2 May 2024 | 41 replies
Does that mean we get a 500 dllr faucet and it should ne installed free because thats the limit?
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1 May 2024 | 22 replies
I’m working to eliminate those in most of my buildings through the Installation of propane heating systems.
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30 April 2024 | 27 replies
A good property manger should be able to cover their costs in lower vacancies, lower maintenance costs, and better quality residents.Crappy tenants seek out DIY landlords because they know they can get away with things a good professional manager would not tolerate.
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30 April 2024 | 6 replies
Drain tile (which is basically a black pipe with holes in it) should be installed around the outside of the foundation and go in under the basement floor to the sump.
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30 April 2024 | 43 replies
You are also likely to pay more for contractors and get a lower-quality install because you are not there to supervise.
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29 April 2024 | 11 replies
It use to be necessary as a DIY landlord to have a set cleaning fee in the lease that could be deducted from the security deposit at move out.
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29 April 2024 | 5 replies
It's a strict 2-year requirement.As for strategies to avoid capital gains on the sale, if your client doesn't meet the ownership and use requirements for the Section 121 exclusion, they might explore other options such as:1031 Exchange: If the property is an investment property rather than a primary residence, your client could consider a 1031 exchange to defer capital gains tax by reinvesting the proceeds into another investment property.Installment Sale: If your client is willing to accept payments over time, they could consider structuring the sale as an installment sale, spreading the recognition of the gain over multiple tax years.Charitable Remainder Trust: If your client is charitably inclined, they could contribute the property to a charitable remainder trust, receive income from the trust for a certain period, and then have the remaining trust assets pass to charity upon their death, potentially reducing or eliminating capital gains tax.These are just a few options, and your client's specific financial situation and goals would need to be considered in determining the best approach.
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29 April 2024 | 2 replies
being a new build we had to add some basics, like blinds and a yard (including a sprinkler system that I installed myself, I learned a lot there)What was the outcome?
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29 April 2024 | 5 replies
Third, you aren't saving money or doing yourself any favors with DIY management.
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29 April 2024 | 1 reply
-new flooring throughout-removing the wallpaper and floating the walls -fresh paint throughout (cabinets and garage included)-new appliances -installing an electric stove-new cabinet and lighting fixtures-new shower, bathtub and sink fixtures What was the outcome?