All Forum Posts by: Adam Murray

Thanks for the replies guys. all of it helps and Michael addressed some of the little things I was curious about as expenses at I think of as out of sight and out of mind.

Originally posted by @Michael Albaum:

- Turn reserves (I like to have at least $750 in the bank for a turn)

Other than that, depending on whether or not a property is held in an LLC or not, I may add an additional LLC fee of $800/yr (since I live in CA) and I will also usually throw in an additional $200 in accounting expenses. The nice thing is that as I grow my portfolio, the LLC fee and accounting gets split up amongst multiple properties so on a per property basis it becomes less expensive.

Hopefully this helps, but feel free to reach out with any additional questions.

Great stuff and thanks for the help.

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I wanted to start this off with asking everyone what list they use to plan for expenses on their rental investments. Basics like planning for taxes, insurance and destructive tenants are on every list but I am struggling to find a list that has all those granular details of things like CPA and accounting costs, Lawyer fees, Leasing commissions paid to property management if its not built into a flat fee and so on. Any and all items we can add to this list would be great.

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All Forum Posts by: Adam Murray

Adam Murray has started 1 posts and replied 2 times.

Post: All in One List for Rental Property

Post: All in One List for Rental Property