you have 10 vacant units open three 1 bedrooms renting for $800 a month, six 2 bedrooms renting for $1050 a month and one 3 bedrooms renting for 1475 a month, what is your monthly rental loss if you do not rent these units?
I got an answer and coming up with 11,525.
Thank you!
2400 + 6300 + 1475 = ?
I got a different answer.
thank you very, very much!
i got it!
Yay!
You are very welcome.
To calculate the monthly rental loss if you do not rent these units, you need to multiply the number of vacant units for each type of apartment by the monthly rent and then sum up the values.
For the 1-bedroom apartments:
Vacant 1-bedroom units = 3
Rent per 1-bedroom unit = $800
Rental loss for 1-bedroom apartments = 3 * $800 = $2400
For the 2-bedroom apartments:
Vacant 2-bedroom units = 6
Rent per 2-bedroom unit = $1050
Rental loss for 2-bedroom apartments = 6 * $1050 = $6300
For the 3-bedroom apartment:
Vacant 3-bedroom units = 1
Rent per 3-bedroom unit = $1475
Rental loss for 3-bedroom apartment = 1 * $1475 = $1475
Now, to find the total rental loss, you sum up the individual rental losses for each category:
Total rental loss = Rental loss for 1-bedroom apartments + Rental loss for 2-bedroom apartments + Rental loss for 3-bedroom apartment
= $2400 + $6300 + $1475
= $11,175
Therefore, if you do not rent these units, your monthly rental loss would be $11,175.