There is a great article over at MultifamilyExecutive.com regarding expected expenses for the year 2010.  If you get a chance, go and take a look at it.

On a more local level, Echelon Property Management has seen that in Michigan, utility costs seem to be rising especially with local municipalities water and sewer charges.

The cost of labor and material still seem to be down compared to the past.

The cost of payroll and overhead should stay  pretty even since the cuts to the employee costs will be offset by increases in fuel, insurance and government taxes, as well as costs like requiring property managers to be lead paint certified.  Recent quotes for insurance shows that Insurance companies are once again charging a premium to write apartment buildings.

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