T12 Normalization Exercise

Check the boxes for any line you'd remove or adjust before trusting this T12's NOI, then submit to compare against a normalized NOI.

Income

Rental Income$612,000Late Fees & Parking Income$14,000One-Time Insurance Claim Reimbursement$38,000

Operating Expenses

Property Taxes$58,000Insurance$21,000Utilities$34,000Repairs & Maintenance$29,000Management Fee (9% of EGI — well above the 3-4% market rate)$58,400Roof Replacement (one-time capital repair)$85,000Owner's Travel & Entertainment$12,000

Learn the concept behind this tool

Net Operating Income (NOI)T12 Analysis & Finding Financial Leakage