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Updated about 10 years ago on . Most recent reply

User Stats

367
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78
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Arthur Banks
  • Real Estate Investor
  • Waukegan, IL
78
Votes |
367
Posts

What is this 'Other' expense field in the Rental calculator?

Arthur Banks
  • Real Estate Investor
  • Waukegan, IL
Posted

I've used the Rental calculator quite a few times and either I never noticed it or I've added something today and can't figure out what.  But there is an 'Other' expense of $100 that I can't figure out where it's coming from.

Looking at the Landlord-Paid Expenses field I have figures for Garbage, Insurance, Vacancy, Repairs, Cap Ex and PM.  What the heck am I missing???  It's probably something obvious and I'm just overlooking it in my haste to get these numbers.  The property came back on the market (just as I figured/hoped) and I'm unprepared. SMH

Also, I can't enter $0.00 for Estimated Repair Cost. There will be some paint and cleaning but out of curiosity I tried to enter $0 suggesting move in ready but the minimum I could enter was $1.  Anyone seen this?

EDIT: For grins I threw the numbers in the Wholesale calculator and no 'Other' expense. ???

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