The Real Estate Encyclopedia
What Is An Operating Budget?
Category - Home Ownership Questions - Lease & Renting FAQ's

An operating budget is based on the anticipated revenues and expenses deriving from a rental property.  Either the landlord or the property manager is responsible for developing the operating budget and it should reflect the owner’s long-term goals. 

 

The budget will allocate funds for fixed expenses, such as property taxes, insurance, utilities or maintenance services not paid for by the tenant.  The budget also establishes a cash reserve fund for variable expenses, such as repairs and supplies. 

 
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Home Ownership Questions - Lease & Renting FAQ's
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