All Forum Posts by: Andrew Dicks

Alright well I appreciate the discussion on this, I'm still not sure on it. Any Wisconsin real estate lawyers out there that want to give some free/probono advice?

Thank you all!!

Thanks for the info, there was a no smoking inside the building clause and as to the useful life of the carpet I don't know that answer as I have owned the property for 5 months now. The carpet was in decent shape minus the all the burn holes which were a lot and large. The problem I have is the tenant is now claiming this was all there before she moved in 6+ years ago and I don't have condition documentation as I have only owned for 5 months and the previous owner would have this.

I recently purchased a property in Wisconsin and when I received all the paperwork I did not receive a damage checklist or condition document from the tenants. Now one of the tenants is leaving and left cigarette burn holes all over the floor and the walls are absolutely coated in tar/nicotine. Am I able to deduct the carpet replacement and wall cleaning as that is beyond normal wear and tear even though I do not have a checklist or property condition document due to obtaining the property from a seller and inheriting the tenants? Any help on this would be great, thanks.

My name is Andrew, I am from Milwaukee, WI and I am almost a CPA. I am newer to Real Estate Investing. I know a few people in the industry and would like to be more involved. I have one 4-Family property and am going to be using that income to role into another property as soon as possible and continue to grow my business. Looking for helpful insight from other experienced investors and look forward to learning even more about Real Estate Investing.