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All Forum Posts by: Diego StPhillip

Diego StPhillip has started 1 posts and replied 3 times.

Thanks @Percy Matsunaga

I definitely wouldn't do this constantly. But I guess I'm trying to figure out how to define "reasonable". For example, to me its reasonable to replace a snow blower after 5 years with a new one. But someone else might say its not reasonable since the snow blower still works just fine. 

I'm looking for more legal parameters on what is acceptable and what is not. I definitely don't think I'm abusing the law by taking a refrigerator after 10 years but I'm curious to understand the law here as well.

Thanks for all the answers so far. In this case, it is a 12+ year old fridge. It works just fine but I want to be proactive and replace it for my tenants. I figured I would rather keep it than trash it as I could use a spare fridge for my garage.

I'm also interested in the legal boundaries of this question though. For example, I bought my rental property a snow blower 5-6 years ago and will probably replace it in 2-3 years to be proactive. Would I have to purchase that snow blower to use personally or to give to a friend?

I own a rental property. Over time, I have purchased various items for the rental property and taken tax deductions when I did so. For example, I purchased a lawn mower for the rental that tenants cut with. I have purchased refrigerators and stoves, etc. Legally speaking, am I ever allowed to take those items and keep them for myself?

I plan to buy my tenant a new fridge. Am I allowed to keep the old fridge for personal use? What are the legal guidelines here if any? Looking for advice, thanks!