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Gain a comprehensive understanding of the economics of operating a multifamily residential investment property—and the principles of budgeting and accounting to effectively plan and manage a property’s finances. Topics include net operating income, cash flow, and cash-on-cash return; valuation methods; rent collection; security deposits; vacancy; budgeting and planning; operating and capital budget development; and replacement reserves. We also discuss financial reporting, variance analysis, accounting and record keeping, accrual versus cash accounting, cash management, financial audits, debt financing, loan-to-value, debt coverage, payroll, repairs, supplies, advertising and leasing costs, legal expenses, property taxes, cost recovery deductions, purchase orders, bill payment, Form 1099, and insurance.
http://www.sps.nyu.edu/content/scps...959