Property Expenses

Capitol Improvement vs. Expense

     When do you treat an expense as an expense or a capital improvement?  This is an area where you must maximize the advantage of any funds used.  Once again, you must check with a tax advisor or obtain the services of a good property management firm.

Tenant Management
Month-to-Month vs. Lease

     Deciding on how to produce income is a primary consideration when owning apartment real estate.  Tenant management requires special handling these days.  Many owners choose a one-year lease to secure an apartment occupant, while others go with a month-to-month rental.  In many cases, the desirability of the property in either category is the deciding factor.