Mostly utilities such as water, internet and PGE belongs to tenant.
Garbage and sewer belongs to landlord. Santa Clara I see them added in our property tax statements, but do not know about Alemeda county.
I loved the discussion too.
Jil, tomato, Ptiemann, Elt, BAGB, BA_lurker, Harriet and others; You rock!, you are earning some real good karma here!
Late to the party so couldnât get any karma from iron duke.
Worry = Sell. No need any computation. Pure waste of time. Is my 0 cent worth.
Hey - where do you have that spreadsheet - it looks interesting and comprehensive, and i am curious to play with numbers on it.
Can you explain how you get cap rate?
Net rent revenue divided by the purchase price = cap rate
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Emm - so in Jilâs work sheet1, whatâs the net rent ? -$702 or +$171 or we just take $3k? Not sure how he arrives at cap rate of 3.09
First cap rate = 3.09 = =(3000 - 8400/12 - 2400/12 - 195 - 100 ) * 1200 / 700000
Second cap rate = 3.86 = (3000 - 8400/12-600/12) * 1200 / 700000