Will B.
Expensive home median prices
My home area is Frisco, Texas. Currently, I'm trying to build my rental portfolio, I've taken a ton of training, but a lot of the algorithms or formulas that I've learned, dont apply to my market. So my question is, w...
Karl McGarvey
Analyzing the Deal - Expenses
Hey all!So I have read a book or two, listened to probably a hundred podcasts, and everyone seems to have the same general idea of what you should be including for your expenses on your deals. Everyone also has the sa...
Lyle Cooper
Expense to reprogram intercom
I just had a new tenant move into my condo unit which is in a 10+ condo building in NYC. Should the landlord or tenant be expected to pay for the cost to reprogram the intercom to his/her name? It's $200 according t...
Jimmy Cara
Business Expense Tracking Apps?
Hey Everyone,I've been doing some research on expense tracking applications such as Mint, Expensify, Shoeboxed, Wave, etc. and have found that all their products are very similar with only slight differences. Most hav...
Pope Lake
Accounts for monthly expenses
When setting aside money for expenses that aren’t necessarily incurred monthly such as capex, repairs and vacancy - where do you store these funds? For example, is there a separate account that you maintain and lump a...
Christopher Davis
Utiliy expenses and tenants
Curious here. At the moment I am renting out my primary residence and relocating. In discontinuing my name on the utilities, mainly water and electric, the representative said that they would put the new tenants on th...
Brian Parker
Confused on the expenses
Newbie here to BP community but feeling addicted to it and the tons of YouTube videos. Educating myself as much as possible before taking the first step. One question I have after watching several deal of the day vide...
Jazmine Bryant
Reimbursing Yourself from Expenses
I started an LLC and when I close my first deal, I want to pay myself back for all the expenses that came up when starting the business.
If I needed to hire an independent contractor for a few things, is this also s...
David Howarth
Expense Deductions - Gift Cards
I went on the IRS website and read the Publication 527.
I want to know if a Gift Card bought at Home Depot and is given to a tenant for home repairs would that constitute as a repair expense?
A repair is defined as ...
Jack Srimani
Expense for rental condo
Hi
I am considering expense for a small vacation condo which I plan to rent out most of the time. In such a scenario does the condo expense be shown in the expense category while filing tax. I would appreciate any fe...