@mannyawasom: Same 3%. Not the same dollars. How to grow expenses in a multifamily pro forma: 3% of $5M is $150K. 3% of $2.2M is $66K. Why it matters: Same percentage, different dollars. Which expense line in your pro forma is still on one blanket rate? 🎓 FREE MSA Deal Room every Saturday 9:00 AM PT 📍 msadatainsights.com/dealroom 🏢 See how XSITE Capital underwrites its deals: xsitecapital.com #multifamily #underwriting #realestateinvesting #commercialrealestate #apartmentinvesting #operatingexpenses #proforma