Stephen McDonald
Quick question about expenses in analyzing
The 50% rule covers expenses that are related to the property, not HOA, Property Management, or Debt expenses. Do those unrelated expenses get factored into the NOI?
Paul H.
Elevator Expenses for 3 Story Multifamily.
Good Day BP!
I am running the numbers on a new build 3-story 12 Unit Multi-Family with an elevator and would like to know the impact on the financials it will have.
What can I expect a new elevator to cost in main...
Paul D.
Is lead testing a deductible expense?
Tenant moved into a home that was built before 1978 in CA, then requested that I get it tested for lead. I ordered a lead test. Is this a deductible expense? If so, what category does it fall under? Thanks in advance.
Levi Meyer
Buying is Expensive, Renting is Cheap
Hello,
I've been looking into rental property investing for years now and I'm excited to get started. Looking to buy cash-flowing rental properties and hold onto them for the long-term.However, I've run into a proble...
Nick Talarico
Keeping Track of Income and Expenses
I am a new investor and am wondering what is the best way to keep track of all income and expenses and how do you go about keeping yourself organized? Also what do you need when it comes time to file your taxes? Do yo...
Jeffrey Wolff
LLC startup-costs / reimbursed business expense
For the startup costs of a single-member RE holding LLC that were incurred before the corporation existed, but used to start the company, can those costs be put on the books as "unreimbursed business expenses" and the...
Tammy Wise
Where do you store expense receipts?
Hi all, how do you store your receipts? I recently renovated a house and have 30k + in receipts. Do you just keep hard copies or do you scan to some software/cloud? I want to start our rental business as organized as ...
Keith A.
Property expense question on tablet purchase
For tax purposes can you use the purchase of a tablet as an expense if it is used solely for the purpose of managing and purchasing properties? I would like to use one specifically for this and not my personal one.
Peter Turner
Landlord insurance less expensive than homeowner's?
I got a quote with Nationwide who has my homeowners.
They are selling me a landlord insurance for $580.
This insurance covers the Dwelling for $135k, Extended coverage (not sure what that includes) a...
Jason Jones
50% expenses even on new construction?
Many here use the 50% expense rule when evaluating rentals. Is this true even on new construction? I mean, if you buy a brand new home then I would image you won't have a lot of expenses for the first few years (oth...