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Updated almost 7 years ago,
Rental expenses at Tax Return
There is an official guidelines that yearly repairs and improvements expenses for a rental property should be below 2% of the purchasing price. For example for 100K Douplex we will spend no more than $2000 during the year. To me it looks pretty much reasonable for only repairs part, any bigger project will cost more than 2K. How do you plan your repairs and improvements ? On t