Property Management
A Wyoming property manager's annual operating budget for an investment property should include:
AOnly regular maintenance and utility costs
BAll anticipated income and operating expenses including reserves for capital expenditures✓ Correct
COnly debt service payments
DOnly vacancy and credit loss estimates
Explanation
A comprehensive operating budget includes all income items (rents, other income) and all operating expenses (taxes, insurance, utilities, maintenance, management fees) plus reserves for capital expenditures (roof replacement, HVAC systems). Reserves prevent underfunding of major future repairs.
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