Expensive repair bill

[Chris Wilkening]

Hey all,

So I have a plumping bill coming that will be fairly expensive.

Currently I have two SFH rentals and a checking account for each property. The property receiving the bill does not have enough to cover the expense.

I’m curious how to best pay for this. The other property’s account does have enough to cover it. My personal income/savings could also cover it.

What is the best strategy? I just don’t want to end up in a bad situation come next tax season.

Thank you.

[Theresa Harris]

At the end of the day, it is all your money.  Use whatever account you think is best to pay for it.