Apartment housing is not a discretionary item like hotel rooms are.

I only consider fire and water flood an emergency(a snake once too), most items can wait until I call the owner and get an approval anytime there is a repair.

Every month ask your PM when you get your operating statement what the charges are, and why the items are breaking and continuing to be replaced.  

Also, lots of vacation home owners from up north which is a good reason to also add out of state absentee owners to your business model. 

Bob -- Sorry, I didn't see your request for the calculation, but here is how it is calculated:Capitalization Rate = Net Operating Income / Purchase PriceNOI = Total Operating Income - Total Operating ExpensesPurchase Price = The price paid by the investor for said property.You can see the exact breakdown and each line item by clicking on the Orange Button under the thumbnail photos.Please note that these cap rates are calculated using the property's income and expenses to derive its 1st year financial performance. 

Everyone one of these items are negotiable and in the end your looking for mutual ground.

I like individual pieces as the quality and speed is so much better.Also if you have an issue with one item breaking then it doesn't affect everything potentially like an all in one does. 

A lease agreement is a bilateral contract between landlord and tenant if the lease says rent is due on the first and late on the third and we do not enforce those late fees on the fourth and start the eviction process as stated in our agreement then technically we are in breach of contract first and not the tenant and we voided the contract before the tenant did.Again maybe that is just in Texas and does not apply in your area or your business model.

The health inspector is there because the tenant wants the items taken care of.

Each of the Fujitsu units were different sizes and models.