Affordable Housing Units--I thought homeless people might be "Lower Income", but they might be classified as something else. 

When any repairs or work are done, I take the invoice and classify it in my book keeping software Quick Books, so I can get an idea how much is being spent on each property and the overall performance of each property.

Or is it classified as a 1 unit? 

Which of these would you classify as op expense and thus affect your NOI?

Hi, all. I manage a few properties for others using an LLC and have a few tax questions. All answers are appreciated. I'll use one property with round numbers as an example. The tenants pay rent to my LLC and my LLC p...

For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.

Has anyone tried to get their property rental classified as Section 8 housing?

They had no idea how to classify our operation since there is no short term rental regulations in their housing code.

@Sidney Alexandre We classify areas by risk.  

I just knew the area and was able to snatch it before anyone realized it was classified in the wrong area.