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23 January 2025 | 0 replies
Eventually the kitchen will need to be updated, but the bathrooms are updated and tile floor throughout. 1 tenant for nearly 4 years, just changed out tenant.
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2 February 2025 | 1 reply
Deal #4 - SFH, 3BD/1BAAsk: 80KNeeds new paint, flooring, new kitchen, and bathroom, and roof will need to be repaired.
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1 February 2025 | 9 replies
If someone is coming to Danbury for STR, I don't think they are going to want to share bathrooms and kitchen.
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1 February 2025 | 5 replies
If you’re below $275K, focus on high-impact upgrades like improving curb appeal (landscaping, fresh paint), refreshing the kitchen and bathrooms (new hardware, lighting), or adding energy-efficient features (smart thermostats, LED lighting).
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29 January 2025 | 20 replies
We don't spend anywhere near that much nor do we go through 2k worth of linens, kitchen stuff or furniture.
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11 January 2025 | 14 replies
Leasing is a specialized skill—PMs deal with this daily, making them far better equipped to handle applications, verify income, conduct background checks, and evaluate a tenant’s overall suitability.Protecting Your Investment:The cost of a bad tenant can be far greater than the cost of hiring a professional.
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5 February 2025 | 28 replies
Fully stocked kitchen.
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6 February 2025 | 9 replies
The property has to be considered 'in service' for you to list it on your tax return.In service entails a couple of items such as1) The property is in livable condition - Working bathroom, kitchen and an area to live.2) The property was advertised for rent.Best of luck
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4 February 2025 | 3 replies
Just a simple 499 sq ft city approved plan, single story, 1 bed/1bath/full kitchen adu with living space.
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10 January 2025 | 0 replies
When it comes to real estate, here's a general list of eligible assets and their depreciable lifespans that you should know: Residential Rental Property = 27.5 yearsThis includes any building or structure where 80% or more of its gross rental income is from residential units.That means:- Apartment buildings- Single-family rental homes- Duplexes, triplexes, and quadplexes- Mobile homes (used for residential rental)- Any kind of residential lodging facility where the primary purpose is long-term rentalCommercial Property = 39 yearsThis includes non-residential properties like:-Office buildings-Retail stores and shopping centers-Warehouses-Industrial complexes-Hotels and motels that do not qualify as residential rental propertyLand Improvements = 15 yearsThese include sidewalks, roads, fencing, some landscaping, and parking lots that are separate from the building.Personal Property = 5 or 7 yearsPersonal property used in a rental activity usually has a 5 or 7-year life.This includes most furniture, appliances, carpeting and various machinery.Qualified Improvement Property (QIP) = 15 yearsGenerally, this includes any improvements made to the interior of a non-residential building after the building was placed in service, excluding elevators, enlargements, and the internal structural framework.Computers and Related Peripheral Equipment = 5 yearsVehicles = 5 yearsNote that the land itself is not depreciable.