What is T&E in real estate?

T&E Meaning

T&E typically stands for "Travel and Entertainment," covering expenses related to business travel and client entertainment. These expenses include costs like airfare, hotel stays, meals, and event tickets necessary for property visits, meetings, and networking. T&E expenses are regulated to ensure they are legitimate and comply with tax laws and corporate policies.

Should T&E Expenses be Allocated to Properties?

T&E (Travel and Entertainment) expenses are generally not directly allocated to properties. Instead, they are more commonly treated as operational expenses of the business or real estate firm itself. These expenses are incurred for activities like traveling to different properties, meeting with clients, or attending industry events, which are considered part of the broader business operations rather than being directly associated with the management or maintenance of specific properties.