Rental expenses

Include but are not limited to:

-     Mortgage and home equity loan interest

-     Property and school taxes

-     Advertising

-     Repairs

-     Utilities – gas, electric, water and sewer, refuse, cable

-     Management, condo, or association fees

-     Travel – generally one trip per year if out of state, includes mileage, airfare, lodging and meals

-     Local travel at mileage rate: trips to building, pick up supplies, rent to the bank, etc

-     Bank service charges

-     Long distance phone calls

-     Supplies such as light bulbs, furnace filters, etc

-     Lawn care and snow plowing

-     Legal fees for evicting tenants or creating leases