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Detail expenses by property

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This section will allow you to enter all the expenses generated by the property. You'll find 2 types of expenses: Recurring and Fixed Expenses.
Recurring expenses are fees that have to be paid on a yearly basis.
On the other hand, Fixed Expenses are major renovations planned for the property; usually a one time expense like fixing the roof.
  1. Recurring Expenses
    (Yearly expenses)
    2.  By clicking Detailed Recurring Expenses, this will allow you to enter detailed information about the yearly expenses. We also give you the opportunity to either enter the annual charge of the expense or a fixed percentage of the Effective Gross Income. By clicking Add, you can add as many expenses as you feel necessary.
  2. Fixed Expenses
    (Expenses that only occur once: parking, rooftop, major repairs, etc.)
    3. Simply indicate the renovation's description, the scheduled date and the estimated (or accurate) cost of this expense. If the expense is scheduled within the next five years, it will have an impact on the Financial Forecast.
  3. Adding New Expenses
    4.  You can add as many expenses as needed; an extra box will be added every time a new expense is saved.
  4. Deleting an Expense
    5.  You can delete an expense by clicking on the red X at the end of the row.
  5. Obtaining the total amount of expenses
    6.  To obtain your total of the entered expenses and the percentage of the Operating Expenses, simply click on the calculator at the bottm of the page.
  6. Save
    7.  Click on Save to save your new information. If you click on the arrow, the data will be automatically saved and you will be moved to the next window.
Mots clés::  add ,  delete ,  expenses ,  fixed ,  recurring ,  new