Hello - this may be a newbie question but from reading the various articles on BP and Investopedia, my understanding is that Net Operating Income (NOI) is defined as operating expenses required to run and maintain the property but excludes Loan Payments, Capital Expenditures, Depreciation, and Amortization.The IRS has recently raised the Tangible Property Expensing threshold to $2,500 (from $500 previously) per item so if you took advantage of this change, wouldn't it decrease your NOI since you can expense smaller capital items as repairs & maintenance instead of capitalizing and then depreciating them over time?  

@Kevin McDonald what does your current lease state, does it automatically go month-to-month if the tenant doesn't give notice?  

The bank will not automatically call the loan "Due" ( i.e. accelerate the loan) but it has the right to do so and probably will if it notices the transfer.  

Environmental Protection Agency estimates that toilets consume 27 percent of indoor water usage.Property managers and landlords sink 25 to 35 percent of their operating costs into utilities, while water costs, in particular, are up an estimated 200 percent in the past 15 years.Meanwhile, small, barely noticeable leaks may add $900 to yearly water statements, with larger leaks totaling, in some cases, $4,000.

My lease says I need to give 24 hour notice and it has to be within 8am-8pm   So far I'm on good terms with our tenant so I just shoot them a txt,  hey swinging by to do such and such, you cool with that?  

It also allows the Attorney to receive legal documents and notices for you.    

I noticed on Trulia there are quite a few multifamily properties (mostly duplexes and triplexes) in Ithaca, Groton, and especially Cortland.

Politely and professionally send him a notice to vacate whenever his lease is about to be over.

Do I need to give notice if I'm going to the property but not entering the house?

However, the landlord must first obtain all necessary permits to remove the unit before an eviction notice can be given.