The portion of
occupancy expense for an office relating to administrative (non-time keeper) staff performing functions for the firm as a whole should not be allocated this way, but rather should be allocated in the manner used for general expenses, as will be discussed in Part 2 of this post.
Occupancy expense could be allocated to a matter first by assigning
the occupancy expense for an office to lawyers resident in the office in proportion to the lawyers» relative individual office sizes.
Not exact matches
Projections involve numerous assumptions such as rental income (including assumptions on percentage rent), interest rates, tenant defaults,
occupancy rates, foreign currency exchange rates (such as the US - Canadian rate), selling prices of properties held
for disposition,
expenses (including salaries and employee costs), insurance costs and numerous other factors.
Corporate
expenses are comprised of compensation
for corporate employees, rent and
occupancy for corporate headquarters and general and administrative
expenses related to our corporate overhead.
Examples of general
expenses include book and electronic library subscriptions, technology infrastructure costs, compensation and benefits
for most administrative staff and
occupancy costs
for administrative staff.
In calculating profits per office, instead of using the two - step method used above
for matter profitability — allocating
occupancy expense first to lawyers then to the office —
occupancy expense could be allocated directly to each office.
If your house is unfit
for occupancy due to a flood, fire, or other reasons, you can claim hotel or bed and breakfast
expenses.
Created detailed budget / actual reporting templates and processes
for $ 20 million annual
Occupancy expense to enable granular visibility to variances and areas of potential cost savings
The New York court requires that divorcing spouses attend a preliminary conference, at which the parties try to decide
occupancy of the marital home, daily care
for any children and payment of
expenses.
Like most people I'm sure, I am looking
for a place where my mortgage will be covered by vacation renters with about 75 %
occupancy or less so that I am making enough cash flow to cover
expenses.
This is primarily because of the low
occupancy in the beginning (which produced negative income
for the first year) and the ultra-high interest
expense on the hard money loan.
Firms are becoming more active in looking
for space, but they also face issues in controlling leasing and
occupancy expenses.
CBRE Healthcare's full service offering has resulted in significant value creation
for our clients through investment,
occupancy, capital
expense reduction and quality improvement.
The Market Survey includes sales, rent,
occupancy, and operating
expense data, together with inferred overall cap rates and gross rent and effective gross income multipliers
for seven core commercial property types including apartments; warehouses and distribution centers; flex / R & D facilities; CBD and suburban offices; and anchored neighborhood and community and unanchored strip retail centers.
The RealtyRates.com ™ quarterly Market Survey includes sales, rent,
occupancy, and operating
expense data, together with cap rates and gross rent and effective gross income multipliers
for seven core property types including apartments; warehouses and distribution centers, flex / R & D facilities; CBD and suburban offices; and anchored neighborhood and community and unanchored strip retail centers.
However, it is also possible that, all else being equal, the higher reimbursement rates
for higher acuity patients will mitigate some of the pressure on cash flow from lower
occupancy, as long as the volume of patient admissions is strong and
expenses (e.g., labor
expenses) do not increase more than the incremental revenue.
As your property manager, our goal is to achieve the highest market value
for your property, while maintaining a high
occupancy rate and keeping your
expenses to a minimum.
The RealtyRates.com ™ quarterly Market Survey includes sales, rent,
occupancy, and operating
expense data, together with cap rates and gross rent and effective gross income multipliers
for seven core commercial property types including apartments; warehouses and distribution centers; flex / R & D facilities; CBD and suburban offices; and anchored neighborhood and community and unanchored strip retail centers.
Volatility in
expenses, income, or
occupancy makes it difficult
for lenders to project underwritten income.
You need to work 60 -70 hours a week full time to do this — with no experience - Need to know how to anlayze property — NOI, Cap rate as well as Income and
Expenses and then projections based on demand -
occupancies etc — It is time comsuming and frustrating — but one deal can make you enough
for one year Rick and Mike are right — Not easy — However — they do not go to local RE Meetings — mostly you meet them at upscale bars or at golf courses --
Topics include tenant trends, expected
occupancy levels, cap rates, interest rates, revenues /
expenses, appraisal value, challenges, and opportunities
for the office sector.