Expenses are set at $50,000 + $10,000 per building. The $50,000 is for things like employing the receptionists for the realty company, and various other expenses especially for employees. The $10,000 will be that cost of employing based of the building acquired. It will not just be the employees, but also for utility costs, and so on. With that said, a building must have rent of at least $15,000 to make it worth while, and some profit. Keep in mind, there will be no mortgage attached to the building.
Resoruces, such as telephone numbers, email? addresses, and web addresses will be consolidated into the cost of operation. As long as I will have unlimited subdomains?, I can just add a subdomain for each building, and the email address to the manager will always be building@fsp.homes. The building will also be the same as the subdomain. For example, FSP Tower will be https://tower.fsp.homes, and the email address will be tower@fsp.homes. eFaxing will also be a constant charge no matter hoe many buildings I will have. This will be why I would assume just $10,000 per building.
Very large buildings such as the Tower will cost a lot more than $10,000 for management. The utilities alone can stretch into the tens of thousands of dollars, or even more than $100,000. This is because all of the utilities are included with the rent. This includes telephone service, and basic premium television services. Internet will also have a cost too, as well as electric, water, sewage, and trash – all utilities that most don’t consider. If acquiring a new building, I will have to make sure the math will be worth it. I will not be able to produce a duplicate building for years of savings.
Probably the most significant expense is to acquire an exchange. I will be willing to accept 724, but will prefer 412. When referencing telephone numbers, I will always use the 555 exchange. This cost will be $20,000 assuming for $2 per number in the exchange giveing me 10,000 numbers which is way more than I would ever need, but if I should grow – then the spare numbers will be used rather than acquiring a new exchange.