Residential budgeting with Kardin precision.
What is Kardin Budget for Multi-Family?
- Kardin Budget for Multi-Family gives you access to an accurate reporting package with audit trail while reducing the possibility for user error.
- Kardin is your robust calculator, purpose-built to create budgets and perform reforecasts throughout the year.
How Kardin Budget helps
While Commercial budgets are based on adding up all the rents for all tenants, Multi-Family budgets starts with Gross Potential Rent and it is chipped away by subtracting:
- Loss to Lease — Difference between Market Rent and Actual Rent
- Non-Rentable Units
- Bad Debt
The other driver of a Multi-Family budget is the occupancy, which in turns drives all revenue projections as well as turnover cost associated with tenants moving in and out.