A multifamily unit consists of 10 two-bedroom apartments that rent for $900 per month and 15 three-bedroom apartments that rent for $1,200 per month. The vacancy and collection loss is estimated to be 6%. Management is 5% of effective gross income. What is the annual vacancy and collection loss allowance for this property
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A multifamily unit consists of 10 two-bedroom apartments that rent for $900 per month and 15 three-bedroom apartments that rent for $1,200 ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Which economic indicator demonstrates to the federal reserve that prices are stable from year to year? A) Producer Price Index B) Manufacture Price Index C) Consumer Price Index
Answers (1)
Intense competition in today's fast-paced domestic and global markets has caused massive restructuring of many american industries and businesses.
Answers (1)
What is the term used to describe amounts ima business owes to suppliers?
Answers (1)
Job seekers who lack skills that are demanded by employers are
Answers (1)
As of April 2015, the Fed no longer holds any mortgage-backed securities or federal agency debt securities as assets. O True O False
Answers (1)
New Questions in Business
Jones Co. started the year with no inventory. During the year, it purchased two identical inventory items at different times. The first purchase cost $1,240 and the other, $1,570. Jones sold one of the items during the year.
Answers (1)
The culture of UPS places service to the customer among the company's highest business objectives, which is reflected in their use of information systems to enable customer tracking of their packages.
Answers (1)
Employers bond employees who handle cash receipts because fidelity bonds reduce the possibility of employing dishonest individuals and Deter dishonesty by making employees aware that insurance companies may investigate and prosecute dishonest acts.
Answers (1)
1. A complaint of sexual harassment by a part-time worker in a hardware business was upheld when the Tribunal found that the employer had failed to take sufficient action in relation to the employee's report of inappropriate behaviour.
Answers (1)
Suppose that the government sets a price floor for milk that is above the competitive equilibrium price With the price floor, consumers are willing to purchase the quantity indicated where the price floor intersects the With the price floor, the
Answers (1)