Steve L.
Option Agreement, Vacant Land, Pre-Paid Expenses
I have some funds in a couple different 1031 exchanges. I have a piece of land under option, that I have been working with the City on a lot split and plans for construction of SFHs. Let's say my purchase price is 4...
Michael Wentzel
tracking expenses for each property vs portfolio?
Hello everyone,If you have a portfolio of single-family properties, do you always have to track the income and expenses by property?I'm pulling together my numbers for my partnership tax return and it is a pain. We ha...
Matt Larson
Estimating expenses on buy and hold SFR
For all you seasoned and experienced investors who have bought and held SFR properties for a number years:I'm trying to see if I'm on the right track for estimating long-term expenses for SFR.Background: Purchased fir...
Jonny Morris
Quickfire: New to LLC and business expenses...
Dear all, Just looking for some seasoned small business owners to throw out 'obvious' things for me to consider. I am making the transition from my first rental which is an ADU attached to the back of our property...i...
Sean Doherty
quick easy question on property management expense
When figuring in a property management expense is it necessary to also include an expense for lawn care, snow removal, and garbage or are those things that the property management company takes care of? if so are ther...
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How to divide Rent and Agent Expense?
If I rent a condo for say, a week for $1,000 with a rental agent fee of 30% do I report for taxes $1,000 income and $300 expense?
Christopher Giannino
Expenses that a newbies might not expect
I am straight out of college and interested in purchasing my first rental property within the year. I was wondering what expenses do I need to expect? I know some of the more obvious ones such as mortgage, insurance, ...
Rob Simpson
Do You Include PM Expenses in Negotiations?
I have a handy spreadsheet that helps me quickly assemble the various numbers (ROIs, cash flows, etc...) involved in assessing a properties potential. When a property's ROI is just shy of my return objective, I often...
Elizabeth Read
Bought a conversion without permits- expensive mistake
I bought a 3br/3 bath house 2200sq ft in Altamonte Springs FL this Nov. purchased for 105k using hard money, put about 25k into it and got it under contract in Jan for 173k- all was well, passed inspection with no not...
Jantsen Locke
How to differentiate personal and business expenses
Just closed on my first house hacking deal (duplex- living on one side and renting the other). I know there are some tax advantages involved (currently my next reading topic). It makes sense to me that opening a sepa...