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15 September 2024 | 61 replies
It should cut down on costs and complaints.If the tenant demands upgrades you can't do, I'd give him whatever notice is applicable in the jurisdiction to tell him to go pound sand and find another place to live.
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10 September 2024 | 4 replies
Neighbor refused to cut trees down.One tree fell on tenants RV, totaling it.
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13 September 2024 | 61 replies
Harris proposed tax credits for builders, cutting red tape, and a $25,000 down payment assistance for first-time buyers.
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9 September 2024 | 10 replies
Inspectors will assess the wiring and electrical panels for outdated components that could pose safety hazards, including fire risks.Plumbing issues like leaks, low water pressure, and drainage problems often arise as well.
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11 September 2024 | 6 replies
Got new renter, but the 2nd contractor cut some corners, took about $10k to finish it and the others.
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11 September 2024 | 18 replies
This approach could allow you to accelerate the depreciation of certain components of your property, including the new fence.Please note that you cannot apply a Section 179 deduction to real estate improvements, as Section 179 is not applicable to real estate properties.
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9 September 2024 | 5 replies
An approach you might want to take, is to break down each component of the rehab into its own price per sqft/linear foot/units for both materials and for labor.for example you might find that flooring costs and average of $3.50/sqft labor to install + $3.00/sqft for materials X square feet = cost to refloor+ always add an extra 10% for unforseensSo you would just need to do this for every part of the rehab based on what needs to be done and what level of finish you are going for.keep in mind that some things are measured by sqft, like floor, and others are measured by linear foot, like trim, and some are measured by total area, like drywall and paint, and yet others are measured per each like tubs and toilets.A good place to start with figuring costs is The Book On Estimating Rehab Costs by J.
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10 September 2024 | 3 replies
Formula & Components DSCR Formula: Net Operating Income (NOI): Income after operating expenses (excluding debt service).
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9 September 2024 | 0 replies
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.
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11 September 2024 | 8 replies
If it is later in the project, and most of the money is spent, well that is where reserves come in (hopefully those aren't blown through).If you have more time than money, you go in and do work that you would prefer to have hired (i.e. cut new beds and put down mulch yourself versus paying the landscapers...).