Expense Management Guidelines

Controllable Line Items                                  % of Gross Revenue

Payroll                                                                                      30-35%
Advertising and Marketing                                                           4-6%
Office and Postage                                                                         2%
Utilities ($2.25 per sq. ft.)                                                             7-9%
Cleaning (Housekeeping supplies)                                                1-3%
Repairs and Maintenance                                                              6-8%
Administrative / Accounting Service and Support                             2-4%
Legal and Professional Fees                                                          2-4%
Licenses and Other                                                                         1%
SUBTOTAL                                                                              55-72%

Fixed Expenses

Debt Service or rent                                                                 14-16%
Property Taxes                                                                            3-4%
Insurance                                                                                   3-4%
 SUBTOTAL                                                                             20-24%
Capital Improvement Reserve                                                  3-5%

Total                                                                                      78-101%

 

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