Real Estate Glossary

What is Operating Expenses?

Operating expenses are the ongoing costs associated with owning or operating a property, such as property taxes, insurance, utilities, and maintenance. These expenses are typically separate from the cost of purchasing the property and the cost of financing it. In commercial real estate, operating expenses are used to determine the overall expense of operating a property and to compare the costs of different properties.

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Beycome Family of Companies: Beycome Mortgage LLC provides home loans; Beycome Brokerage Realty LLC, Beycome Brokerage Realty Inc., and Beycome of Florida LLC provide real estate services; Beycome Title of Florida LLC provides title insurance services. These are separate entities under Beycome Corp., each governed by its own management as required by law, but all owned by the same individuals, forming a business relationship.
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