Or are you looking to track expenditures for bookkeeping reasons?

., laundry facilities, pet fees).Fixed Expenses: Include mortgage payments, property taxes, insurance, and property management fees.Variable Expenses: Include repairs, maintenance, utilities, and any unexpected costs.Capital Expenditures: Set aside a portion for future big-ticket items (e.g., roof replacement, appliance upgrades) as a reserve.3.

Then it would help if you still had more to set aside for future vacancies and capital expenditures.

If the rent covered those three and PITI (or other expenditures like Management), and gives you a profit/return you're okay with, done deal.

(WSFA) - The numbers are in and Montgomery is seeing major growth when it comes to tourism with travel expenditures near $1 billion.BiggerPockets also did an analysis with similar results.

It is the gross income minus major capital expenditures. i.e.

Your mechanicals and capital expenditures are a lot more important and more expensive to fix than a pretty kitchen. its better to live in outdated kitchen and have a well kept home with updated mechanicals/roof/hvac than one that looks pretty but will start to crumble5.

Request a detailed list of documents and information from the seller, including financials, leases, contracts, capital expenditures, surveys, environmental reports, open permits, and the Certificate of Operations.2.Physical Property Due Diligence.

Further, it's always a good idea to do due diligence into the association itself to make sure it has adequate reserves in case of any large future expenditures.

I would say you definitely need to add a vacancy cost I would also look more seriously at repairs/ capital expenditures for starters.