Property Management
An apartment complex with 200 units has 15 vacant units. The annual per-unit rent is $14,400. What is the annual income lost to vacancy?
A$144,000
B$216,000✓ Correct
C$14,400
D$180,000
Explanation
Income lost to vacancy = 15 units × $14,400/year = $216,000. Using the values given ($14,400), apply the appropriate formula.. The correct answer is $216,000.. This is a common calculation on the Georgia real estate exam.
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