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Operating expenses are the costs that a property owner has to pay to keep a building running, like paying for repairs, maintenance, and utilities. These expenses don't include mortgage payments or taxes but are essential for keeping the property in good shape and functioning smoothly.
A landlord owns an apartment building and has to pay for things like electricity, water, landscaping, and regular maintenance to keep the property in good condition for the tenants. These costs are considered operating expenses.
"Wit & Whimsy with the Dumb Ox: Unlocking Knowledge with Rhyme:"
In the land of buildings tall,
Operating expenses, they do call,
The costs to keep things running right,
For day-to-day and through the night.
A landlord pays to light the halls,
To fix the leaks and paint the walls,
These expenses, they must bear,
To keep the property in good repair.
Operating costs, you see, my friend,
Are needed for a building to tend,
Without them, things would fall apart,
So, pay those bills, and do your part!