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30 December 2022 | 15 replies
You need to know all this well before completing a purchase.The operating budget will obviously tell you what they are spending money on for the current period, on things like landscaping, various routine repairs, pest control, pool service, utilities, and preventative maintenance.
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29 November 2022 | 23 replies
If you have a busy 9-5 routine but have the money to get started and don't have enough time, turnkey companies provide some of the best resources to scale your portfolio.
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20 November 2022 | 14 replies
For the most part, the cleaners figure out the routine very quickly and are very responsive to scheduling and changes so that part of the software isn't a big deal (you could manage without it).For our record-keeping and inventory management though it's been well worth it!
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26 April 2022 | 0 replies
Assume the unreduced basis of the building is about $350k (I took out the land value)*Add New Deck - $8k*Interior/Exterior paint - $3k*Dishwasher - $500*Landscaping materials - $1500*Wood/sheetrock to build walls to enclose an existing space - $500*Furniture (beds, tables, chairs etc) - $5k*Hot Tub - $5kCan we use the SHST or De Minimis or Routine Maintenance safe harbor for any of this?
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31 January 2022 | 3 replies
They can be two different people and once you get a routine going it will be on autopilot.
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2 November 2020 | 1 reply
The primary purpose of the truck will be to travel to the cabin every 4 to 6 weeks for routine maintenance and general checks on the property.I am going to check with a tax professional, but that said, I would be curious to hear anyones experience here.Are the truck and improvements such as tires something that I can partially or fully write off my taxes?
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19 November 2022 | 7 replies
If you have a busy 9-5 routine but have the money to get started and don't have enough time, turnkey companies provide some of the best resources to scale your portfolio.
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9 December 2022 | 30 replies
I visit the house routinely and just did a walk through and everything is normal.
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31 October 2022 | 14 replies
If you have a busy 9-5 routine but have the money to get started and don't have enough time, turnkey companies provide some of the best resources to scale your portfolio.