General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 1 year ago,
Expensive repair bill
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.