Hopefully, your lease says the tenants cannot modify the property without your permission.Some of the other items could be ordinary maintenance requests or something you are just stuck with.

It is "possible" to apply classes to almost all of these items but since we have chart of accounts for different buildings even within an entity our chart would look crazy. 

The new boiler, all associated work, and extra items were around 7500 including permits and inspection.

He wants to focus on large ticket items for property managers: roofs, turns, hvac replacement, whole house painting, things like that.

Might be a little lower than a purchase, but you will still be paying lender fees, title fees, escrow fees and prepaid items. 

Also, leaks cause damage to the drywall and other items.

Sometimes the HOA can cover capital expenses like roof and exterior, so that can help cash flow as well, but the HOA might increase the dues when they have to pay for capital items.

I'm sure there may be plenty of other metrics we are not taking into account here and if so, please let us know what other critical items we should be looking at!

Make sure the home has quality furniture and items that don’t fall apart in a few years.

Hi Daniel, you can still expense the following items out in 2023: travel, meals (50%), gardening, and tax consultation.