When you purchase a property, the IRS allows you to write off a portion of the value of that property on your tax return. This is known as depreciation expense which is calculated using the purchase price of the building (excluding land) and dividing it by the useful life…

Here is proof that when a resident is responsible for their own water bill then usage goes down.

This is a chart that shows what I paid for Water, Sewer and Trash (it all comes on one bill) at a 4plex in Minneapolis from 2017 - 2023.

That which gets tracked has the opportunity to be improved.That's why it's important to identify Key Performance Indicators (KPIs) that you can keep an eye on in your rental business. Whether you are managing your properties yourself, you've hired a third party management…