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16 September 2017 | 15 replies
What are you TOTAL monthly expenses including gas, food, gifts, movies, mortgage, dinners out etc?
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15 September 2017 | 7 replies
According to numbers I've received from the listing agent, the annual heating/oil expense is just shy of $11,000 a year.
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27 April 2018 | 10 replies
You'll typically have a lot of tenant challenges not to mention that you're maintenance and CAP Ex expenses will be a much higher percent of your gross income due to the fact that it costs as much to fix a leaky faucet or replace a furnace on a property renting for $900 as it does on one renting for $600.
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15 September 2017 | 4 replies
Just saying ,the expenses for out of state properties is hard to manage when you have no physical, eyes on, level of work, or professionalism done,, until a problem really surfaces and then you've paid thru the nose, jump hoops to figure things out after the fact.
22 September 2017 | 25 replies
My depreciation expense would be about $116k/yr, that's assuming just taking building value over 27.5 yrs.
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15 September 2017 | 13 replies
Assuming all rents are substantial they should be able to cover my debt service and any other expenses needed (repairs, water, vacancy, cap Ex, etc.)
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15 September 2017 | 2 replies
So far I have been expensing my education cost, application fees, and other association fees to the partnership.
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15 September 2017 | 1 reply
In an ideal world, we could 'expense' the reno cost on the new home from the rental income from our old home.Any insight would be greatly appreciated!
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20 September 2017 | 9 replies
I don't think that's possible in this case.Figure out the taxes and expenses and come back with the cap rate.