Bookkeeping and category help

[Matthew W.]

Hello, We are a property managing company that rehabs and rents our own properties. I am confused when I comes to the categorization of some items. First Repairs/Maintenance and capital expense, from what I found around on the internet when you are doing a rehab/project all of the expenses from those are capital expenses. So basically anything that involves making the place look nice and a water heater replacement would be a capital expenses not a repair/maintenance category, thanks.