When doing your calculations, first determine how much the re- pairs will cost. Then determine what your breakeven occupancy is. Do this by taking the total amount of expenses you have on the property, including your debt service (that is, the mortgage). Then calculate your average market rent and divide the average rent by your total expenses. That’s your breakeven annual rent. Divide that number by 12 and you are now looking at your monthly breakeven rent.
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Redemption - (no access) - [David_Lindahl]_Multi-Family_Millions_How_Anyone_(b-ok.org).pdf, p68
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