Could someone give me an idea what types of expenses, other than repairs, that come with owning a rental property? For example, is there home owner's insurance and how much is that a year?Also, is it better to have ...
Where would be the best place to find out all the expenses I would have to calculate in order to rent out a property? or more simply, what are the expenses of owning a house?
What is the most important expense that a new investor forget to calculate when doing the number for a property?
Hi! This is Dina, Peter's partner (and wife!). We just introduced ourselves on BiggerPockets 2 days ago, and we warned everyone we have a bunch of questions...so, this is the first one that's been plaguing me. I'm a n...
Good Afternoon BP!I'm looking to automate the invoicing and expense reporting by property the properties I own. Any good apps or products out there that you can suggest. For context, I have 45 units and currently ha...
Lets say a house for sale is 140k ans needs 10 worth of work.. does it mean you wilk buy it for 140k and then fix and pay 10kOR you buy it for 130k becauae of the 10k needed?
Hello BP, I am looking into purchasing my first duplex, which I will be owner occupying. I have a question about how to manage my banks accounts. I want to keep my personal income/expenses separate from my business in...
In a recent post about how to minimize the taxes on rental income it was mentioned that: Setting aside reserves is an expense, so long as they are not excessive. When you draw down the reserve you count it as income b...
I know that as a landlord manager of my properties I can deduct at a rate of $0.56/mile the cost to drive to my rentals as long as I keep good records and for certain approved activities such as collecting rent; going...
Hi can anyone tell me the difference between Income/Expense Ratio vs Operating Expense Ratio? are they the same things? If they are different, how do they differ? Thanks.