Updated almost 4 years ago on . Most recent reply
Debit Management Fees from NOI or not?
I can argue both sides. Should someone "running the numbers" of a multifamily property include management fees when determining NOI to determine cap rate?
Professional management is optional and has a fixed cost/percentage.
Self management is "free" - it has a cost but less tangible than hired management.
If someone is trying to do multifamily BRRRR math do you include management cost in your NOI?