Curious how those underwriting sub institutional Multifamily assets are budgeting on a per unit cost for payroll. I’ve spent time underwriting larger projects (200+ unit) but recently starting looking at smaller deals in LA that are rent controlled and range from 25-75 units. Is there a rule of thumb or strategy in budgeting for payroll on these smaller sized properties (many don’t have dedicated leasing offices, etc). Are you budgeting for an on site resident mgr and then simply increasing the property Mgmt fee to compensate for additional expense?
Trending Content - Real Estate Forum
| +43 | What Is Your Backup Plan? | 20 | 10h |
| +39 | Where are free agents signing? | 21 | 16h |
| +35 | AvalonBay Equity Residential Merger discussion | 16 | 14h |
| +34 | Future of Real Estate | 9 | 19h |
| +31 | Laughable Job Posting | 12 | 12h |
| +16 | Extremely Slow Ramp Up | 1 | 1d |
| +14 | In RE, what is the ONE software tool you couldn’t survive without? | 5 | 1d |
| +10 | Dynex | 5 | 1d |
| +9 | Development Budget: use RENTABLE or GROSS BUILDABLE sf? | 3 | 3d |
| +9 | Portfolio Management strategy/transaction exposure on the analyst/associate level? | 1 | 1d |
Career Resources
Aut reiciendis qui architecto quibusdam consequuntur amet quis ipsa. Ratione tempora deleniti qui tempora. Consequatur ipsa aut dolorem excepturi modi et deleniti id. Perspiciatis et amet aliquid.
Ea aut adipisci vel accusamus provident. Quisquam odit suscipit facere modi et fugit earum. Voluptas totam inventore veniam nemo ipsa. Velit aliquid aliquid nihil deserunt rerum. Eum ut ea possimus nobis quam. Harum ipsa ut amet aut ex quia quo.
Nobis voluptate qui et dicta et officia. Dolorem qui laudantium odio maxime rerum autem sed delectus. Aut vero nulla sit rerum sed sunt. Illo consequatur quo aut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...