Realtor · Austin, TX · Member since 2016 · 1k+ posts · 1k+ votes
6y
@David Whalen 3% vacancy is nice if that's on par for your market. I would verify that. It is not a bad idea to run 2 models, 1 with appropriate market vacancy for the area and asset type but also when you place a tenant who renews. Important to keep in mind both scenarios are accurate, the former is typical over time but the latter is a better yearly expectation with stable tenants.
Also I see the 5% for maintenance but nothing for Capex, are those major items all fairly new?