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16 October 2024 | 10 replies
We're bringing a knowledgeable general contractor to the property walk-through next week to assess potential risks, and I will also check the HVAC and electrical systems myself, as I have some experience in these areas.
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13 October 2024 | 1 reply
Reminder:Ground improvements qualify for bonus depreciation.This includes various landscaping.Roads and external parking areas.Sidewalks and pathways.Fences.Utility systems (including the installation or improvements to water, sewage, drainage, and electrical systems).Outdoor lighting.Rec facilities (like playgrounds, sports courts, and swimming pools).And more.It's a big category for depreciation/bonus depreciation that we love.
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17 October 2024 | 14 replies
It tightened up the system and made it harder to file those frivolous claims.I’ve been in real estate here for over 20 years, and while the storms are no joke, it's those past practices that really drove insurers out and drove rates up.
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14 October 2024 | 2 replies
We are looking to learn more and try the brrrr system.
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16 October 2024 | 6 replies
Meanwhile our litigation system favors seeking cooperation from insurance carriers but that in itself is a whole other subject.
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16 October 2024 | 15 replies
Hi All,I've used Launch Control for a few years, but the system has been down for a week and a half due to TCPA issues.
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13 October 2024 | 8 replies
Also adding in here for anyone else viewing that we would need to consider the possibility of the IRS classifying this as a second home versus an investment property and disallowing any potential 1031 exchange due to allowing a family member to use the home rent-free.There are safe harbors to qualify for a 1031 exchange.
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12 October 2024 | 5 replies
@Alec Barnes one of the problems with communication is the different expectations.Agents and consumers all think PMCs should be available 24/7.NOT POSSIBLE for the relatively small monthly fees owners pay PMCs versus the thousands of dollars of commissions agents get per transaction.So, while agents may answer their phones 24/7, most PMCs do not.
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14 October 2024 | 6 replies
We are looking to learn more and try the brrrr system.
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12 October 2024 | 2 replies
Some are recommending a 2.5-ton system, while others suggest a 3-ton unit.