Property Management
A 'vacancy rate' for a NC rental property is calculated as:
AUnits occupied / total units
BUnits vacant / total units x 100✓ Correct
CGross rent / market rent
DOperating expenses / gross income
Explanation
Vacancy rate = (Vacant units / Total units) x 100. A 5% vacancy rate on a 20-unit building means 1 unit is vacant on average.
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