Revenue
Goal of Maximum Rents achieved if 100% occupied
What is Gross Market Rent?
Largest Controllable Operating Expense
What is Payroll?
This term describes the cost to prepare a unit for a new resident after move-out
Codes that are used for Deferred Maintenance
What are the 6000s & 8000s?
The three categories of Revenue
What are Rental Income, Other Income, and Utility Recovery?
Typical month for merit increases
What is March?
Tools used to assist in predicting maintenance costs.
What is the T12 and Budget Comparison?
Costs associate from leases received from Apartment List or Zillow are known as
What are ILS Pay Per Lease?
Predicting Tool that is also used a the starting point for the new budget
This negative income is due to past due rental balances?
What is bad debt?
Payroll taxes, Insurance, worker's comp, etc. are all a part of this
What is Burden?
Lightbulbs, face plates, batteries, filters, etc. go into these respective categories
What are Supplies?
This cost may be included when hosting resident events or community outreach.
Tool to track past utility spends & predict future spends
What is the Conservice Budget Tool?
Utility Income is also known as
What is Recovery?
Recurring Expense that doesn't change Month over Month
What is a contract expense?
Make Ready Costs are budgeted based on this
This recurring cost includes licensing or subscriptions for accounting, leasing, or property management software.
What are Software Costs?
Average occupancy for DFW in 2025
What is 88.5%?
Difference between market rents and in place rents
What is LTL/GTL?
Top 3 items that fall under contract services
What are landscaping, Fire/Office Alarm, Office Cleaning?
This is the average cost range you might budget per unit annually for ongoing maintenance
What is $300-$500/unit for a stabilized asset?
Office Utilities that fall under General Admin and not Utility Services
What are telephone and internet services?
Financial Marker to notate property monetary performance
What is NOI (net operating income)?