S. FL Cap Rates

[Kevin Kohler]

Hi BP!

I am trying to better gauge my options when looking at multi-family housing (4+ units) and am trying to see my options on how to analyze the deal best. For example, some properties on loopnet will disclose current NOI or list the gross, the expenses, and other variables...but how much salt should I throw on those numbers?

• What is a good cap rate in south florida? 
• Should I care about cap rate? 
• How much should I pay for property mgmt for multifamily?
• how much should I put aside for occupancy gaps or repair contingency?

Thanks and have a SAFE and HAPPY New Years!