Good afternoon,
I work for a property management company that does not use property management software; we only use Excel to record rents, etc.
I created a formula in our glossary that searches all base rents for the maximum base rent per unit type =MAX(IF(C$8:C$218=21,F$8:F$218)). I also created a formula in the market rate column that states if this unit is this type, return this dollar as the current market rate for all of these unit types =IF(C8=21,$H$235)+IF(C8=22,$H$236).
Here is where I am having an issue:
In one of our regions, we can charge a temporary additional occupant fee of let's say $150 per month. Should the base rent plus the $150 now exceed the highest market rate for this unit, the market rate should not change for this temporary increase in market due to this fee. When we have an additional occupant, the base rent cell reads base rent + additional occupant fee.
Is there a formula that I can add to the ones above that will exclude the value of cells with two numbers being added together? Or is there a better work around?
Thanks so much,
Kathryn
I work for a property management company that does not use property management software; we only use Excel to record rents, etc.
I created a formula in our glossary that searches all base rents for the maximum base rent per unit type =MAX(IF(C$8:C$218=21,F$8:F$218)). I also created a formula in the market rate column that states if this unit is this type, return this dollar as the current market rate for all of these unit types =IF(C8=21,$H$235)+IF(C8=22,$H$236).
Here is where I am having an issue:
In one of our regions, we can charge a temporary additional occupant fee of let's say $150 per month. Should the base rent plus the $150 now exceed the highest market rate for this unit, the market rate should not change for this temporary increase in market due to this fee. When we have an additional occupant, the base rent cell reads base rent + additional occupant fee.
Is there a formula that I can add to the ones above that will exclude the value of cells with two numbers being added together? Or is there a better work around?
Thanks so much,
Kathryn