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Updated about 8 years ago on . Most recent reply

User Stats

76
Posts
27
Votes
Taylor Witt
  • Rental Property Investor
  • MN
27
Votes |
76
Posts

Condominium Underwriting for expenses

Taylor Witt
  • Rental Property Investor
  • MN
Posted

I am trying to do underwriting of a group of condominiums that are for sale.  With apartments my initial criteria is taking 50% of the Gross Revenue and that's my crude way of estimating expenses at a quick glance.  For condominiums where the association pays for landscaping, yard work, etc - what is a good, quick way to estimate expenses?

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