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1 September 2014 | 51 replies
I confronted the tenant about the men and she stated that one of them was a new boyfriend but only coming by occasionally to help with furniture construction and picture hanging.
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25 August 2014 | 12 replies
The deal was fairly unique as we ended up getting it substantially under market price mainly because we agreed to coordinate the sale of the elderly seller's furniture.
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5 September 2014 | 13 replies
Very helpful.We did visit the place a couple of times a year, but never noticed any damage because their humongous furniture was covering everything up.I don't plan to charge them for most of the stuff I mentioned, other than repainting the walls they painted and repairing all the walls they messed up.
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1 December 2015 | 16 replies
After we submitted the contract to the landlord, they came back and want 75% of the sale price minus equipments and furnitures.
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15 September 2014 | 2 replies
Furniture - x years, Fridge/Freezer - x years, washer/dryer - x years, etc.
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30 September 2014 | 6 replies
The furniture is included in the existing lease that will remain in place with the new owner.The clause in the lease states that the tenant will "return furniture to landlord at the expiration of lease."
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19 September 2014 | 6 replies
If you can make it cash flow, give them 12% for 5 years, just don't pay too much or they will end up owning it again.I don't think there is an app for what you're asking, you may need to use some shoe leather as horrible as that may sound, it works.You can sure look for distressed properties and sales.....but another issue, if you don't have the money to buy, do you have the ability to repair, improve a complex, change it's reputation in the area, draw new tenants and make some trash pile profitable?
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21 November 2013 | 9 replies
However the first floor is rented with a long term tenant who has invested in decent appliances and furniture so probably will want to stay for foreseeable future- but they are about 20% under market rate for rent, and are month to month.So-Do I:1. terminate the tenants lease rewire the whole building top to bottom?
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25 November 2013 | 4 replies
Owners spruce up their units and then, when they sell, the furniture, pots, pans, silverware, etc comes with the sale.
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27 November 2013 | 5 replies
Flooring over 5 years. etc.Here is a chart of such items.Type of PropertyGeneral Depreciation SystemComputers and their peripheral equipment5 yearsOffice machinery, such as: Typewriters Calculators Copiers5 yearsAutomobiles5 yearsLight trucks5 yearsAppliances, such as: Stoves Refrigerators5 yearsCarpets5 yearsFurniture used in rental property5 yearsOffice furniture and equipment, such as: Desks Files7 yearsAny property that does not have a class life and that has not been designated by law as being in any other class7 yearsRoads15 yearsShrubbery15 yearsFences15 yearsResidential rental property (buildings or structures) and structural components such as furnaces, waterpipes, venting, etc.27.5 yearsAdditions and improvements, such as a new roofThe same recovery period as that of the property to which the addition or improvement is made, determined as if the property were placed in service at the same time as the addition or improvement.Property taxes go on Schedule A.