Robin Ryan
Rental Expenses Incurred Before Property is Rented
We moved from our primary residence 4/25 and spent a few months painting, reflooring, etc before deciding to rent it instead of selling. It was eventually rented on 8/15. Question is - are mortgage interest & pr...
Jack Connolly
Documenting Cash Expenses for Tax Write-Offs
If I opened a separate Chase bank account that is strictly for deposits and expenses related to my single investment property, for tax write-off purposes how do I document cash expenditures to a contractor doing repai...
Alexander Sadeghi
Writing off expenses incurred before Rental Business
Hi everyone,I am wondering if there are guidelines for writing off Rental Property investment related expenses on taxes which were incurred before acquiring a rental property. I am looking to buy my first rental prope...
Soumava Saha
Splitting expenses/payments on co-owned property
What are some common ways of splitting expenses in a co-owned property where one partner stays in one room of the said property and another one rents out a room? In case of loss of rent, is it common for the non-resid...
Soumava Saha
Splitting expenses/payments on co-owned property
What are some common ways of splitting expenses in a co-owned property where one partner stays in one room of the said property and another one rents out a room? In case of loss of rent, is it common for the non-resid...
Brandon Heimsoth
How do I report year end expenses?
I'm new to the whole management thing. As for year end expenses, which year do I report them for? For instance, if I pay for maintenance by credit card in 2020 but don't pay the credit card until 2021, do I report t...
Jon Ful
Tenant vs Landlord Expense (California Residential Lease)
Hi Friends, In a standard California Association of Realtors (C.A.R) Resential lease for a tenant (single family home), is the LANDLORD or TENANT responsible for changing a water filter?
Kevin Yang
How should you categorize your business expenses?
Hey guys,Me and my partner have been setting up our property to start doing business in short/mid term rentals! We have a lot of business expenses such as labor from contractors, appliances, furniture, tools, etc. We ...
Alex Witte
Cash Reserves - 6 months of monthly expenses?
Hello all!I know it is a "to each their own" kind of topic, but I wanted to get a gut check on what others are doing for cash reserves based on their portfolio. My portfolio is small. I have 5 units and I am in the pr...
Tyler Masar
Typical Expenses for apartment or multi-families
Hi everyone!I just got started with BP and am trying to practice analyzing deals when I find listings. I know these expenses definitely vary depending on specific situations, housing types, location etc, but would any...