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31 October 2024 | 4 replies
Identify necessary repairs and improvements.2.
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31 October 2024 | 4 replies
I on the other hand am begging for him to try a cpa since there’s alot of new concepts with maintence vs improvements etc for tax purposes.
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1 November 2024 | 19 replies
Major issues like foundation work, bathroom renovations, and deck repairs are considered capital improvements, which can be depreciated over time, allowing you to offset a significant portion of your rental income with those deductions.
5 November 2024 | 34 replies
We've helped a lot of our members trouble shoot and make minor tweaks to their properties to improve the performance.
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1 November 2024 | 17 replies
Since you need to make some improvements to get the rents to market levels, it could make sense for you to inform all of the tenants you will not be renewing their leases so you can fix all of the units at once and then get them rented.
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31 October 2024 | 2 replies
Always interested in something that can improve operations.
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31 October 2024 | 0 replies
Timing can sometimes be as valuable as improvements in this business.
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3 November 2024 | 15 replies
Thanks @Max Emory & @Jake BakerI am in the process of test driving Stessa to see if it helps with improving my efficiency on the property management side, including keeping track or insurance, property taxes, maintenance etc.
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5 November 2024 | 29 replies
A good Accountant or Bookkeeper will work with you to tie out all your accounts and let you know any issues or advice as it comes up throughout the year.I would be more than happy to chat with you more about your finances, I was one of the few Bookkeepers to be invited to BiggerPocket's Financial Service offers and have been working with them on ways to improve it as I help more and more investors with their Books.
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31 October 2024 | 1 reply
Rockford seems to be improving, but what areas are a "no go" for buy and holds?