Lease-Up of Renovated Units: Rent Uplift, Vacancy During Works & EGI by Month
This lesson is part of the course
In this lesson
You track the building month by month through the works – classic units still let, units in works, renovated units waiting for a tenant and renovated units let at the premium – and turn that into rent income and effective gross income for the year.
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Lessons in this course
- Unit Mix & In-Place Rents: The Rent Roll and the Gap to Market Locked
- Renovation Scope: Cost per Unit, Rent Premium & Return on Cost Locked
- The Turn Schedule: Lease Ends, Downtime & Units per Month Locked
- Lease-Up of Renovated Units: Rent Uplift, Vacancy During Works & EGI by Month Locked
- Operating Expenses: Per-Unit, Fixed & % Lines, Expense Ratio and NOI Uplift Locked
- Value Creation: NOI ÷ Cap Rate, Yield on Cost & Value Added Locked
- The Refinance: LTV and DSCR Limits, Cash Returned & Equity Left In Locked
- Hold-Period Returns: IRR, Equity Multiple, Sensitivity & the Cash Flow Chart Locked