Hi BP - in the process of purchasing my first AirBnb in Nashville, TN. Do you find it's easiest to keep a Google doc or excel sheet with expenses? Or does anyone recommend some app that helps track expenses, income, e...
What’s the best way to track expenses when doing multiple flips. I have been doing one flip at a time, with a little overlap but able to keep receipts separate and organized. This method seams to be much harder now th...
When budgeting for expenses what is the average percent most investors take out for things such as vacancy,maintenance,property management,etc?
Hi everyone!I'm pretty new to investing though I feel I have a grasp on what I would like to invest in. Buy and hold is an avenue I want to go down and would like to know the different types of expenses I should expec...
I just bought a cargo van that will be used only for my rental properties. I know there are two ways to expense the costs; either direct expenses or mileage. Which method do all of you use and why?Also, I want to ma...
My water bill this month was 3x the cost of what it usually is. I thought there was a leak somewhere. I found a hose running to a tenants unit upon further investigation. I also saw a small AC unit which I believe...
Can anyone give my a good rule of thumb what the expense ratio should be for apt buildings? Thanks
Your advice appreciated with this dilemma:
I am about to close on a 6 family (1987 construction). Rent is currently $2100/month. There is one meter and I JUST found out the monthly water bill is like $300-$350 - I ...
In September we purchased a single family home which with minor changes was easily turned into a home and a studio. They are both STR's. I am wondering should the conversion, construction costs be counted as an expe...
Hello BP! So I was creating a spreadsheet to track all my business expenses. Is my phone bill tax deductible since I use it for business purposes? I offer internet to my downstairs tenant for free (I am house-hacking ...