.Tell me, as a real estate professional, please dream of your ideal software. what kind of software or software feature do you wish you had or wish that can be improved upon.

This business will test you in every human way possible.