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...
John S.
Creative way to write off travel expense?
I live in the DC area and am a landlord, but went to LA to see if there were good property deals. I didn't find any good ones, but because of the trip, I've decided to buy something near the DC area. Can I write-off t...
Jo Martyn
Are property line surveys a deductible expense?
I own a farm in rural North Carolina and have been renting it for several years. In 2023, I had a partial property line survey performed by a local engineering firm. I would like to know if this is a deductible expens...
Cailyn Aune
Can you deduct expenses without an LLC?
Alright "tax" friends... I need some clarity. I just heard someone say on a podcast, that they hold all of their properties in an LLC, because otherwise, they can't claim the deductions such as Property Management, mi...
Michael Wolffs
Value and expenses of in unit laundry
I'm renovating a triplex. In the process of interviewing contractors, one of them brought up the idea of putting laundry machines in the units. The alternatives are putting pay machines in the basement, or not pr...
Kellie Powell
software for tracking expenses of a rehab
We are looking for a better way to track rehab expenses. I currently have created my own spreadsheet and that is working. I am just looking to be more efficient. Is there a software out there that you use or recomm...
Wyatt Towle-Desroches
Advice On Investing In An Expensive Market
Hello BP team! I am a young investor just starting out my investment journey with my wife/family. I live in the Northshore area of Massachusetts (North of Boston close to NH). My market is one of the most expensive in...
Jason Li
PM large expenses without approval of owner
Hey BP fam,
I'd get some advices from you regarding my current situation. I'm an investor owns rentals in ATL, recently one of the property had a water leak, damaged the interior ceiling of the first floor. The PM ...
James Adair
1st Rental purchase and Exit - Expensive lessons
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $215,000
Cash invested: $20,000
Sale price: $435,000
my first ever rental purchase. Rode the equity wave- had ...