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Updated over 7 years ago,

User Stats

213
Posts
160
Votes
Charles Kennedy
  • Rental Property Investor
  • Philadelphia, PA
160
Votes |
213
Posts

What are your expenses for you property? What am I missing?

Charles Kennedy
  • Rental Property Investor
  • Philadelphia, PA
Posted

Hi BP Community! 

I'm in the process of analyzing some deals and would like to ask current owners what sort of operating expenses they have? I know their is taxes, insurance, landscaping (if not doing it yourself), pest control (I suppose I could have tenant cover this one), and utlities (will definitely pass this on to the tenant). What are other recurring monthly operating expenses are there? 

I realize I should account for basic repairs like sinks/toilets/etc. 

Finally, unrelated, but what system do you use to collect rent from your tenants?

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