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Investors & landlords
Oh. He actually does pay all maintenance fees directly to management companies. I think it doesn't matter, because I own the place and in case nobody would live there, I would still pay these maintenance fees.
But let me be 100% clear, he pays:
1. Apartment maintenance fee (equivalent to HOA fees)
2. Garage fee
3. Utilities (electricity, internet)
Apartment and garage fees, must paid, no matter if someone lives there or not. So I treat them as my income, because the fact that someone lives there and pay them, saves me from paying these fees myself.
I don't treat Utilities as income though, because I would pay $0 if I wouldn't live there. You pay only for what you've used.
Is my interpretation correct?
‎April 5, 2021
5:47 AM