Session 2 PromptsĀ
Projected Insurance Expense
Research typical annual property insurance expense per unit for apartment properties in the Denver Metro area for appraisal purposes. Prioritize recent Denver/Colorado multifamily operating benchmarks, offering memoranda, and actual property expense data. Supplement with credible national multifamily benchmarks if needed. Report the range, average, median, and recommended stabilized insurance expense per unit per year, and briefly explain the conclusion.
Projected Utilities Expense
Research typical annual utility expenses per unit for apartment properties in the Denver Metro area for appraisal purposes. Prioritize recent Denver/Colorado multifamily operating benchmarks, offering memoranda, and actual property expense data. Supplement with credible national multifamily benchmarks if needed. Report the range, average, median, and recommended stabilized utility expense per unit per year, and briefly explain the conclusion.
CAM
Research typical annual CAM expenses per unit for apartment properties in the Denver Metro area for appraisal purposes. Prioritize recent Denver/Colorado multifamily operating benchmarks, offering memoranda, and actual property expense data. Supplement with credible national multifamily benchmarks if needed. Report the range, average, median, and recommended stabilized CAM expense per unit per year, and briefly explain the conclusion.
Repairs and Maintenance
Research typical annual repairs and maintenance expenses per unit for apartment properties in the Denver Metro area for appraisal purposes. Prioritize recent Denver/Colorado multifamily operating benchmarks, offering memoranda, and actual property expense data. Supplement with credible national multifamily benchmarks if needed. Report the range, average, median, and recommended stabilized repairs and maintenance expense per unit per year, and briefly explain the conclusion.
Administrative and General
Research typical annual administrative and general expenses per unit for apartment properties in the Denver Metro area for appraisal purposes. Prioritize recent Denver/Colorado multifamily operating benchmarks, offering memoranda, and actual property expense data. Supplement with credible national multifamily benchmarks if needed. Report the range, average, median, and recommended stabilized administrative and general expense per unit per year, and briefly explain the conclusion.
Management Fee
Research typical annual management fee expenses as a percentage of revenue for apartment properties in the Denver Metro area for appraisal purposes. Prioritize recent Denver/Colorado multifamily operating benchmarks, offering memoranda, and actual property expense data. Supplement with credible national multifamily benchmarks if needed. Report the range, average, median, and recommended stabilized management fee expense as a percentage of revenue, and briefly explain the conclusion.
Replacement Reserves
Research typical annual replacement reserve expenses per unit for apartment properties in the Denver Metro area for appraisal purposes. Prioritize recent Denver/Colorado multifamily operating benchmarks, offering memoranda, and actual property expense data. Supplement with credible national multifamily benchmarks if needed. Report the range, average, median, and recommended stabilized replacement reserve expense per unit per year, and briefly explain the conclusion.
