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30 August 2024 | 12 replies
It costs the same when I need a plumber to come out to repair my leaking sink.
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29 August 2024 | 2 replies
For our clients, we separate repairs into catergories: 1) Health & Saftey - highest priority to avoid lawsuits2) Property Preservation - don't want a $500 water leak repair to become a $5k repair later3) Government Required - for city & S8 inspections4) Marketing Negative Impact - who wants to rent a "purple" house?
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4 September 2024 | 84 replies
Because most people's goal as a landlord is passive income, which does not mean waking up at midnight to replace a leaking water heater.
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30 August 2024 | 1 reply
Additionally, inquire about any upcoming assessments for major repairs, such as siding replacements or roof work, as these can significantly impact your finances.The selling agent should provide some of this information, but it’s a good idea to verify it independently.
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25 August 2024 | 3 replies
Does anyone have a reputable roofing contractor to recommend in Tampa?
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25 August 2024 | 8 replies
The full roof was replaced in 2020.
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6 September 2024 | 79 replies
Some will indicate risk margins - even though flips like the ones in your area aren't impossible, on your proposition the risk factor would be through the roof.
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27 August 2024 | 11 replies
We sent a difficult tenant an update on ceiling leak repair.
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25 August 2024 | 7 replies
We have a young and stubborn tenant who steadfastly refuses to give a firm answer as to if the bedroom ceiling is still leaking.
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29 August 2024 | 2 replies
After the cost segregation study was performed, this was the new asset allocation breakdown by useful life.Here are some examples of what types of assets are included in each of these asset classes.5 Year Useful LifeSpecialized equipmentCabinets and countersRefrigerators and microwavesSecurity alarm systems and telephone connectionsDecorative wall treatments, ceiling fans and flooring15 Year Useful LifeSidewalks, landscaping and asphalt pavingSignage and site lighting39 Year Useful LifeDoors, walls, roofing and windowsFlooring, drywall partitions and ceilingsEmergency lighting and restroom fixturesPlumbing, HVAC, and electrical distributionThe use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.