The categories
| Category | Examples | Counts in NOI |
|---|---|---|
| Repairs | Repairs and maintenance work. | Yes |
| Utilities | Water, heating, electricity and waste for the building. | Yes |
| Insurance | Building and liability insurance. | Yes |
| Property tax | Grundsteuer, council tax, property tax. | Yes |
| Management | Management fees, Hausverwaltung fees. | Yes |
| Cleaning | Cleaning of common areas. | Yes |
| Landscaping | Gardening, tree care, snow clearing. | Yes |
| Mortgage interest | Interest on the property's loan. | Yes |
| Capex | Improvements that add value: a new roof, new windows, a refurbishment. | No |
| Legal | Lawyers and court costs. | Yes |
| Marketing | Listing ads, photos, letting agent fees. | Yes |
| Other | Anything else. | Yes |
NOI on the Operations tab is income collected minus every expense except capex. See The Operations tab.
Choosing well
- Use capex for investments that last for years, so NOI shows the running performance of the property.
- Use the category that matches how your owners and your accountant think about the cost. Owner statements show expenses by category.
- Mortgage interest is an expense like the others, so NOI in EasyHaus is after interest. Leave interest out if you compare NOI with figures that exclude financing.