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Updated over 7 years ago on . Most recent reply

User Stats

59
Posts
29
Votes
Frederick Kirk Wendel
  • Custodian
  • Lander, WY
29
Votes |
59
Posts

Planed Vacancy Cost Recovery?

Frederick Kirk Wendel
  • Custodian
  • Lander, WY
Posted

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.

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