All Forum Posts by: Holly Prokop

thanks to all for the input.  

I have not had any bad experiences to speak of.  I'm just wondering how others address it at renewal and why.

Hello - just wondering if anyone verifies employment / income when renewing a lease? 

@Marcia Maynard thank you.   

hello~ seeking guidance regarding "start up" deductions

Our 1st rental was in service April 1st 2014. We spent OVER 5k to prepare the home to be rented.  These funds include things like utilities, materials for plaster repair, painting, replacing broken windows, adding gutters, & ridge vent, attic insulation, replacing rotten stair treads, reworking the crawl space to address frozen water lines etc.  

Would funds spent on utilities, paint, window repairs, etc be deducted this year, in addition to the 5k permitted for start up expenses,  Leaving the remaking "start up" to be deducted over the next 180 months?

I've been using the latest "landlords guide to taxes" as a reference.

Thanks, Holly

@Marcia Maynard   I agree, LVT appears to be in my future.  I just want to select one that will be long lasting.  thanks for the info

Hello - the rolled linoleum needs replaced in the kitchen of my SFR.

I love tile, but want something warmer. 

I'm looking at vinyl floating floors.  I would like (if possible ) to replace damaged tiles w/out disturbing the rest of the floor.  Ive read  a lot of good feedback on Allure Ultra, but Does anyone personal experience with Ceramica in a rental?

http://www.homedepot.com/p/TrafficMASTER-Ceramica-...

I don't want any wood "looking" floors because the LR is oak.

thanks11

My husband and I re-habbed our rental through the winter while working full time.  We did most of the work ourselves, but subbed as needed to meet our deadline.  Long nights and weekends for sure, but you forget all about it once the checks start coming.