Transitioning Primary Residence Into Rental

[Brian Knapp]

Hello, I will soon be moving and we will be transitioning our current primary residence into our first rental property. The property we will be transitioning is a 2/2.5 town home in Boynton Beach, FL. My first few questions revolve around some of the big ticket items needing to be repaired or replaced such as new AC unit, refrigerator & master bath repair/remodel. All of these items are currently working (for us) however they are all old and will likely need to be replaced within the next couple of years. The master bath had a small leak in the shower which was fixed, but not professionally and I would like to avoid any significant damage due to water coming from my upstairs bathroom. My thought is obviously get the bathroom up to speed, however I am back and forth with the AC and fridge. Should I wait until these die or just take care of them now during our transition so they are nice and new for our tenant? All 3 big ticket items will cost a total of around $7k. Are there any tax implications regarding depreciation I should consider when trying to determine my timing on these items? Thank you all in advance for your help!