Richmond Data Project

[Ed Osowski]

We (Dobrin Homes) are currently working to benchmark local expense data for both single and multi-family properties. To do that, we're attempting to gather raw data showing what the typical investor actually pays for things like maintenance, property management, utilities, etc. 

We'd like to determine the ranges and averages of typical expense categories (maintenance, property management, utilities, etc.). The data will be specific to the  VCU area over approximately the past year. 

Dobrin is offering to crunch the numbers, as well as contribute income and expense data for the 110 units we own. If anyone is interested, we'd ask they share income and expenses, number of units/beds, and at least a general location of the property. It's fine if participants don't want to share exact addresses. 

We'll share the end product with all participants. If we get enough data, we'll break down the average expenses by neighborhood. We'll also gather all the raw data in a spread sheet so others can perform their own analysis. It will be interesting to see if concentrating on a small area and time frame changes the assumptions we all make regarding expenses.

If anyone is interested in participating in this exercise you can contact me via email ([email protected]) or in this thread.