All Forum Posts by: Jeremiah Dunakin

I bought my first rental property in April last year in Michigan. I paid 85,000 for it. It needed more work than I thought. I did not rent it out until March of this year. I stayed in it as a primary residence for two months. Here is my questions. 
1. I put in a 5700$ central air unit as it didn’t have one before. Am I able to count that on taxes. 
2. I remodeled kitchen and bath as well as put flooring in and did a lot of painting cabinets and such will I be able to write that off?

3. I did most of the work myself besides some electrical and hvac. I purchased some tools to do rest of remodel. Will I be able to deduct them as well?

4. I ended up putting up around 15k into property. I never rented it out last year. My questions is am I going to be able to deduct this stuff? 

I have an appointment with accountant but I’m nervous. What say you guys

It looks like Kingston got what they voted for. Voting has more ramifications more now than it ever has. There is a price to pay at the polls. It amazes me that people vote and when they get what they voted for are mad about it.there is no secret agenda both mainstream parties are mostly up front on thier intentions. Vote for a party that is more in favor of tax breaks don’t complain when they give out tax breaks to “the big guys”. Vote for a party that is favor of more government spending and hand outs. Don’t complain about prices/inflation

Wow thanks everyone for the info. It really helps get my mind focused. I appreciate it 

So I am half way handy. I can do a lot of basic plumbing and electrical things.My question what things am I allowed to do? Can I change out flickering light switches? Run new plumbing lines to faucet/ tub. The rental I have I remodeled by myself and lived in it for awhile. I gutted bathroom and kitchen and remodeled them. I did have electrician do some wiring for me. I had them install some new outlets for me. Can I change out existing plugs and outlets or fix cracked pipes. I live in Michigan 

Return the deposit. Wish person well. Times like this it’s time to sympathize and be a cool human. Tenant did no wrong, but has a lifetime of thoughts and emotions. 

3 layers of shingles is a lot. In Michigan we are allowed 2 layers of shingles I believe. I would probably have those three layers removed. Dayton gets some snow. That’s a lot of weight to have up there. I could be wrong. That is labor intensive to get that many layers removed and disposed of. I think 6000 sounds a bit low and would be careful. In 2008 when no one was working I had a 1200sq ranch with attached garage redecked on house and spot fixed on garage with new chimney spout installed. That was 6500$. Good luck just be careful about going to low on price

Thank you all for responses. So we have 40+ inquiries from Facebook. My thoughts on that is you get a lot of traffic, but you also get a lot of bad traffic. We changed the info from qualifying to the free pre qualifiers on rent redi. I get people do not want to run credit without seeing the house. I would too. I had one lady with a questionable credit score be interested. I only agree to show her house because I work with her(she does not know that) and I know that she can make as much money as she wants(we can work 7 days a week 16hours a day if we want to). The first day she was supposed to come she was “sick” the reschedule she never showed up and never got back with me. I think she is gonna be a no. That said screening tenants has been a pain in the butt kinda. My wife handles it from her Facebook.My next thought is to put house on Zillow to maybe get a different set of eyes on it.  Thank u all who have replied. I trully thank you.

Thank you all who replied! I have scheduled showings. I do get it. Put down 35$ and have credit ran for a property they may not even want. Thanks again

Hello, first time landlord here. I recently renovated my first rental property. We listed on Facebook got around 25 inquiries. Also listed on rent redi. My question is this do you make prospective tenants fill out credit/employment/ criminal background checks first. Or do you show property?Like I stated we have about 25 people ask but I’ve been sending link to do checks first and no one has responded and filled them out. I’m thinking I’m doing it backwards.I just don’t want to show the house to tire kickers. What say you guys?

Hello, I’m looking for an accountant to do my taxes this year in the Battle Creek Marshall area. Last year I bought first rental property and am looking for someone who is experienced in this field. Thanks all and happy new year