Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 10 years ago on . Most recent reply presented by

User Stats

26
Posts
10
Votes
Charles Press
  • Butler, PA
10
Votes |
26
Posts

?Repairs vs. Maintenance

Charles Press
  • Butler, PA
Posted

Here's a question that likely only the people that keep their own books or the accountant minded will appreciate.

Do you lump together your repairs and maintenance  costs on your income statement or do you keep them separate line items? 

Repairs : Something breaks, costs of fixing it.  I.e. Something is leaking, plumper fixes it.

Maintenance: Keeping something in working order.  I.e. HAVC pro checks your furnace, replaces filters, etc.

This does NOT include costs that would be capitalized and depreciated.  Replacing a heating system, flooring, building improvements etc.  I'm only asking about costs you will expense during the tax year.

Thanks!  

Most Popular Reply

User Stats

1,117
Posts
417
Votes
Bryan N.
  • Investor
  • Hampton Roads, VA
417
Votes |
1,117
Posts
Bryan N.
  • Investor
  • Hampton Roads, VA
Replied

@Charles Press 

I use https://www.rentecdirect.com

It keeps track of each property.  I post expenses and income to the property it belongs too.  I can seperate it in any special category like maintenance or repairs.  This is the first year I'll pass the info onto a CPA, so I'll see how it goes and then determine if I'll continue using it.

Loading replies...