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Updated over 7 years ago,
Planed Vacancy Cost Recovery?
Looking to confirm if I am getting this right.
If you can time your leases to end in spring.. (better weather for Tenants and Contractors) and you need to rehab a bit before renting/leasing out the unit, you still need to advertise the unit for rent and proses applicants to keep the unit 'in service'?
This keeps the work expense in 'operational' (and thus can Wright off this year)
Or, If the unit is not in service then the work will be added to the deprecation on the prop?
Might be to broad a question. Serenly there are matters of degree here.