Hi All,One issue of contention over the years I've found is tenants using the hallways as personal storage.Typically when I leave a note/ ask the items do not leave or return eventually.

Net profit $28k.I happen to love condos/townhomes because I am not responsible for exterior items such as roof, siding, landscaping, etc. they also require very minimal investments and minimal risk exposure.

This is an issue that is hammered out between the lawyers.In CT any security deposits are transferred to the new owner, there is a line item on the closing statement for this.

., 11/01/2018), so we are only at the beginning stages of our mechanical and electrical renovation process, but have already been able to eliminate certain recurring operating expense items that were unnecessary and provided no incremental benefit to the property from being incurred.

The only additional expense item which I include which I do not see in your list is I always include a cost for lawn mowing/snow removal. 

Also if you purchased the home on the California Residential Purchase Agreement then most likely you signed Pg8 Section 22 Item B which is the Arbitration clause which means you will need a neutral party to mediate the issue.However I agree with @Scott Carder if the repair is not very expensive 1k to 2k it might be easier and less stressful to just fix it and let it go.

Anyone have a Chart of Accounts and Items List they could share that would be helpful in setting up QuickBooks?

The cost of fixture installation and drain connection are listed as separate line items (leaving me with a total plumbing budget between $3670 and $7190, with a mid-range price coming in around $5430).  

Thanks, JoeOur attorney ALWAYS holds back an escrow amount to cover this specific item.

I've heard many people only budget for Repairs and Maintenance and don't use the term CapEx at all.Would any of the following items fall under Repair or Maintenance, or be separate expense item all together...?