Here are some costs that aren’t included in an NOI calculation: In addition to considering what you need to include in the total operating expenses, you’ll also need to know what to exclude. Some operating expenses that you’ll want to include: Not all properties will have this additional income, but for those that do, it’s essential to include this in your calculations.Īs with income, it’s important to add up all the expenses for a potential property so that you can know how much it costs to own the property and arrive at an accurate NOI number. This includes parking fees, laundry machines, vending machines, or other service fees associated with renting the units.
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