To calculate vacancy allowance, you need to first determine what the vacancy rate of similar buildings are. Once you have completed this research, you should have a estimated vacancy rate, say 10%. This means that on average the buildings will always be about 10% vacant.
Next, you determine your scheduled income. Then you multiply your scheduled income by your vacancy rate. This is your vacancy allowance, in dollars. Finally, you can make one additional calculation to get effective gross income. In order to do this, you subtract your vacancy allowance in dollars from your gross scheduled income.
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