Which statement about operating expenses is true?

Operating expenses in real estate encompass a wide range of costs associated with managing and maintaining a property. The correct statement indicates that operating expenses can include both regular and periodic expenses. Regular expenses are those that occur consistently, such as property management fees, utilities, and routine maintenance costs. Periodic expenses, on the other hand, are less frequent but still essential for the property's upkeep, like major repairs or renovations.

This comprehensive view of operating expenses allows property owners and managers to effectively budget and plan for both predictable ongoing costs as well as occasional larger expenditures, ensuring that the property remains functional and appealing to tenants or buyers. Recognizing that both types of expenses contribute to the overall financial health of a property is crucial for effective property management.