vacancy expense

DonCampbell

Investor, Analyst, Author, Philanthropist
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REIN Member
Aug 22, 2007
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www.donrcampbell.com
#2
Hi,

Your question leaves a lot of questions. We`re not really sure what you`re asking... however:

If you are asking how to discern what vacancy expense to use in your pre-purchase analysis, I recommend you take the CMHC vacancy rate for the area and double it. Take your rent multiply it by this percentage. That will give you your annual `rental vacancy expense`. If you are analyzing your property on an annual basis, use this number, if you are analyzing it on a monthly basis divide this number by 12.

Trust this helps!
 

crispino

New Forum Member
Registered
Oct 10, 2007
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#3
QUOTE (DonCampbell @ Oct 12 2007, 08:41 AM) Hi,

Your question leaves a lot of questions. We`re not really sure what you`re asking... however:

If you are asking how to discern what vacancy expense to use in your pre-purchase analysis, I recommend you take the CMHC vacancy rate for the area and double it. Take your rent multiply it by this percentage. That will give you your annual `rental vacancy expense`. If you are analyzing your property on an annual basis, use this number, if you are analyzing it on a monthly basis divide this number by 12.

Trust this helps!


How do I get the CHMC vacancy rate for the area.. I went on the website but can not find it.
 
R

RussellWestcott

Guest
Guest
#4
Howdy, a Google search reveals a wealth of information.

If you want you can drill right down and see if there is some specific information on the area you are looking at. Try Google`ing "Vacancy rate in <<insert your area>>" see what comes up and modify your search criterias from there.

Google search of CMHC vacancy rates

CMHC Forecast and Analysis

Click on the link called - Rental Market Reports — Major Centres

Have fun