vacancy expense
- Thread starter crispino
- Start date
- Joined
- Aug 22, 2007
- Messages
- 2,005
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!
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!
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.
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
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
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