Joseph Tarallo
Taxes, expenses, mortgage help
Hello, so I’m looking for some professional help. I am looking to buy another property which I will need a mortgage. So when tax season comes I have a lot of write offs. Plumbing repairs, paint, furnace, etc. Now ...
Carson Sweezy
Estimating Expenses: Richmond, Virginia
I'm seeking advice for estimating fixed expenses (Electricity, Water, Sewer, Garbage, etc.). I am looking to move to a new city, and will purchase my first house to do so. The properties I am looking at are multi-fami...
Ahmed Aboelela
Finding Relevant Expense Figures
Hi, I'm Ahmed Aboelela, a rookie investor looking to make meaningful connections in the real estate community. I'm eager to learn from your experiences—what strategies or processes do you use to determine expense figu...
Steve T.
Amount for expensing $ amount
I can't get a straight answer from my tax advisors-At what amount, $ wise, do you have to amortize vrs expense it out as a same year deduction?I have been using a $600 limit for expensing, anything over that gets lon...
Tarcizio Goncalves
Capital Expense or not?
Hi everyone, I inherited a tenant when I purchased a property 6 years ago and this tenant moved out. Tenant has been there for over 20 years so the unit has a ton of updating that it needs so that the unit is brought ...
Esther Thomas
Management Company - itemized expenses
Hi there, I use a management company for my rental and they send me a monthly invoice via app folio. I see itemized expenses on there for the gardener or the plumber. Is it customary or normal to also ask for a digita...
Kyle Kipka
Expenses across multiple properties
I self manage a portfolio of 6 units and am wondering about the correct way to account for general expenses that span multiple properties as tax deductions. For example, things like tools or building materials that I ...
Anthony Bauman
Multifamily income vs. expenses
Hi!I'm 19 and new to real estate. I was thinking about investing in a multifamily house in New Jersey or Chicago but I found myself with a few questions and I was wondering if anyone could help me :)I was looking for ...
Glenn Hoffman
Stessa Expense Management Software
Hi all, I'm currently managing under 10 units and am using Cozy for rent collection. While Cozy does a great job for collection, the expense management piece is lacking. It's possible this may get improved as Cozy i...
Charlie Fullerton
Income & Expense Management
Hello -So my monthly income vs. expense worksheet looks like this on a 6-unit rental property. Income: $8200 (full occupancy)Expenses: $2910 (includes 10% for vacancy & 10% repairs, utilities, trash...