Accounting and Legal Fees for Multifamily Pro forma

Accounting and Legal Fees for Multifamily Pro forma

Real Estate Consultant · Washington, DC · Member since 2017 · 15 posts · 8 votes

I'm setting up a pro forma for a multifamily acquisition and was just curious what type of ratio you all use when projecting accounting and legal fees in your analysis? I've been using Costar's underwriting reports to get per/sf averages for sub-market operating expenses, but I've quickly discovered that they can be WAY off. Legal and accounting aren't even included in them anyway, so I've been using the more traditional operating expense ratios for my analyses. Thanks for the help!

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  • Real Estate Consultant · Camarillo, CA · Member since 2010 · 2k+ posts · 1k+ votes
    9y

    We use $250 per door for the general admin category which includes legal, accounting, office supplies, etc.

  • Real Estate Consultant · Washington, DC · Member since 2017 · 15 posts · 8 votes
    9y

    Ok great. Thank you @Jeff Greenberg. 

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