Sentences with phrase «vacancy factor»

The phrase "vacancy factor" refers to the percentage of empty or unoccupied units or spaces in a particular property or area. It helps measure the availability or lack of tenants or occupants in a given location. Full definition
Total GLA for retail space in Hawaii is 15.5 million sq. ft., with an overall vacancy factor of about 6 percent, according to Fridley.
Consistently increasing property values and dramatically increasing monthly lease rates while maintaining a low vacancy factor through successful property purchase and rehabilitation efforts
Denver uses varying vacancy factors for its jurisdictions.
Boyle says that for FHA loans, different jurisdictions have their own vacancy factor that reduces the amount of rent that can be added to the borrower's qualifying income.
Are not realistic with their pro forma's (i.e. they don't include vacancy or maintenance projections or use unrealistically low vacancy factors)
If you live in of those places, you should try to buy as many properties as the bank and ur income will allow and make them generously cash flowing (after mort, taxes, insurance, expenses, vacancy factor).
For the purposes of calculating NOI, the vacancy factor can be calculated based on current lease expirations as well as market driven figures using comparable property vacancies.
According to HUD, all HOCs, with the exception of Denver, use a vacancy factor of 15 percent.
The lender will insist on including a percentage of gross rents as operating expenses to cover the vacancy factor and collection loss.
The calculation is made by taking the appraiser's estimate of fair market rent from all units, including the unit chosen by the borrower for occupancy, then subtracting the appraiser's estimate for vacancies or the vacancy factor used by the jurisdictional Home Ownership Center (usually this is about 25 percent).
Property management fees like one month's rent for lease up is pretty standard, that's why when you buy an investment property, make sure you include a 10 % vacancy factor and a 10 % property management factor to cover these types of situations.
«We now do a complete market survey as a check against the preprinted survey from the seller side, including sale and lease comps, and vacancy factor and trend analyses,» Pipgras says.
So obviously as a long term investor I wouldnt buy in a city where people are leaving as it would increase the vacancy factor and rents would decline if it continued.
Vacancy factor - An allowance or discount for estimated vacancies (unrented units) in a rental project.
The greater the number of units, the higher chance they can reduce their vacancy factor and generate more cash flow.
Due to the vacancy factor in the Charlotte Apartment Market, we have been successful in offering, «One Month Of Free Rent With A 13 Month Lease Special.»
What kind of vacancy factor should be used?
Also including a 25 % vacancy factor.
Net Operating Income: A property's gross income (scheduled rents and 100 % vacancy factor) less its total annual expenses (including management costs, utilities, services, repairs, a vacancy factor and a credit loss factor) plus any additional other income (vending machines, coin laundry operations, etc.).
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