06/17/2026
Here's the part of BRRRR bookkeeping that almost nobody talks about.
In Norfolk, Portsmouth, and the older parts of Chesapeake where BRRRR works best, property tax rates vary by city and several neighborhoods have supplemental taxes layered on top. If your books track property tax as a single portfolio number instead of by city, you've already lost per-property clarity on one of your biggest operating expenses.
Same issue with insurance on older stock. The flood zone and home-age underwriting quirks in Hampton Roads can move the insurance line 20 to 40 percent year over year. That's a per-property number, not a portfolio average.
Small details. Real money at the property level.
The full BRRRR bookkeeping breakdown is on the blog → https://1l.ink/QSFCCBV