Standard Expenses for Apartment Complex:

  • administration
      • advertising & marketing
      • leasing (commissions)
      • onsite staff payroll (sometimes split among relevant categories as in "maintenance, payroll")
      • management fees (usually around 10% for the 3rd party company)
      • office, onsite
      • telephone
      • bookkeeping or offsite office expense
      • legal and accounting fees (also called professional fees)
      • licenses & permits
      • miscellaneous, (postage, copier lease, etc.)
  • utilities
      • Water & sewer
      • Gas
      • Cable TV
      • Electric
      • Heat & hot water (if not electric)
      • Trash disposal
  • maintenance
      • Decorating
      • Cleaning
      • Repairs
      • Supplies
  • grounds and landscaping
  • insurance
  • real estate taxes
capital replacements and reserves for replacements  (On average $250/year per unit)

 

 

 

 

 

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