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Results (10,000+)
Melanie Baldridge What is MACRS classification?
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.
Venka Pulla How to deal with Bad property manager
11 January 2025 | 7 replies
The notice should include the date of termination and the reason for ending the agreement.
Cosmo DePinto Has anyone used Anderson Advisors?
27 January 2025 | 10 replies
He included my Last Will and Testament, Living Will, Advanced Healthcare Directive, General Durable Power of Attorney, etc.
Neil Narayan Tesla suppliers are clustering in certain areas of the Austin metro
19 January 2025 | 0 replies
Other nodes include Georgetown and northeast Austin near Manor.
Danielle Weaver How to protect yourself as an owner who pays utilities
17 January 2025 | 5 replies
That way, there is some type of cushion to help against any high usage months, should they just happen to use more than your previous tenants did, or if you unfortunately get tenants who abuse the "utilities included" opportunity. 
Samuel Coronado Looking at another park
13 January 2025 | 8 replies
How much land is included?
Dean Sexton New to real estate investing. Quick question
15 January 2025 | 3 replies
If every rental listing has a washer dryer included that market expects it and you should have them there.
Katie Lyon Best way to MARKET a sub-to deal?
28 January 2025 | 2 replies
I would also include 'creative financing available' at the beginning of the listing description to capture everyone else looking on Zillow, etc
Christina Swaby Do you provide incentives to your contractors?
28 January 2025 | 1 reply
I do not worry much about "hurried or sloppy work" because it is also in my contract that all work must pass inspection, which may include the city / county (for permitted projects), lender and myself.
Robert Spiegel Security Deposit Deduction: What is reasonable for cleaning
21 January 2025 | 10 replies
@Robert Spiegel Great question, and it’s always a balancing act when dealing with long-term tenants who’ve been fantastic overall.Based on my experience managing over 1,200 rental homes in North Texas, including areas like Dallas, Fort Worth, Plano, and Frisco, here’s how I would approach this:Cleaning Charge: While $540 may feel steep, it can vary depending on the size of the property and local market rates.