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Updated about 4 years ago, 10/20/2020

User Stats

66
Posts
36
Votes
Chatree C.
  • Real Estate Investor
  • San Francisco Bay Area, CA
36
Votes |
66
Posts

How do you manage rental income into maintenance, capex, etc

Chatree C.
  • Real Estate Investor
  • San Francisco Bay Area, CA
Posted
Hi, newbie buy and hold investor here! I wonder what's the best way to manage or bookkeep rental income so I set aside part of the money into profit and future expenses such as maintenance, capex, tax, etc. If I leave money altogether in the same pool, then how do I even calculate cash flow since some future expenses need to be set aside every month. Should I create more than one bank accounts to handle this? Thank you!

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