If a cost segregation study was performed, the accelerated depreciation may further reduce the property’s basis, potentially increasing taxable capital gains when sold.Depreciation recapture will occur when you sell the personal residence, so it’s essential to keep detailed records of all depreciation claimed while the property was used as a rental to ensure accurate tax reporting at that time.This post does not create a CPA-Client relationship.

I recognized your name from the list of people attending the Westbank REI meet up tomorrow.

First, we started the firm in 2020 and have definitely ran into our rough patches as a fast growing company (we were recognized by Inc. 5,000 in 2024 as #105).

They pay rent before the due date, clean the property after every client, and if something breaks they usually repair it before I'm aware because their clients will give them bad ratings.

Then, we share them with our clients.

I had been a tax client of Anderson in prior years, but never signed up for any of their client programs.

Quote from @Gregory Schwartz: A local agent recently got sued for calling an old client who was on the Do Not Call list.

As a property manager, it's crucial to understand the nuances of these fraudulent practices, recognize the signs, and implement strategies to mitigate risks effectively.Understanding Rental Application FraudRental application fraud occurs when a prospective tenant provides false information on their rental application in an attempt to secure a lease.

That’s what our clients and us use it for.

The process can take client's anywhere from one month to two years of active and consistent searching, analysis and dealmaking to acquire the right home.