Request for resource: Rental Property planning templates
I am building a business plan for multi-family homes, and am wondering if anyone has a good document that would be a good guide to common expenses and considerations. Either a doc or resources you’ve found to be comprehensive. Thank you!
[{"id": "g9eq8zi", "text": "Read an offering memorandum to start, thats what all investors look at when purchasing property, as well as P&amp;L statements. Than just view some templates online. ACRE real estate has free excel investment templates that have all the information needed for any scale of investment. Everyone's level of detail can be different.", "replies": [{"id": "g9eqhl0", "text": "Thank you for the tip and resource - dan you link ACRE domain? There are a few options", "replies": [{"id": "g9es3eb", "text": "https://www.adventuresincre.com/re-modeling/", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "g9fdj13", "text": "Common expense assumptions are very local. Try to request some opex on existing properties for sale as r/urlocaldrugdealer mentioned. You should also scour any multifamily appraisals you can get your hands on for information.", "replies": [], "depth": 1}]