All Forum Posts by: Alice Chau

Thanks for the confirmation Jaysen, really appreciate it!

So for RE professional, the deductions can be taken for as many rental properties as possible?

Thanks,
Alice

Hi all,

Can someone please let me know if there is an income limit on taking the depreciation expense deduction for rental property?  I was told by my accountant that deduction cannot be taken if the income exceeds $150K.

Greatly appreciate in advance!

Alice

Hello,

I am planning to remodel my current residence (kitchen and bathrooms).  Does anyone have a reliable contractor that you can recommend?  I live in Newark, CA.

Thanks,

Thanks Brandon and Troy!

My daughter goes to Penn, and the amount of rent for a one bedroom is almost as high as in the Bay Area.  Do you know is there an area that I should watch out for, like anything beyond 43rd street is not ideal (outside of Penn patrol)?

Thanks Ross!

Hi,

Does anyone have any experience investing in properties around University of Pennsylvania, University City?  Renting to students?  I understand the rent around the area is quite high.  Would love to hear your experience.

This is super helpful! Hey @Kevin Chen, can you please share some of the ADU contractor resources?

Thank you Christian for all the useful information!!!

Hello all,

May I also share my experience here regarding my duplex of a 3BD/1BA unit in Milpitas, CA as I am in a similar situation here.  My duplex has 2 units: 2BD/1BA and 3BD/1 BA, and the 2BD/1 BA was rented out rather quickly during the pandemic.  Both units have been updated and completely renovated inside out with new appliances/window coverings.  My 3BD/1BA had a lot of foot traffic once I have decreased my rent to $3100 however, not many qualified applicant.  The major complains were the unit only has 1BA and the yard was in an under-maintenance condition.  I recently took it off the listing and updated the yard hope to get more qualified tenants when I relist it.  Also, updating the yard is a less expensive option than to build another bathroom.

I would love to hear any suggestion you may have on how to make my re-listing more attractive to the potential tenants.  The market rate for a 3 BED/2 BATHS in Milpitas is at least $3400-$3600, and I am thinking of re-listing either at $2,950 or $3,000.

Would love to know your thought on this.

Thanks,
Alice

Thanks all for the ADU information. I have just purchased a Duplex in Milpitas, and it has a big backyard in one of the bigger units. I am thinking of building an ADU in the near future. Any information you can provide on constructing an ADU would be greatly appreciated (i.e., cost, rental rules and etc)

Thanks