Hassle-free Cashflow Minute Lesson 2: How and WHEN to Use ROI
Hassle-free Cashflow Minute Lesson 4: Operating Expenses
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Transcript of Hassle-free Cashflow Minute Lesson 4: Operating Expenses
Hassle-free Cashflow Minute
Investor Educational Series by Professional Investor / Developer
David Campbell
www.HassleFreeCashFlowInvesting.com©2011 All Rights Reserved
Lesson 4: Operating Expenses
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(from lesson 3)
Net Operating Income (NOI)Adjusted Gross Income less
Operating Expenses
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(from lesson 3)
Adjusted Gross IncomeGross Scheduled Income less
vacancy rate rent concessions
loss to lease
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Operating ExpensesProperty Taxes
Liability / Casualty InsuranceProperty Maintenance
Management: Onsite / OffsiteUtilities: Occupied / Vacant
Landscaping / Lawn CareCost of Entity Maintenance / Annual Filing Fees
Accounting / Tax PreparationReplacement Reserve
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Case Study: operating expenses
$10,560 Adjusted Gross Income- $3,000 property taxes
- $560 insurance- $1,000 maintenance / replacement reserve
- $1,000 property management$5,000 NOI
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David Campbell$500 million of real estate
experience
real estate investor / developer houses / apartments
retail / office / land / resortcondos / condo conversion
financial strategist