Brian H.
Tracking expenses in QuickBooks
I am setting up QuickBooks for rentals. I was curious if you all set up vendors for every little expense? I want to enter them all but wasn't sure of the best method. For instance, for my one a year charge from Goog...
Cole Black
Direct mail is expensive
Hey guys and girl,I am wanting to do a direct mail campaign. I’ve been in contact with Canada post and it’s going to cost $450 to print and mail 100 postcards. There has to be a better way. Any tips for someone in Can...
Matt Smith
Expense allowed for 1031
I am planning to see property A to buy property B using 1031 exchange.In order to get top dollars for property A, I need to do some home improvements (paint, carpet, etc.)Is it possible get money from the 1031 exchang...
Yoon Seokwoo
expense before starting rental
I have a few simple questions as I am debating myself for doing some work (painting, flooring) either by myself or by hiring on a house (property A) that I will turn into rental property.Q1. If I spent money on it (sa...
Jack Perfett
Moving Expenses to Income?
Theoretical Question Here.Say I have been allotting 5% of Rent for vacancies, but have been long enough to have a great long term tenant that has been in the property for 4+ years. Is it ever acceptable to move any of...
Adam Garza
Virtual wholesaling expense ratio
For those wholesaling in multiple markets - what’s your overall expense ratio per market? In other words, what percentage do you expect to make in a new market vs the total cost for doing business there? For example, ...
Troy Martin
Prorate rents and expenses?
I'm under contract to sell a duplex in Columbus, OH. When prorating the month of May is it just the rents that are prorated and given to the buyer or is it the net of rents and expenses for the month?
Corey Lyons
House Hacking Expensive Markets
Hey guys!Long time lurker, first time poster!I live in Ventura, Ca and the market is through the roof like most other markets. The rent i currently pay is WAY more than id like to and i would like to get started on my...
Brandon Brewart
Apartments: Expenses per unit?
When underwriting apartments in the Metro Detroit area, what are your "rule of thumb" expenses per unit/year for B/C class properties? I'm hearing maybe $3000/unit per year -- maybe more recently. Investors or Propert...
Kim Leduff
Rental Property Search expenses
Hi BPers,When it comes to tax time, were are you accounting for your rental property search expenses? the house hunting expenses? Are you putting them on schedule C since they arent necessarily assigned to any particu...