Rashid Khalil
depreciation vs business expense
hi allFurnishing the STR ( furniture ) and rehab (installing a hot tub ) , how are they treated, deprecation or business expense against NOI will appreciate your response.
Rory Samuels
Covering Utilities for expenses
Do you calculate utilities into your monthly expenses for a rental just in case you have to pay them or do you just start once you have a tenant in place?
Jesse Wolf
Fourplex in expensive market
Hi all,
I'm currently under contract on a 4 plex. The building was built in 92. Inspection came back pretty clean aside from some organic growth in the attics which is common in my area. A remediation company is comi...
CL Ziegler
Expenses, Repairs -vs- Improvements
Hi Everyone,On my last three tax returns my CPA surprised me by prorating several of my HUGE expenses, citing that they were improvements so the full amount can't be claimed on one year's return. (he diviede them over...
Justin Goodin
Full Breakdown: Operating Expenses
People often ask me how they should determine their operating expenses. These numbers should be determined using a combination of the historical financial data available, feedback from your property management company...
William Brennan
Depreciation Expense or Depletion
Can someone please explain what the use of depreciation expense or depletion on a rental property is? I understand how the number is calculated. I'm a little unsure of the tax implications and how that works. It ju...
N/A N/A
Asset Protection: Expensive Jewelry
If I have expensive Jewelry worth a lot of money (Rolex with Diamonds, Diamonds, Etc...), is this considered an assett I should cover when starting out? Especially renting my first property?
Christopher Howard
Expense Tracking for Rentals
Hi all,I had a pretty general question, I'm wondering what people use to track their expenses for rental properties. I only have one property now that I'm fixing up so there is always and expense. For now I'm just usi...
Michael Spencer
Critique my Expenses! (please) :)
Hey BP,
Like I've mentioned in my previous posts here I'm relatively new to Real Estate. I'm looking an extra set of eyes to critique my expenses for wholesaling. For marketing I'm using Canary Yellow Letters printed...
Alan Ponzetto
Travel expense schedule C
I own a condo for total business nightly rental. No personal use. Schedule C. Can I use mileage travel expense to do business at the property? I am confused because schedule C instructions State your business is your...