He Provides a hard quote with line item expenses.

For the third item, are you going to command a lot more with central AC in MA? 

I know that you can elect to expense certain items rather than do depreciation, there is accelerated depreciation, which they will start phasing out next year, but gross income and expenses will eventually show a profit if you keep operating it well. 

I would switch out the vanity because it doesn't go with the rest of the room, paint, and put up the shower curtains and other decorating items.

Whereas if they have renters insurance, their insurance will relocated them, pay a per diem for food and cover any loss of personal items as a result of the damages incurred due to mold, pipe bursting etc.

Originally posted by Account Closed: Annual Budget: property tax: 1800 vacancy:800 insurance:1030 repairs & maint: 2400 utilities:3600 advertising:100 grounds keeping:600 misc:500 Annual Debt service:5756 I don't see any line items for CapEx, which would probably run you at least $1000/year over the long-term on a quad.

I would love to hear different items you have added to a generic lease template that you think are important. 

@Brie Schmidt One item to note, I sort of touched on in my earlier post where I mentioned the distribution and contribution on property but thought I should outline a bit more...Because you have financed properties (if I understood correctly) you want to be very careful about moving those under the corporation.

@Chase Hoover I am currently developing a process/system to capture the breakdown of the net payout (Booking amount, cleaning fee, service fee & management fee[aka tourist tax]) using excel and excel importer app, then import into QBO, it is not fully automated but I get the breakdown that I need.

This would also include investing in broad low-fee items within an HSA-qualified health account (these also save on premiums as most folks over-buy health insurance out of ignorance of their options and realistic fees.