All Forum Posts by: Michael King

This escalated to murder very quickly at one point! This was turning into quite the whodunnit! 

I used to be a police officer. At the end of the day, leases, like domestic violence court orders, restraining orders, etc, are pieces of paper that don't stop anyone doing anything to another person. 

Start with better screening. If the perpetrator gets violent with the property, then evict them both. You're probably not trying to run a charity nor a counseling service. My 2 cents.

Frank, thank you so much for your thoughtful answer. You have clarified this issue for me. I just had a deck built on the house, and I recall my accountant telling me to have it invoiced separately to the closing of the house (the builder built the deck as an add on charge), in order to get better appreciation of it. How I don't know, unless it's not subject to the 27.5 year rule?

At the end of the day, I was looking for the best way to categorize expenses on my excel spreadsheet, and for things like this, I will just present the information to my accountant-magician and let him do his job. 

Again Frank, thank you so much for taking the time to post your answer!

Hi there BP, newbie here with my first post. A little about myself: my wife and I fell into being landlords. In 2016 we moved interstate from TX to MO. My wife was not with me when I bought a 1600sf new build house, although she gave me the go ahead via facetime video chat. About 2 months after moving in, she said it was too small and I had to buy her another house. So rather than take a huge hit on selling this first house, we decided to stick our toes in the waters of being landlords. Well it went quite well and we bought another new build, then another. Now in 2019, we just closed on another one and we are closing on a 5th new build house this week. And plan on looking for number 6 soon.

I've been trying to figure out what I can claim on my taxes. I buy 2" faux wood blinds and ceiling fans, and curtain rods for each house. Also the sod got laid the day we closed and I spent around $400 on hoses, sprinklers and timers to keep the water up (it's a 90 minute round trip and don't have the time to make it every other day). 

This may sound like a dumb question, but what category are these items claimed under for the IRS? 

Thank you in advance for any replies!

Mike