Essential Information To Include In Your Rent Increase Letter

NOI presents the full money a house provides after subtracting running expenses but before deducting fees, mortgage funds, or other financing costs. It essentially actions the property' ;s capability to make revenue from its procedures alone. For example, rental increase letter if a house makes $100,000 in rents and incurs $30,000 in functioning expenses, its NOI could be $70,000.