ABCDEFGHIJKLMNOPQRSTUVWXYZ
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IncomeExpensesAmount
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RentMangement FeeTypically 10% of monthly Rent
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Late FeesProcurement Fee50% to 100% of 1st months Rent
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Non-refundable DepositsRenewal Fee50% to 100% of 1st months Rent
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LaundryRepairsSet aside 10% of Yearly rent
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VendingMortgage Payment
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CAM/RUBSTaxes
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Application Fees
Insurance
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LawnCan be tenant's responsibility
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Pest Control
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UtilitiesUsually Tenant's responsibility
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Cleaning
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Advertising
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Garbage
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HOA
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Vacancy RateRecommend using 5% of yearly rent
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Legal Fees
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Accounting Fees
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Credit/Background Check
Typically performed by Mgt Company
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Total
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Useful Terms:
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Cap Rate: A cap rate is calculated by dividing the Net Operating Income (NOI) of a property by the purchase price (for new purchases) or the value (for refinances).
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Gross Rent Multiplier: Property Price / Gross Annual Rental Income. (the lower the better)
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Resources:
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Zillow.com
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Realtor.com
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Hubzu.com
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HudHomeStore.com
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Houston County Tax Assessor
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Houston County Superior Court
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Georgia Superior Court
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Zillow mortgage Estimator
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Rentcast.com
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Bibb Co. Tax Assessor
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