All of the numbers are public information and so he could have done the math himself, but after I laid out the cost in terms of the square footage multiplied by our HOA cost he seemed surprised by number and tried to negotiate for a lower price - meaning he wants me to subsidize the cost of his lanai.

@Kim Meredith HamptonOkay so my rent and storage unit total is $2085 a month multiplied by 35% would give me roughly 1335.

I laughed and asked the tenant when he was going to move because every time a tenant moves I increase the rent and when you own multi-unit properties like we own I make about $37,000, immediately, when I increase the rent by only about $100 because when you calculate the additional income plus the increase in the property's value base on using the Gross Multiplier, we make bank.So, remain calm.

AirDNA is a great platform for that but I generally take the average rate and multiply it by 15x, if that number covers all the PITI and operating costs I will think about it.

The UBTI from the debt-financed property generally can be calculated by multiplying the income from the property by a fraction, the numerator of which is the average amount of “acquisition indebtedness” with respect to the property, and the denominator of which is the average adjusted basis of the property. 

@Greg Powers makes a good recommendation for public water/sewer properties; especially in areas where significant infrastructure components, such as sidewalks, are in the way of repairs to the lines.My general take on insurance is that, on average, the premium will end up being more than the claims reimbursement multiplied by the likelihood of loss (otherwise insurance companies would be in the red), so I only insure against losses that would otherwise be financially crippling.

Then, a percentage is applied to the actual value in order to arrive at the ASSESSED value of your property.Assessed value for residential property = 7.15% of actual valueAssessed value for commercial and business personal property = 29% of actual valueYour ASSESSED value is then multiplied by the current MILL LEVY to arrive at the property tax due.

Then, a percentage is applied to the actual value in order to arrive at the ASSESSED value of your property.Assessed value for residential property = 7.15% of actual valueAssessed value for commercial and business personal property = 29% of actual valueYour ASSESSED value is then multiplied by the current MILL LEVY to arrive at the property tax due.

All of this is multiplied largely when it comes to housing. if you grasp the concept of the change in a gallon of milk you can grasp the change of prices where the gallon of milk will live after its bought. 

Multiply that by all of the loans in your portfolio and it's too much time to spend when you're trying to run and expand a business.