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29 October 2024 | 2 replies
There is a unique tax deduction in the US called a “conservation easement.”It was designed by the IRS to encourage real estate owners to make pristine land, that could be enjoyed by the public, a conservation ground, and thus un-developable.In return, the landowner could treat the act of granting a “conservation easement” as tax-deductible.
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2 November 2024 | 28 replies
Yes, this system probably works for a more seasoned investor, but definitely not for a rookie.
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30 October 2024 | 18 replies
The company has a points-based system, where members receive a certain amount annually, and they can then bank those points for up to a year and use them to reserve time at various resorts around the world.I have been dragooned into assisting them with defraying timeshare costs by trying to figure out how to rent out the unused points so that they don't go to waste, before I dive into this myself, I wanted to find out if anyone else has experience with vacation rentals with this set-up.
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29 October 2024 | 0 replies
Assets identified in this study include:Kitchen Appliances: Refrigerator, microwave, garbage disposal, range hood and dishwasherLaundry Appliances: washer and dryerElectrical and communication systems: Specialized equipmentCustom Cabinetry, Countertops and shelvingInterior Finishes: wood flooring, carpet, and decorative light fixtures.61.64% of the total depreciable basis was classified as 27.5-year class life.
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30 October 2024 | 15 replies
@David Georgeson New security systems and some cameras have built-in wireless.
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29 October 2024 | 9 replies
If the system automatically processed reports, they may get sent out before the manager has an opportunity to review for mistakes or make changes.What problem, specifically, are you trying to solve?
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1 November 2024 | 30 replies
Once you get a large enough portfolio, you could start to build out systems and bring the property management back in-house.I totally agree, that was my plan too :)
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30 October 2024 | 1 reply
This is usually the financials they use from their Accounting system and not concrete numbers but allows you to see how they are doing.
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27 October 2024 | 5 replies
Your situation is unique and so is your partner's and we don't know what it is.
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28 October 2024 | 13 replies
We also use the spectrum supplied modem, but we supplement it with the google nest mesh wifi system.