Multifamily Apartment Budgeting: Month to Month Premium
July 31, 2012
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As for budgeting month to month fees; I would use twelve months of history as a way to forecast the future.
As for budgeting month to month fees; I would use twelve months of history as a way to forecast the future.
Is Your Apartment CapX Budget is Over Again.
Have you ever heard the saying, “splitting hairs” or the “law of diminishing returns”?
Whether it be personal bonding, a special event, or special recognition, taking a little time out for play during a tough month, week or even day, is a necessity.
We are working out way down the Other Income vertical in our budget series and today we are going to explore Legal/Collections.
From time to time people vacate apartments and believe it or not they leave the space damaged. It could be anything from a cigarette burn
What is an insufficient notice fee? Simply put, it’s an acceleration of rent due for giving a notice that does not meet the necessary lease protocol.
What are lease termination fees? The fee is applied if a current resident decides to break their existing lease contract prior to the lease end date.
In the absence of a simple timeline you get chaos. You get the finger-pointing. You get he said and she said and they said and we all said – time-sucks. It’s exhausting and it usually involves the highest of pay grades to solve.
Hope your Tuesday is off to a good start. I am still in the vein of Other Income as I venture through these budget installments.
