REAL-ESTATE-FUNDAMENTALS5 MIN READ
Sort Above and Below NOI
Classify common property cash-flow lines by their treatment relative to NOI.
Sort each line by how it should be treated in a real-estate operating model. NOI operation Capital expenditure Financing item Owner tax/accounting Recurring plumbing and unit repairs Property taxes paid by the owner Third-party property management fee One-time full roof replacement Tenant improvement allowance for a new lease Mortgage principal and interest payment Loan refinance fee Depreciation from the owner's tax schedule Investor income tax on distributions
Read the full lesson
Sign up free — one personalized lesson every day, matched to your role and goals.
Already have an account? Sign in