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Hello everyone,

I am writing up a budget/cashflow and it is for an apartment rental business. So do I put the repayments for the mortgage on the apartment in the expenses part of the budget?

Many thanks in advance!

2 Thoughts on Do you put mortgage repayments in a budget?
  1. Reply
    April 12, 2012 at 5:39 am

    I would think so.

  2. Reply
    April 12, 2012 at 6:11 am

    yes, as well as renters insurance cost of advertising to re-rent it (most states require a certain % vacancy rate per year.) And every item that comes up as a cost like maintance, and depreciation (and replacment after fully depreciated.)

    Most states require that a special account be set up just for deposits that only repairs deducted from deposits be removed, most states also require that every other penny go into an account and only after the property has been supported fully by the investor that first year maintenance etc the 2nd year that first year profit is used for maintenance insurance etc and the 3rd yea the owner can then began to remove profit.

    I highly suggest you go to the Small Business Administration (SBA) to get advice if you follow their advice in 10 years you could retire if you reinvest in rental property wisely.

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