Daniel Hoffmann
PMI Tax Expense / Deduction on Rental Property
I believe PMI is no longer tax deductible in schedule A, but is it still a tax reducing business expense for rental properties?I found this article on the IRS website but this cannot be true.https://www.irs.gov/faqs/s...
Eric Kelly
Need a expense spread sheet for rentals
Hello everyone being tax season I need to write down all my expenses for my rentals does anyone have anything they could send me. I am not to good with computers but I want to begin to use 1. I have been writing it do...
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 ...
Rob Gribben
Average rental expenses per year per property
I have two rental properties in Baltimore, both are rowhomes, one in the city, and one in the county. I was looking at rental expenses (excluding taxes and insurance) for the past 4 years (2011-2014) on both houses t...
Joshua Maisel
Expense tracker needed for first rental property.
Hi All,Can anyone recommend an expense tracker for rehab costs? I recently purchased my first buy and hold rental property and am in the process of doing repairs. I want to track my expenses and was hoping someone c...
Lyle Cooper
Deducting home office expense as a landlord
I have 2 properties that I rent out. I report my rental income & expenses on Schedule E. Can I take the home office deduction?
Garen T.
Expense tracking google sheets with CPA output?
I own 3 rentals (1 SFR and 1 duplex) with another duplex coming on this year. I've been tracking income and expenses on a very simple Google sheet which separates things into the different properties. This week I sent...
Paul Pratt
Daytona Beach STR Income/Expense Raw Data
Hey all, I recently had a seller get rid of their Airbnb (to buy the commercial building their main business runs out of. However, it wasn't on beachside (lower insurance) and was still bringing in good numbers. It wa...
James Miller
Do you use expenses or mileage reimbursement?
New member here. I just posted in "new intros". I have a question. I started managing some properties my dad and I own. They are spit into several LLC's. The vehicles that will be used in the management and upkeep of ...
Mike R.
reserves: # months rent or # months expenses or ??
curious how folks set up their reserve accounts? do you use something like certain number of months of gross rent (i.e. 3 months gross rent) or # months of total expenses or based on expected capital expenses or some...