Wheelbarrow Profits Podcast: Multifamily Real Estate Investment

Dylan and Mike discuss operating expenses and the future risks of each Key Information: Management Fee= % of Income the property management in. Verify if other fees are included Repairs & Maintenance are recurring maintenance such as turn costs, touchup costs,  etc R&M should be increasing at the rate as the Consumer Price Index (CPI) due to material costs General & Admin (G&A) includes office expenses, computers, technology, golf carts G&A will increase due to your management’s view on technology moving forward Contract Services include trash, landscaping, pest control, and other services Contract services will increase due to increasing wages  Marketing Costs have shifted from being physical ads to technology Payroll includes salary, benefits, turnover costs, and continuing education Payroll will continue to increase because labor markets are continuing to be more competitive Utilities include water, electric, and gas for office, common areas, and vacant units Natural resources continue