Question
The gross potential rent of an apartment complex is $1.2 million, tenant late fees are $50,000, the vacancy rate is 5% and the operating expense
The gross potential rent of an apartment complex is $1.2 million, tenant late fees are $50,000, the vacancy rate is 5% and the operating expense margin is 45%. What is the net operating income (NOI) of the complex?
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Public Finance A Contemporary Application Of Theory To Policy
Authors: David N. Hyman
5th Edition
0030113172, 978-0030113178
