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how much money do apartment owners make?

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  • how much money do apartment owners make?


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Answer #1 | 23/12 2013 08:56
No way to know! How many employees to they have? What is the property tax rate? How much do the spend on landscaping and maintenance? How much do the pay for utilities? Insurance? Advertising? Income taxes? What is the occupancy rate?
Positive: 100 %
Answer #2 | 23/12 2013 08:56
Gross income is $48,000 monthly. Without knowing what is included in the rent (water, electricity, laundry rooms, cable, etc.), cost of upkeep (general maintenance, landscaping, etc), and knowing how much the property taxes are, unknown what the pre-mortgage net would be. And of course, your post-mortgage net would be based upon the sales price of the complex, how much you could put down, length of mortgage and interest rate.
Positive: 50 %
Answer #3 | 23/12 2013 08:58
30 X 400 is 12,000 a week. That's 624,000 a year
Positive: 0 %
Answer #4 | 23/12 2013 08:56
If the rent is 400 a week and there are 52 weeks in a year, then each unit is paying 20,800 dollars a year in rent times 30 units would be about 630,000 dollars in rent a year now if the taxes are about 50,000 and the mortgage is about 1,200,000 (which would cost about 500,000 a year at 4.25%) then the 'profit' would be about 80,000 a year less expenses to keep up the building (say about 40,000) so the full profit is 40,000 which is taxable. The benefit comes in raising the rent EVERY year, so that you can have a fixed mortgage and still raise the rent. The bad thing is chasing after the renters and incurring expenses for non rented units or deadbeats who delay inpaying you rent. The fix to this is a late rent fee of say $125 if the rent is paid ten days late. That helps offset the problems there.
Positive: 0 %
Answer #5 | 23/12 2013 09:25
probably nothing in fact this is a very good way for people with high incomes to minimize their tax load with the loss they will incur with rentals
Positive: 0 %

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