Chris Kendrick
Landlord insurance is expensive
Just wondering what other people are getting on insurance for the house your renting out, i have a small 900 sq ft house built in the 1930s and the insurance on this thing is more than my new house almost, is that nor...
Daniel Dietz
Educatoin Expenses in SDIRA?
I think I likely know the answer to this one, but thought I would check here too.
I am getting a good grip on the rules within a SDIRA for the most part as far as Prohibited Transactions & Self Dealing an...
Carlos Santiago
Question on expense accounting
I'm working a rehab. I have a rehab loan -- so the mortgage is for the house + approx. $24K in rehab money.
For my accounting - how do I account for repairs being paid for? I'm writing the check and getting the r...
Sean Autry
Learning Some Expensive Lessons...
I'm 11 months into my first rental (triplex), and so far I've experienced:
-2 evictions (inherited tenants)
-a roach infestation
-thousands of dollars in damage to one unit
-likely more $ in damages to come
Am I det...
Ed O.
Autos: Mileage vs Expensing?
Over the years, it's been told to me over and over that taking the mileage deduction is better than the alternative of expensing a vehicle (forgive me if I got the term wrong.
Recently, some highly successful investo...
Gabe G.
operating expenses for 2017
Well, I am starting to run some numbers for 2017. Over my 10 properties, I had operating expenses of 32.8 percent of gross rents.I had one property that had over 100 percent of operating expenses, and one that had 1...
Samantha Reeves
Expense ROT State Specific
How do I narrow down my ROT's from state to state. For example, I am underwriting a lot of multifamily properties in TX and OK and I would like to get more accurate ROT's for my expenses within these states. How does ...
Abraham Anderson
Removing CapEx from expenses
I'm looking at a 60 unit property; between the pro-forma and the tax return I received for 2016, there's a 52K discrepancy. I contacted the listing agent who informed me that, on the pro-forma, they removed the 2016 C...
Brad Cogswell
Estimating expenses too conservatively?
Hey all,Wanted to get your opinion here. I'm investing in California, and have been looking at a number of duplexes. After gross rent, I'm deducting an immediate 30% off the top for variable expenses - Vacancy at 5%, ...
Account Closed
How to estimate expenses?
Hi all, (Hint acceded: I've just started my RE journey). After reading a few books/BP-browsing, I've decided to practice analysing real properties. However, I'm stuck on estimating expenses. I understand what is invol...