If you are using Quickbooks or something similar, run a profit / loss or an income / expense report and tell us what your over head is.

I just ran one to see how things were looking for the year.

42% expenses

58% income

I'm in Los Angeles, not allowed to make money. Have to support City big wigs mistresses, 3rd car and their children's college fund. Since February 01, 2020 thru today, around 80% of the time I was NOT ALLOWED TO EVICT ANYONE FOR NON-PAYMENT OF RENT. Rich, poor or Millionaire, it's all the same.

Expenses 60%

Income 40%

Un single families that is right.

On Multis, it depends if the units are metered separately or not. I have a duplex where they are not and expenses are a whopping 61%, but I bought it with owner financing at less than $30,000 a unit.

On multis with their own meters, I have some at 32%, but those same units are about $80,000-120,000 a unit.

My numbers are similar: 40% expenses, 60% profit.

Except this year, where we had

--three roof replacements

--a termite-riddled garage

--a rotted-out bathroom floor

--five flooded basements

--two collapsed basement walls.

I want out of California. My 20 unit was up for sale. The buyer sent me a Document that needed to be opened. If I opened it up on line, he could put a lien on the property and I could not sell it to anyone else. So after discussion he refused to send my his written offer. Just a gangster.

Then another agent said he had an investor that sold some property and would make me a cash offer. I asked for PROOF OF FUNDS. My building was over $2M. He could not provide me with that. Then it changed it was going to be a loan.

Then the third buyer sent housing to stiff me with many violations. I had just passed a Code Enforcement inspection. So he was playing tricks. Wanted me lower the price.

Yes I just did it for the LLC so all properties are together. Some cashflow better than others, some are free and clear, etc. I just wanted to see a rough idea of how things were looking and then I wanted to know ya'lls numbers to see if I was in the ball park for things.

Obviously if you have major repairs - roof or HVAC it will skew the numbers. And if you have 5 doors vs 50 doors the numbers could be skewed by major things.

I guess it doesn't really mean anything but I was curious so I asked. i appreciate ya'll sharing.

Well I have all my stuff tied together which includes things like my truck payment, cell phone, internet, etc. I also buy a lot of stuff that I keep in inventory for future work.

That being said my income shows as 42%. This is down from what I had before and also includes a couple expensive rehabs.

So I guess I show at:

58% expenses

42% income

I will go in and see about moving some of the things that skew the numbers but these are probably the final results, which kind of stink. Also it does not include all of my November rents yet either.

Well I backed out the vehicle costs and the general purchases that I made for items I keep as back ups. Then I added the small amount I have gotten from collections.

I also noticed that I was gathering all of the expenses for my PR, rather than just the amount for the office area. It is broken down for the tax guy but I grabbed it all which isn't correct either.

Didn't make as big of a hit as I had expected but now my expenses and income are at:

52.05% income

47.95% expenses

Even putting the vehicle and general expenses back in, which I mean probably should stay in there, my totals now are at:

45.42% income

54.58% expenses