All Forum Posts by: Sendil Thangavelu

I have many physician clients buying short term rentals and using this strategy for example and I recommend they use Maven Cost Segregation Tax Advisors.

They are active on Bigger Pockets. They also have 17 5-star reviews on their Google business profile.

They are located in Sterling Heights, Michigan but can help anywhere.

Ask for Sean Graham. He can answer all your questions.

To Your Success!

@Jeff Roth thank you for the shoutout!

@Sendil Thangavelu I'd be happy to connect with you. I'd recommend detailed engineering.

Side note, here is a podcast episode I recently did with BP: Avoid Paying Taxes (Legally) with THIS Rental Tax Loophole

Hi Sean, I have emailed you. Let us talk on the phone. Ty!

0 Votes

Gainesville, Florida

Quote from @Jeff Roth:

Hi Sendil from Gainesville, Fl-

You are looking for someone to help you with a cost segregation study to save on your taxes.

I have many physician clients buying short term rentals and using this strategy for example and I recommend they use Maven Cost Segregation Tax Advisors.

They are active on Bigger Pockets. They also have 17 5-star reviews on their Google business profile.

They are located in Sterling Heights, Michigan but can help anywhere.

Ask for Sean Graham. He can answer all your questions.

To Your Success!

Thanks Jeff for the pointer, I appreciate it

0 Votes

Gainesville, Florida

Hello,

Writing to learn form other investors about their experience in cost segregation for Florida rental property:

1) Any firms you can recommend, based on your experience?

2) What are some gotchas if any in using cost segregation?

3) Did you use Max engineered or residual method for cost segregation?

4) Any other information that you can share about your experience using Cost segregation

Thanks in advance

Sendil

1 Vote

Gainesville, Florida

I have a property in Ocala, Florida with well water. Testing revealed 21 grains per gallon of hardness. I've received quotes for professionally installed water softeners around $3,000. I'm wondering if a more budget-friendly option, like the RHEEM water softener (42,000 Grain Preferred Plus Water Softener for Hard Water and Iron Reduction) available at Home Depot for around $500, would be sufficient.

Has anyone had experience with similar DIY water softeners? Any insights or advice you can share would be greatly appreciated! Thanks in advance.

1 Vote

Gainesville, Florida

Hello,

I have a rental property in Ocala. Water from the well has sediments and water forms a yellow lining in toilet. There is a filtration (basic ) in thee garage that came with the house when I purchased, but the filter gets rusty in about 5 days. Can anyone recommend good companies to root cause and implement solution to fix this issue? Thank you in advance

Sendil

0 Votes

Gainesville, Florida

Thanks all for great suggestions and advice. Much appreciate it. I have an attorney working on the eviction. Thanks again!

0 Votes

Gainesville, Florida

Quote from @Kim Meredith Hampton:

Sendil

In order to withhold rent they need to have notified you in writing about any issues and allowed you seven days to rectify. In addition, if they withhold rent, it has to be placed with the registry of the court where the property is located. If they have not done those two items, there should be no reason why the courts will holdup the eviction.

Not sure what the interior will look like, but hopefully you have photos of prior to occupancy, so that you will be able to claim against their security deposit, and a judgement for past due rents and any damages

Thanks Kim. What is the legal procedure to seek money for damages caused to the property after they vacate. Do you happen to know ? Thank you!

0 Votes

Gainesville, Florida

Hi folks, A tenant moved into my brand new house and defaulted on two months rent within 3 months of moving in. After multiple promises of catching up on rent, they are now 3 months behind. Because they have 3 children, I waited, and have now finally filed for eviction. Now, they are contesting the eviction saying in their response to court that I did not repair two issues because of which they are withholding rent. The issues being 1) inconsistencies in roof (dont know what this means) 2) a hole in the drywall behind stove in kitchen because of which there are spiders coming out of the wall and they had to kill two of them.

At this time, I am concerned that they will trash the house while leaving it. Is there a legal way to ensure they dont trash the place? Any experience you can share is appreciated as I am doing an eviction for the first time. This is a brand new house.

Thank you

Sendil

1 Vote

Gainesville, Florida

Any recommendations for a cost effective lawyer to start the eviction process? Need a lawyer that is responsive.

Thanks

Sendil

0 Votes

Gainesville, Florida

Thanks all for the response, appreciate it

0 Votes

Gainesville, Florida

All Forum Posts by: Sendil Thangavelu

Sendil Thangavelu has started 19 posts and replied 39 times.

Post: Cost segregation study for tax reduction

Post: Cost segregation study for tax reduction

Post: Cost segregation study for tax reduction

Post: Water Softner for rental property ($3000 versus Budget friendly Home depot models)

Post: Well water and sediment issue , Ocala, FL

Post: Tenant Eviction case--Ocala, FL

Post: Tenant Eviction case--Ocala, FL

Post: Tenant Eviction case--Ocala, FL

Post: Delinquent Tenant asking me to use security deposit and last month rent

Post: Delinquent Tenant asking me to use security deposit and last month rent