All Forum Posts by: Paul Smith
Paul Smith has started 6 posts and replied 13 times.
Post: Lowering Utility Costs
Paul SmithPosted
- Posts 14
- Votes 8
I'm in escrow to purchase a 6 unit apartment building in Ohio and I noticed the sewer and water costs were 73% of the total monthly expenses. Is there a way to lower those utility bills? Perhaps I could pay to have a system installed of some kind to be more efficient? Any help with this would be greatly appreciated. Thanks!
Post: Use Rental Income to Pay Invoices or Use Credit Card
Paul SmithPosted
- Posts 14
- Votes 8
@Tom S. Seems easy enough. Thanks Tom!
Post: Use Rental Income to Pay Invoices or Use Credit Card
Paul SmithPosted
- Posts 14
- Votes 8
What is the more prudent play: use the rental income to pay for the invoices, or use my credit card that earns points?
Paying with my own credit card will create a greater distribution at months end, so wouldn't that cause a greater tax liability? Or is there no real difference since the net profit will be the same either way? Would love some feedback. Thanks!