Avatar's Blog

» Finding the Net on Apartments

Posted on 1/25/2006

Calling all apartment building owners! I am gathering info from owners around the country. Tell me the average overhead cost of your apartments in your area. Here's what I want you to do:

  • Calculate your gross income per annum
  • Add up all the expenses of the operation per annum
  • Divide the expenses by the gross
  • Divide that by the number of apartments

What you'll have the is operating expense expressed in a percentage per apartment per year. So - investors (with inquiring minds) around the nation want to know: how does my property stack up? Am I spending MORE than the average percentage per apartment, less, or about the same?

Email gillian@avatarfinancial.com Thanks!

Posted in Commercial Real Estate News