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Managing Your Property

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Tairsa Mathews
Pro Member
  • Orem, UT
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What to do with Rental expenses after purchasing.

Tairsa Mathews
Pro Member
  • Orem, UT
Posted Feb 24 2021, 22:02

My wife and I just purchased our second property that we are using as a short term rental. When I used the calculators to run numbers I included numbers for maintenance and capex. My question is after you collect your gross for the month do you put all your capex and maintenance savings in the same account, do you have separate accounts, do you put all your money in a single account and create a spreadsheet with numbers you have saved? As you’re scaling and adding properties do you have one account for all your properties for these expenses?

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