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...
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...
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%, ...
Sean Anayah
Expensive chimney repair quote
Hi all,
This is my first time posting. I own a small 2 bedroom bungalow near downtown Sacramento that was built in the early 1900's. It is rented out and the rent covers the mortgage. The tenants asked that I call a...
Peter Palmer
Tennessee monthly expenses question
Hello, So I'm starting to analyze deals in the Chattanooga TN, and Nashville TN area for SFR's and small multifamily (2-4) units. My question is if the locals on here have any advice for typical expense figures you ar...
Steven Lewis
Expense Reporting / Accounting Software?
Hi, It's that time of year again. I'm not looking to spend a monthly fee on any software. Has anyone heard or used this? Money Ledgers. http://www.moneyledgers.com/Seems like it is one time fee for easy tracking of in...
Samantha Klein
Expense or depreciate repairs?
Hi all, I purchased a duplex in July and gave both sides notice to vacate. They both vacated Aug 1st. My question is since it was already in service on the day I took ownership, can I expense the costs to fix it up? I...
Paul Deliso
Expense Breakdown for Florida.
Hello BP,I am running my rent calculator on a property in Tampa Florida on a triplex. Total square footage of the complex is 2,500 SQFT so I figure average out the apartments 800-1,000 soft each. As of Beds and Baths ...
Account Closed
Project and Expense Tracking
Is anyone using rehab specific software to track projects and or expenses?