I am replacing the kitchen cabinets and countertop in a rental property I own. Normally that would be depreciated over 27.5 years. However, I read an article on bp (I can’t find it!) that suggested if the invoice was ...
It is commonly stated that management companies run on a thin margin for profit and loss. I'm curious what the general budgets consist of that causes these thin margins. For those who run their own firms, I'm intrig...
Hi Minnesota Investors!I was wondering what expenses your adjusting for in your calculations and how much? I'm seeing quite a bit of variation or no numbers at all and want a realistic estimate. These are the kind o...
Does anyone use rules of thumb for estimating expenses per unit for multi-family property? I have recently been told:Owner paid utilities: 4K-4.5K DoorTenant paid utilities: 3K - 3.5K DoorDo any owners have actuals...
Does anyone know if there is a list of expected % percentages of expenses for property rentals?
I know a recommended goal is to clear $200/month after all expenses on a rental. My question is, do I count my increased mortgage payment as an “expense”?
I will do a cash out refi to cover the down payment on an inv...
Hello, quick question about writing a Recreation Vehicle as a real-estate business expense for travel, repairs and depreciation... can this be done legally?
What is the best app to keep track of expense receipts and images of it for rentals?
How do you guys handle your personal expenses and rental expenses? Separate bank accounts or some other form?
Tenant said there’s water collecting in water softener (I installed for around $400 when I lived there previously. Single family). The property manager sent an independent water softener company over and they said it ...