Property Management
The 'vacancy rate' of a Louisiana apartment complex is calculated as:
ANumber of vacant units ÷ Total units × 100✓ Correct
BAnnual rental income ÷ Market value
CTotal expenses ÷ Gross income
DOccupied units ÷ Total units × 100
Explanation
Vacancy Rate = (Number of Vacant Units ÷ Total Number of Units) × 100. A 5% vacancy rate on a 100-unit complex means 5 units are vacant.
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