A lot of the neccisary work will be expensive without much short term ROI.

You will need to set up the loan principal as a liability account and record the monthly payment, the principal portion will reduce the liability account and the interest portion as an expense.

She stayed 6 years & when she left we also found that she had upgraded all the outlet covers, toilets, lighting & all faucets at her expense.

HOA fee will probably continue to increase, you never know when an expensive assessment is around the corner and there is some potential for a price crash as they are really overbuilding (imo).

When you say, "write it off", is there a way to "expense unpaid rent"?

In NYC starting a midterm rental business is super expensive unless it's done upstate hence why Albany came on my radar.

Insurance is getting way more expensive than we might have envisioned and we needed to see it as a relationship more than an expense and just switching companies-which would not have worked anyway.

HI Mary,There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible.

@Deborah BrancheauI would say this is for the average size market.

Hello, I have a few rental properties and I am looking for a program that tells me the overall performance once I input income and expenses.